Southeast Asian venture capital firm welcomes industry veteran Arvind Sankaran.
CatchThatBus, a bus-ticketing platform, has received a US$1.5mil pre-Series A round, with the founders aiming for a much bigger round, writes Karamjit Singh.
Inventory management system startup TradeGecko has announced a US$6.5-million round of Series A financing led by NSI Ventures and Jungle Ventures.
Singapore- and Bangalore-based Askabt said it has closed a S$500,000 (US$400,000) seed funding round led by Jungle Ventures for its Scrollback chat platform.
Thai-based Pomelo Fashion said it has raised US$1.6 million in pre-Series A funding, led by Jungle Ventures, with participation from Skype cofounder Toivo Annus, 500 Startups, Fenox Ventures, Queens Bridge Ventures and others.
Lee Ching Wei, cofounder of 18-month-old financial services comparison startup iMoney which last week announced it had raised US$2 million in its Series A round, speaks to DNA founder Karamjit Singh.
The start-up space is recognized as amongst the most vibrant sectors in the country’s technology ecosystem, yet it is still very hard for entrepreneurs to raise money in Malaysia, panelists at the DNA-TeAM Disrupt session said.