After having received undisclosed seed funding from Elixir Capital, Indonesia’s ‘online food network’ Kokiku TV is planning to expand its online video service to Vietnam and Thailand by next year.
The delisting of MOL Global Inc from Nasdaq is not expected to cast a dark cloud over the South-East Asia tech startup ecosystem, as the region still promises high growth potential.
Rakuten has decided its B2C model in South-East Asia will not work, Sumitomo has pulled out of Malaysia; Karamjit Singh looks at what this could mean.
The husband-and-wife team behind Malaysia’s online shopping destination FashionValet has much to celebrate about, announcing a multimillion-dollar investment led by Elixir Capital, a global private equity firm based in Silicon Valley, California. The actual amount was not disclosed.
Annelutfen, an Istanbul-based e-commerce business for baby and mother products, announced that last month it completed a US$4-million investment round led by Elixir Capital’s ECM Straits Fund.