Mavcap & 500 Startups expect more follow-on funding from the US$50 mil 500 Durians II fund
After five years of plugging away with its personal security app, WatchOverMe is shutting down with the team hired into Carousell at Singapore, writes Karamjit Singh
South-East Asia is poised to become one of the world’s fastest-growing regions for e-commerce revenues, exceeding US$25 billion by 2020 despite several acquisitions, market exits, and many online retailers struggling to achieve profitability.
It has been another strong week for the tech ecosystem in SEA, writes Karamjit Singh.
Carousell said it has secured US$35 million funding in a Series B round led by Rakuten Ventures, with Sequoia Capital, Golden Gate Ventures and 500 Startups participating.
Singapore-headquartered Golden Gate Ventures has secured US$60 million for its second early stage venture fund; with founding partner Vinnie Lauria arguing that Vietnam is the most under-rated economy in SEA.
C2C marketplace operator Shopee believes it has what it takes to fend off rivals, and announced a slew of initiatives – including one it is calling the ‘Shopee University.’
DNA looks at some of Garena’s numbers and breaks the news of the new MaGIC CEO, to be announced next week, writes Karamjit Singh.
On this week's Tech Talk show on BFM Radio, with DNA founder and CEO Karamjit Singh.
Mobile C2C marketplace Carousell will go into at least two new SEA markets by end-2016, according to its newly-appointed international VP Chai Jia Jih.