Funding

Carsome Raises US$50m Series C via equity and debt investments
40,000 cars transacted annually on Carsome, 1% of SEA used car market Combination of equity and debt investments from new & existing investors
MyGroser stakes its claim as ‘a better way’ to buy groceries
Grocery market not winner takes all market space for at least five players Main competition is breaking habits, teach customers there's a better way to grocery shop
Cradle to crank it up, looking for more hard tech startups
Organises first ever Cradle Startup Awards & Media Appreciation Night To focus more in 2020 on spurring, supporting hard tech startups
PropertyGuru decides to not proceed with IPO
Company cites uncertainty in current IPO market Claims not to need new funds to run current operations
Personal data technology platform Dataswift raises US$2mil seed funding
Funding will allow team to roll out new personal data infrastructure globally Seeking forward looking developers to build ethical, useful, data-rich websites & apps
Malaysia’s Aerodyne raises US$30 mil in Series B as it charts IPO in 2022/23
CEO projects next funding round to be in 12 to 18 months time, with IPO in 2022/23 A key company under MDEC’s Global Acceleration Innovation Network (GAIN)
SmartBites raises US$100K via ECF funding to expand corporate offerings
Food delivery startup, which uses AI to focus on serving offices, receives fresh round of funding to expand its corporate offerings.
Gen Y job portal WOBB raises US$1.3m in pre-Series A round
Investors CAC Capital, Accord Ventures and Actcelerate International Group Immediate goal to dominate Gen Y hiring in Asia, facilitated 1.3m job applications
MESTECC pushes for US$4.85m corporate tax incentive to be introduced before year end
Designed to encourage corporates to invest in VCs targeting Malaysian startups Cabinet paper to be tabled in 2-weeks on restructuring of agencies & funds under Mestecc
EasyParcel raises US$10.6m in Series B from Gobi Ventures and AirAsia
Funding to deep dive into existing four markets in Southeast Asia Customer acquisition, strengthening talent pool key to scaling
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