Funding

JFDI.Asia secures US$2.1mil to accelerate tech startups in SEA
JFDI.Asia said it has secured firm capital commitments totalling S$2.7 million (US$2.1 million) from an international consortium of investors anchored by Singapore’s Infocomm Investments Pte Ltd.
Help SMEs gain greater financial literacy: ACCA
Governments and policy-makers around the world must encourage financial literacy among small businesses, remove uncertainty in regulation and encourage the publication of more information to enable entrepreneurs to more easily gain access to new and different forms of funding, according to the Global Forum for Small and Medium Sized Enterprises (SMEs).
iBuy listing reinforces value of SEA market to investors: Grove
Catcha Group’s Patrick Grove chats with DNA founder Karamjit Singh about what led to iBuy’s birth and his excitement over the e-commerce momentum in South-East Asia.
iCar raises additional A$7.2mil, to be used to fund Carlist.my
iCar Asia Ltd has announced an additional investment of A$7.2 million (US$6.5 million) from ASX-listed carsales.com Ltd, which it would invest into product development and marketing activities of its market leading brand Carlist.my.
Malaysian startups and the VC perception barrier
Despite its promise, Malaysia is not even looked at when VCs shop around for investments We need more exits to boost our numbers of experienced founders versed in startup pains
CompareAsia Group receives US$3mil funding
Financial comparison website company CompareAsia Group has secured over US$3 million in funding from Stem Capital Partners and “other International investors,” it said in a statement.
Rocket Internet’s FoodPanda gets additional US$20mil
FoodPanda and its affiliated brand HelloFood, an online food delivery marketplace, received another US$20 million in funding from a group of investors including Phenomen Ventures.
Indonesian baby products e-tailer Bilna.com gets new round of funding
Bilna.com, an Indonesian online shop specialising in baby and family-oriented products, has completed a new round of funding led by Tokyo-based Digital Garage Incubation.
Beyond the bucks
Success sometimes requires having the faith to look past the bottomline The question to ask is: What is the problem you are trying to solve? I AM sometimes asked by entrepreneurs for input on what their next venture should be or whether their current idea has legs.  
Rocket’s Zalora adds US$112mil to expansion fund
Rocket Internet’s Zalora has secured a USD112 million in funding, from privately held investor group Access Industries in addition to funds managed by US-based asset management firm Scopia Capital Management LLC and other institutional investors.
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Digerati50 2018-2019

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