Investment to be used to beef up and expand operations in South-East Asia Company will also be making major tech investment to upgrade offerings
Is there a funding gap because VCs in the region lack business experience? Or is the lure of India and China simply overshadowing Asean possibilities?
Mobile marketplace startup Carousell has raised S$1 million in seed investment to fuel its ambitions in South-East Asia with the round led by Rakuten, Golden Gate Ventures, 500 Startups and angel investors Danny Oei Wirianto and Darius Cheung.
The Technopreneurs Association of Malaysia (TeAM), through its Policy Institute (TeAM-PI), is in discussions with the relevant government agencies to get the Malaysian Government to review existing bankruptcy laws in a bid to spur entrepreneurship, and is also working on a slew of other initiatives.
Singaporean angel investor Bernard Leong and lawyer Huifen Zheng have launched a set of open source term sheets and share transfer documents that they believe would help both entrepreneurs and angel investors navigate the complexities of the legal documents associated with the fundraising part of startups.
DeliverEat has a mission to make mealtimes less of a hassle for community in Penang Eyes expansion to other states in the country and eventually, South-East Asia EVER got back home from a hard day at work only to realise that you need to figure out what to do about dinner?
The the Founder Institute has opened up applications for its second semester in Kuala Lumpur that will kick off in the first quarter of 2014, and its CEO Adeo Ressi said he would personally fund one or two startups from the programme.
Penang-based startup DeliverEat has acquired mobile loyalty platform ChopChop from parent company GetChopChop, in line with plans to expand its business and fortify market share in the northern state.
MDeC said it will collaborate with the Malaysian Venture Capital & Private Equity Association to launch Deal Quest, a platform that would give local businesses the opportunity to attract investments from both local and regional venture capitalists and private equity players.
Latin America, here we come! That, or something along those lines, must have been among the hoots of joy that reverberated in SecQ.me’s office when founder James Khoo and his cofounder Chin Xin-Ci were told they would receive a US$155,000 (RM500,000) grant from Cradle Fund Sdn Bhd.