This week's show starts with the incredible US$350-million record-breaking round that Malaysian-launched and -owned GrabTaxi has announced, but also looks at other startups playing the regional game, as well as not-so-old-school player Telekom Malaysia.
Big data and analytics software company Fusionex International Plc will be widening its footprint in South-East Asia by expanding to the Philippines over the next few months, its fourth market in the region.
After securing US$3 million in Series A funding recently, KL-based online eyewear retailer GlassesGroupGlobal is now eyeing other markets in South-East Asia and Europe, and aims to disrupt a global US$100bil industry.
Open source vendor Red Hat Inc is betting Malaysia will be a growth centre, in line with its expansion plans for South-East Asia, according to its regional chief Damien Wong.
Singapore-based social dating startup Paktor Pte Ltd said it has secured Series B funding of S$10 million (US$7.5 million) from Majuven, Convergence Ventures, and existing investor Vertex Venture Holdings (a wholly-owned subsidiary of Temasek Holdings).
KL-based webhosting and e-commerce solutions provider Exabytes Network Sdn Bhd has announced its 100% acquisition of Signetique IT Pte Ltd, its second in the city-state. Financial terms were not disclosed.
Singaporean crowdfunding platform provider CoAssets Pte Ltd has listed on the National Stock Exchange of Australia (NSX), that country’s second largest stock exchange.
OSK Ventures International Bhd has made its first-ever investments into Malaysian startups, and it intends to bring more than just money to the table, reports Goh Thean Eu.
Singapore-based technology consultancy startup Alpha7 said it has raised an additional S$3.1 million (US$2.3 million) in funding from private investors, without elaborating.
Digital retail solutions provider Ebizu Sdn Bhd said it has been awarded CIP 500 funding by Cradle Fund Sdn Bhd, the Malaysian Ministry of Finance non-profit that provides early-stage funding.