Market expansion

Thailand’s Somphol Bedding opts for Epicor’s ERP
Epicor Software Corp has announced Somphol Bedding and Mattress Industry Co Ltd (SPB) as its latest ERP 10 customer in Thailand. Financial terms were not disclosed.
Malaysia’s Carsome raises US$350K from 500 Startups, IRR
Automotive portal Carsome, which connects car buyers to dealers, said it has raised US$350,000 in its first round of funding, from 500 Startups and IdeaRiverRun (IRR).
DNA on BFM: What can GrabTaxi do with 8 trillion rupiah?
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.
Fusionex eyes Philippines, fuelled by 26% jump in revenue
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.
Big plans for KL-based GlassesGroupGlobal after Series A
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.
Red Hat eyes SEA expansion, finally sets up shop in Malaysia
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.
Dating app startup Paktor lands US$7.5mil in Series B round
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).
Malaysia’s Exabytes acquires Singapore hosting company Signetique
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.
Singapore property crowdfunding platform CoAssets lists on Australia’s NSX
Singaporean crowdfunding platform provider CoAssets Pte Ltd has listed on the National Stock Exchange of Australia (NSX), that country’s second largest stock exchange.
OSKVI’s game-plan for its first Malaysian startup investments
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.
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Digerati50 2020-2021

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