Malaysian companies will need to step up in the 5G race, say VCs.
Two startups provide AI-powered solutions in adtech and proactive approach to market research.
More and more corporates are investing in startups either directly or through venture capital in order to add value to their companies.
“The biggest threat facing established retail players right now may not be big startups that are directly competing against them but rather those that provide complementary services that are slowly chipping away at their independence,” said Rakuten Ventures managing partner Saemin Ahn.
Carousell said it has secured US$35 million funding in a Series B round led by Rakuten Ventures, with Sequoia Capital, Golden Gate Ventures and 500 Startups participating.
Rakuten Ventures has announced the launch of a US$100-million global investment fund that will target investments in startups and companies in Israel, Asia Pacific and the United States.