Indonesia'sTraveloka has begun to venture into other South-East Asian (SEA) countries this year with the opening of regional offices in Malaysia, Thailand, Singapore, the Philippines and Vietnam.
Online grocery platform HappyFresh has successfully raised a fresh round of funding led Samena Capital, with existing investors Vertex Ventures, SinarMas Digital Ventures and Endeavor Catalyst also taking part.
Singapore-based KK Fund has closed an undisclosed amount for its second venture fund, with the brother of Softbank founder Masayoshi Son being one the Japanese investors in the round, reports Karamjit Singh.
Having raised US$310mil over the four years of its existence, foodpanda’s focus on profitability has Karamjit Singh pondering, and wondering if Khailee Ng is wrong about his ‘feeding frenzy’ prediction.
Izmus aims to connect Israeli startups and companies with Singapore investors so that these companies can use the Lion City as a regional launchpad.
Singapore-headquartered Golden Gate Ventures has secured US$60 million for its second early stage venture fund; with founding partner Vinnie Lauria arguing that Vietnam is the most under-rated economy in SEA.
Despite months of down or flat funding rounds, the SEA ecosystem has shrugged off news of MOL Global’s delisting to power ahead with Ninja Van’s Series B funding, writes Karamjit Singh.
The delisting of MOL Global Inc from Nasdaq is not expected to cast a dark cloud over the South-East Asia tech startup ecosystem, as the region still promises high growth potential.
A survey on South-East Asian IT leaders’ outlook on the Internet of Things and its impact on the security strategy of the business has found very low levels of awareness and concern.
Japan’s NTT Data sees its acquisition of a majority stake in Kuala Lumpur-based regional online payment systems provider iPay88 Sdn Bhd as marking its serious entry into South-East Asia, while it would be “business as usual” for the Malaysian company.