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Indonesian insurtech startup Fuse gets $25M Series B extension to expand further in Southeast Asia

TechCrunch

Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.

Asia 131
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Predicting the next wave of Southeast Asia tech giants

TechCrunch

Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Southeast Asia is hitting a sweet spot. billion at a market cap of $8 billion. Amit Anand. Contributor. Share on Twitter. Vertical e-commerce is climbing the vine.

Asia 96
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64 Online Stores That Benefit Nonprofits and the Greater Good

Nonprofit Tech for Good

3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 15) Little Market :: thelittlemarket.com. Proceeds aid musicians and music industry workers who are struggling with illness, disease, and age-related problems.

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U.S. companies support COVID-19 relief in Indonesia, Southeast Asia

Candid

Chamber of Commerce with support from Business Roundtable — has announced commitments in support of COVID-19 pandemic relief and response efforts in Indonesia and Southeast Asia. As the fourth largest nation in the world and the largest economy in Southeast Asia, Indonesia is a significant market for U.S. businesses." U.S.

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Asia HR tech platform Darwinbox becomes unicorn with TCV-led $72 million funding

TechCrunch

HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.

Asia 98
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Golden Gate Ventures forecasts a record number of exits in Southeast Asia

TechCrunch

The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. It’s a definite increase,” said Lints.

Asia 102
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Backed by East Ventures, Fr8Labs aims to digitize Asia’s logistics industry

TechCrunch

In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.