This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.
Easy Eat AI offers an operating system for restaurants that lets them digitize all parts of their business, from inventory and customer orders to delivery, and gain AI-based data analytics to improve revenue. Many food and beverage businesses started digitizing orders and payments so they could offer deliveries during the COVID-19 pandemic.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. All this contributes to improving operational efficiency and lowering costs for all parties.” .
According to IDC’s Digital Universe Study , less than one percent of the world’s data is being analyzed. It claims to be the first in Asia to do so (its closest competitors are Cardinal Path in the US and fifty-five in France) and is already advising companies such as Google, Malaysia Airlines and SingPost.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
Underserved communities often face unique challenges when accessing and harnessing digital technologies. Underserved communities often face unique challenges when accessing and harnessing digital technologies. However, opportunities can emerge from developing the digital economy in these communities.
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Meanwhile in Malaysia, where 61.3% Indonesia emerged as the best choice.
Oyo is ready to explore the public markets. The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 to name a few markets. Oyo has also streamlined its relationship with hotels in recent quarters.
By digitalizing the insurance work for insurers and intermediaries, its platform enables them to save time, focus on their clients and scale their business. . Norwegian investor Kistefos , Markel Digital Investment and an angel investor participated in the latest round. trillion general insurance industry. .
The Hong Kong-headquartered startup will use the fresh capital for its market penetration into Southeast Asia, specifically Singapore and Malaysia, as well as the U.K. The global social commerce market is projected to rise to $6.2 Slack now has a team of 60 members in Hong Kong, Singapore, Malaysia, Taiwan and the U.K.
Today the Hong Kong and Malaysia-headquartered startup announced it has raised $23 million in Series B funding to scale its team and product. WATI founders Bianca Ho and Ken Yeung began working together in 2016, building Clare.AI, an omnichannel AI digital assistant for large Asia enterprises. WATI’s last round of funding was an $8.3
In addition, Toni works on several digital-economy-related initiatives that support the scaling of digital businesses, stimulate startup ecosystems and accelerate the digital transformation of key industries in Africa, Asia, the Caribbean and the Middle East. Jamil Wyne. Contributor.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The global construction management software market is expected to reach $23.9 billion in 2031, up from $9.3
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. During the pandemic, FunNow faced different challenges in each of its markets. During the outbreaks, FunNow’s team adapted the app’s services.
The app also has an AI-based nutritionist called Ria that is trained for cuisines in different markets through a combination of user-tracked data, guidance from local nutritionists and databases from sources like the United States Department of Agriculture. When it enters a new market, the company localizes its services using a playbook.
Its fourth fund is focused on Malaysia and run by a separate team). Its team has grown to 35 people, with most based in Indonesia, but ACV also recently established Singapore and Malaysia offices. Last year, Indonesia’s digital GDP was $70 billion and that’s expected to grow to over $350 billion in the next five to six years.
IHH Healthcare will work with Intellect to develop and customize digital mental health programs for its patients, corporate clients and staff. Founded in 2019, Intellect’s markets now include Malaysia, Singapore, India and Hong Kong. Founded in 2019, Intellect’s markets now include Malaysia, Singapore, India and Hong Kong.
Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”.
Fueled by the COVID-19 pandemic, digital transformation is happening all over the world. Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 It aims for fast and easy integrations so that businesses can more easily accept payments digitally.
million USD in seed funding, which it says one of the largest seed rounds raised by a digital mental health startup in Southeast Asia so far. ThoughtFull’s main operating markets are Singapore and Malaysia, but it now has users in 43 countries. One of them, ThoughtFull , announced today it has raised $1.1 to expand across Asia.
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . We are taking the best practices along with key learnings to our next market launch.” .
It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand and Vietnam. It expects to see the total addressable market jump from $52 billion to $180 billion by 2025. This is a milestone in our journey to open up access for everyone to benefit from the digital economy.
For brands, it gives them a way to conduct market research and collect first-party data, which is important as marketers prepare for a post-cookie world. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets.
The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. This lets Jenfi continuously monitor its borrowers’ business activity, including revenue growth and marketing return on investment.
Today, the company claims 1,000 businesses have used Take App from across 35 different markets, though the vast majority are based in Singapore, Malaysia, and Indonesia. We focus on traditional businesses with a digital gap.”
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States. How will digital media survive the ad crash?
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. Canada, Australia and Asia.
It is a portfolio of loans to hundreds of small businesses in Singapore, which is the target market Validus serves, Goel added. . Citigroup also has agreed to sell its Southeast Asia retail operations in Indonesia, Malaysia, Thailand, and Vietnam to Singapore-based United Overseas Bank for about $3.7billion in January. .
Before launching IDEAL, Surjaudaja was former head of operations strategy at digital payment service OVO. Surjaudaja said that traditional retail banks offer a relatively poor digital experience for their consumer lending products, making them less accessible. IDEAL’s digital platform seeks to solve these challenges.
The funding, which brings TreeDots’ total raised to $15 million, will be used to grow its operations in Malaysia, where it expanded last year, enter other markets and continue optimizing its logistics and supply chain business, called TreeLogs. TreeDots also helps them digitize their operations through its app and onboard to TreeLogs.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. year-over-year, continuing its trend of annual revenue growing at a triple-digit percentage.
More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. kW) and 2 times the range (100 km versus 50 km) of most electric motorbikes in the market, at the same price point. In 2018, he moved back to Vietnam and launched Dat Bike.
Based in Hong Kong, Pickupp also operates in Malaysia, Singapore and Taiwan, and claims it can save clients an average of about 28% in logistic costs. Sensing a market opportunity, Pang began using her software engineering background to think of a solution. Pickupp is able to do this with an asset-light business model.
Details: Lazada will continue to increase investment in the Southeast Asian market under a sustainable operating model, Dong said on the meeting, according to the attendee. Lazada operates in Thailand, Singapore, Vietnam, Malaysia, Indonesia, and the Philippines, with its Thai business the first to achieve profitability in 2022.
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. In other words, Plugo enables D2C merchants to focus on their products and supports other processes.
Tiger Global’s latest investment in India is Vecmocon , a startup building solutions to bring safety and reliability alongside intelligence and health monitoring to light electric vehicles (EVs), addressing concerns that are curtailing the sales of electric scooters in the South Asian market. Some have even caught fire in the recent past.
Lin said AppWorks has a strong incoming pipeline because many startups in its ecosystem, including ones run by accelerator alumni and its mentor network of about 100 seasoned entrepreneurs, have reached product-market fit, are scalable and need to raise funding to accelerate growth.
South Asia, for instance, has the lowest average remittance costs across all regions at 4.95% (these percentages are reported on a standard $200 transfer); therefore, it makes sense to tap into the opportunities the market presents. Most of the focus on remittance has been the flow of money into Africa for sustenance.
CEO Eddie Wu, in an internal memo, said the move aims to enhance the companys ability to serve consumers worldwide and support small- and medium-sized enterprises in expanding across global markets, as reported in Chinese media outlet 36Kr. In September, Taobao introduced an English version of its platform in Malaysia and Singapore.
The story was among the most read on the site that day, further evidence that people are really interested in technology that relates to the property rental market, specifically when it comes to investing. On Friday, I published an article on Doorstead ’s $21.5 million Series B raise. million residents of Muslim faith in the U.S.
Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea. ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters.
The funding will be used to grow Docquity in its existing markets, like Indonesia and the Philippines, and enter new ones, including Japan, the United Arab Emirates, Saudi Arabia and Egypt. How digital health startups are navigating the post-Roe legal landscape.
Four hundred million people in the region already use the internet, but by year’s end, one estimate suggests that 80% of the population over the age of 15 in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam will be digital consumers. Heavily VC-backed salad chain Sweetgreen heads toward public markets.
“This is also coupled with the fact that last year, the COVID-19 pandemic has driven a significant increase in demand for digital payments and financial services across Indonesian rural areas, creating a huge growth opportunity for us,” Liu added. Payfazz uses payment infrastructure developed by Xfers to accept digital payments.
We organize all of the trending information in your field so you don't have to. Join 12,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content