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Despite a weeks-long multinational crackdown , scam centres along the Thai- Myanmar border are still operating with up to 100,000 people working there, the top police general leading Thailand’s operations against the fraud compounds told Reuters. “We have to discharge people as quickly as possible,” Thatchai said.
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. More than 10,000 corporates in over 10 countries, including the U.K., billion in 2031, up from $9.3 billion in 2021, per a recent report.
million in pre-Series B funding, led by Headline Asia. 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. The Singapore-based startup announced today it has raised $6.6
It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. The company’s previous round of funding was a $20 million Series C announced in April 2019. It continues to operate in Indonesia, Malaysia and Thailand. learned from China’s tech giants. What grocery startup Weee!
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. million USD) in pre-Series A funding from Rakuten Ventures and Beyond Next Ventures to build a B2B logistics platform for farmers that sell to restaurants, hotels and other F&B (food and beverage) businesses. “We
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. Based in Hong Kong, Coherent helps insurance providers go digital. Coherent will focus on China and emerging markets in Asia.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies. Unsurprisingly, tech startup growth is booming as well.
As part of the deal, Proterra, which focuses on agri-tech, will invest up to $100 million in the facility, while Eat Just will invest $20 million. Based in San Francisco and formerly known as Hampton Creek, Eat Just has received total of about $220 million in funding, according to Crunchbase.
And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. Deliveree is currently available in Indonesia, the Philippines and Thailand. There are all these well-known players, like Waresix or even Kargo Tech. It’s about 8%.
Investors include China’s Alibaba Group as well as existing investors DPDgroup’s GeoPost , Facebook co-founder Eduardo Savering’s B Capital Group , Monk’s Hill Ventures, and Zamrud, a sovereign wealth fund controlled by Brunei, based on its statement. Singapore’s logistics tech startup Parcel Perform raises $20 million.
Doowa was previously co-founder and CEO of Frank Insurance, an online digital broker in Thailand that was acquired by Bolttech in 2021. Many insurance companies in Thailand manage their agents using a combination of Excel, Line chats and phone calls. Eazy Digital was founded last year by Haprem Doowa and Maethavee Sukul.
million USD) in Series C funding. The company’s Series C, which it claims is one of the largest private rounds raised by a Southeast Asian healthtech company, brings its total funding to more than $140 million SGD. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. Currently, its content looks more general, serving the emerging manager in tech, not the first-time manager handling a fintech startup during a pivot.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia.
The capital brings Intellect’s total funding since the Y Combinator alum was founded in 2019 to $23 million, and will be used to launch commercially in more markets, expand its operations and build out its mental healthcare system. The first is the tech product, which includes its self-guided programs and app.
He is an adviser and investor focusing on high-impact entrepreneurship in emerging markets and has worked with the World Bank, International Finance Corporation, as well as numerous funds and startups focusing on developing countries.
This brings Food Market Hub’s total funding to $4.7 The platform also uses AI-based tech to forecast purchasing needs by analyzing past data. Part of Food Market Hub’s Series A will be used to expand into Indonesia, Thailand and Vietnam. million so far. Orders can be placed through the platform or by email and WhatsApp.
The newest round was led by the InsuResilience Investment Fund II, which was launched by the German development bank KfW for the German Federal Ministry for Economic Cooperation and is managed by impact investor BlueOrchard. Igloo was created to make insurance more affordable and relevant to the needs of communities in Southeast Asia.
Ajaib Group’s founders said it differentiates as a low-fee stock trading platform that also offers mutual funds for diversification. Bibit is a robo-advisor for mutual funds, while Bareksa is a mutual fund marketplace. Ajaib Group’s platform now includes Ajaib Sekuritas for stock trading and Ajaib Reksadana for mutual funds.
Tinvio’s last funding announcement was a $5.5 Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. How tech can build more resilient supply chains. million seed round in April 2020. million seed round.
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments , a joint venture between Temasek and logistics company Kuehne + Nagel. That is what Locad’s tech enables.
Users choose the delivery channels they want, such as bank to bank, wallet to wallet, bank to wallet and wallet to bank options to transfer funds as well as make merchant payments, with settlement done within 24 hours,” said CEO Eddie in a statement. African startups join global funding boom as fintech shines.
Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. The Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth.
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. million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8
The Series C brings Dable’s total funding so far to $20.5 In 2021, however, it plans to use its Series C to speed up the pace of its expansion, launching in Hong Kong, Singapore, Thailand, mainland China, Australia and Turkey before entering markets in Europe and the United States, too.
million in seed funding. Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the same tech company. Meanwhile, the new funding will be split between R&D, hiring and marketing, Lee said. Image Credits: Immi.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. Where are all of the VCs in Asia?
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
” Its latest funding round was led by TMYTEK’s manufacturing partner Inventec, one of the largest OEMs in Taiwan, and brings the startup’s total funding so far to $13.3 Other investors included Taisic Materials, ITEQ, Tamagawa Electronics, and Taiwan’s National Development Fund. and European market, he said.
ZenyumClear is currently available in Singapore, Malaysia, Indonesia, Hong Kong, Macau, Vietnam, Thailand and Taiwan, with more markets planned. 3 golden rules for health tech entrepreneurs. This Series B is a testament to that, and of the belief in the large opportunity down the road.”
million in seed funding from investors including SparkLabs Taiwan, Palm Drive Capital and content-tech unicorn Tezign, and will launch generative AI-powered features soon. Since its launch, dipp has primarily focused on Taiwan, but is expanding into Southeast Asia, with new clients in Singapore, the Philippines and Thailand.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. The company is one of the largest VC-backed startups in Southeast Asia, having raised over $60 million in funding. This is the third part of a four-part series that will provide insight into starting, building, and funding a company across Asia.
The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. Docquity was created to help doctors collaborate in the same way, at scale, even if they live in different countries. The new capital brings Docquity’s total raised to $57.5
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The company wants to focus on the Indonesian market, one of the largest markets in Southeast Asia, for the next 12 months, then expand to other Southeast Asian countries, such as Malaysia, Vietnam, Thailand and the Philippines, Bang told TechCrunch.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines.
Previously, Lisa served as the founding CEO of the 1:1 Fund, a project incubated by CFED to build a broad online and high net-worth donor base for children’s savings accounts. Lisa graduated from Mount Holyoke College with degrees in philosophy and critical social thought. Dress snazzy if you like, to be red-carpet ready.
Why it matters: Hozon Auto is the latest mainland-headquartered company to establish a base in Hong Kong as China hopes to create a high-tech megalopolis in its southern Greater Bay Area to rival Californias Silicon Valley. Hong Kong will provide a subsidy of up to HK$ 200 million ($25.6
Funding Societies , the SoftBank Vision Fund II-backed SME digital lending platform, recently launched a shariah-compliant financing product there, and now offers it as the default product to all its Malaysian customers. Meanwhile in Malaysia, where 61.3% out of its 33.6 All losses and profits are shared pro rata, Martin explained.
Funds that participated in the latest round included 4Di Capital, Octerra Capital, VestedWorld, Voltron Capital, Logos Ventures and several other angel investors, bringing the total capital raised by the Lagos-based startup to $2.5 Bfree , a Nigerian credit management fintech, has embarked on global expansion after raising $1.7
They are all part of TechSoup Asia , which serves charities in the Philippines, Malaysia, Singapore, Thailand — and now Vietnam and Indonesia. It also matches philanthropists with volunteer opportunities and funding recommendations. It uses a crowd-funding matching system like the famous Kiva.org system.
The quake also hit neighboring Thailand, bringing down a 33-story building with people inside. The organizations Save the Childrens Emergency Fund is designed to provide assistance, including shelter. The quake destroyed buildings, roads, bridges, and other critical infrastructure in the country. You can donate to Project HOPE here.
Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth, Provident Growth and Indies Capital.
My co-founder, Amy, was hospitalized in Thailand after taking counterfeit medicine. Despite the company’s innovation, funding has been few and far between, as with many deep tech platforms with a significant focus on Africa. Alonge sees RxAll as a pioneer in the world of deep tech mixed with health tech.
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