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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.
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 billion in 2031, up from $9.3
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
The 2nd China-Malaysia Science & Technology Innovation Summit kicked off in MRANTI Park, Kuala Lumpur on Wednesday (March 6) with the theme Fostering Collaborative Innovation, Building the Future Together. For almost 15 years now, China has been Malaysias largest trading partner, one that is valued at over MYR487 billion ($102.92
and expand its product in APAC, including the Philippines, Indonesia, Malaysia, Australia and Japan. It will also double down on existing markets such as the U.K./Europe. Asked what the upside of the Wirecard acquisition was, the Railsbank founder says it helps maintain an orderly market in the U.K.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. The capital will be used to expand its fulfillment infrastructure, including a network of warehouses and cold chain logistics, hire more people for its engineering team, and sales and marketing.
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. The startup has secured $4.2 million in seed funding led by Headline Ventures. Wholesale marketplace Abound raises $22.9M.
It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016. It continues to operate in Indonesia, Malaysia and Thailand. learned from China’s tech giants. Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
The three guests individually presented insights into their local markets and the varied challenges involved in developing the digital economy. Its mission is to nurture and inspire at least 1,000 emerging talents and tech leaders each year for the next ten years. The internet penetration is 95% in our country.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Akulaku, which operates in the Philippines and Malaysia in addition to Indoensia, offers a virtual credit card and installment shopping platform, as well as an investment platform and neobank.
HealthifyMe is the first Indian health tech startup LeapFrog has invested in, and Khosla Ventures’ largest investment in India to date. HealthifyMe’s products include HealthifySmart, which uses AI-based tech to customize diet plans for users, and HealtifyCoach, which includes live conversations with coaches. Today in the U.S.,
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.
The company launched in Singapore in May, followed by Malaysia in August. “Southeast Asia is predicted to be the world’s largest e-commerce market in the next five years, and the addressable market for us in Southeast Asia alone is already five times the size of Australia and twice the size of the U.S.,”
A lot has changed since Monk’s Hill Ventures released its first report on tech compensation in Southeast Asia five years ago, with base salaries and competition for top talent jumping dramatically. The report focused on Singapore, Indonesia and Vietnam because they are three of the fastest-growing markets in Southeast Asia.
The Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth. Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. For example, Singapore, Hong Kong, Japan, Australia and New Zealand are all core markets. The first half of Series A was announced in January 2022.
Jamil Wyne is a co-author of the World Bank report “The Evolution and State of Singapore’s Start-up Ecosystem: Lessons for Emerging Market Economies.” As of 2019, Singapore had over $19 billion in PE and VC assets under management, more than twice that of neighboring Indonesia, Philippines, Vietnam, Malaysia, and Thailand combined.
TNGlobal is excited to announce the ORIGIN: Asia Tech Conference , themed Unleashing Potential, Reimagine Future to be held on May 23, 2024, at The Venetian Macao Convention and Exhibition Center, Florence Meeting Room.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. The capital will be used for expansion and growth in markets including New Zealand, Southeast Asia and the United Kingdom. Virtual HQs race to win over a remote-work-fatigued market. million USD).
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. Fund V will also focus on new themes including climate tech. ACV recently hired Helen Wong as managing partner.
It is available in Singapore, Malaysia, Thailand, Vietnam and the Philippines, and recently established tech hubs in Bangalore and Ho Chi Minh City. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones. million users.
ZenyumClear is currently available in Singapore, Malaysia, Indonesia, Hong Kong, Macau, Vietnam, Thailand and Taiwan, with more markets planned. Sequoia India principal Pieter Kemps told TechCrunch, “There are 300M customers in Zenyum’s core markets—Southeast Asia, Hong Kong, Taiwan—who have increased disposable income for beauty.
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.
ThoughtFull’s main operating markets are Singapore and Malaysia, but it now has users in 43 countries. Its app, which launched in 2020, is available in five languages: English, Bahasa Malaysia, Bahasa Indonesia, Mandarin and Cantonese, along with coaches who are also fluent in Tamil, Thai, Vietnamese and Tagalog.
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. Taboola and Outbrain call off their $850M merger.
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. Glints’ team. Despite layoffs, there’s still a talent crunch in Southeast Asia.
Based in Singapore with offices throughout Asia and Australia, Reebelo wants to make buying pre-owned tech as desirable as a brand new device. It has offices in Australia, Singapore, New Zealand, Hong Kong, Malaysia and Taiwan. Back Market reaches $5.7B Reebelo’s last funding was a $1 million seed round announced in June 2020.
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.
In conversations about freelancing and online marketplaces for remote contract workers of the tech industry, the name of oDesk floats up pretty often. Among other fastest-growing client countries one can also find Latvia, Pakistan, Romania, Lithuania, and Malaysia. million jobs. million jobs.
For those brands, Raena represents a way to enter new markets like Indonesia, which the startup estimates has $20 billion market opportunity. Raena resellers, who are mostly women between 18 to 34 years old in Indonesia and Malaysia, pick what items they want to feature on their social media accounts.
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. The startup says its gross merchandise volume (GMV) has grown more than 4x year-over-year.
Now, we also went into gaming and then ‘close by’ categories, while some markets went a little bit outside of consumer electronics to become a good place for sustainable consumption.” In addition to Singapore, Reebelo services Australia, New Zealand, Malaysia, Hong Kong and South Korea. growing to 25% of total sales, Franta said.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. In the meantime, it’s planning to move beyond its markets in Asia and start expanding early market access in the U.S.,
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 positions itself more as a data and tech company, Pang added.
Suddenly the malls are closed, so we’ve been able to sign some of the bigger retail outlet groups in the market as well.”. The company’s clients range in size from SMEs to some of the region’s largest tech players, including Traveloka, Wise, Wish and Grab. When we expand somewhere, we really mean we’re going to expand.
Carousell , a Singaporean consumer-to-consumer (C2C) service platform operating across Southeast Asia, is letting go of about 110 employees, or 10% of its total headcount, in an effort to reduce costs amid a challenging market condition for the tech industry. .
In March, one of China’s top tech policy makers published a set of draft rules that would bring e-cigarettes under the same regulatory scope as traditional tobacco, which means vaping companies will need licenses for production, wholesale and retail operations in the world’s largest manufacturer and exporter of e-cigarettes.
These include preventing overfishing, protecting coastal ecosystems and giving small-scale fisheries access to more resources and markets. The first one was market access and getting fair prices for seafood. But Aruna’s founding team saw two major problems while analyzing coastal communities. The second was access to working capital.
Founders from some of the most promising unicorn companies in Asia on Thursday shared their experiences and insights about dealing with challenges and achieving success at BEYOND EXPO 2024, one of the largest tech events in the region. We felt that the consumer tech industry got boring, and we needed to do something different.
The startup plans to monetize by reserving 20 percent of the impressions for Cost Per Action-based pure performance marketing. Started by a former Baidu employee, Tuicool is a content recommendation system that provides users with suggested tech news based on an algorithm.
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. Africa to Asia is a large trading corridor overlooked and underserved by tech today.
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. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
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.
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