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E-commerce aggregator Una Brands raises $15M Series A five months after its launch

TechCrunch

The startup has not disclosed the ratio of debt and equity (like many other e-commerce aggregators, Una uses debt funding to buy brands because it is non-dilutive). The company now has 90 team members in seven offices across the Asia-Pacific: Singapore, Australia, India, China, Indonesia and Malaysia.

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SoftBank-backed Socar, South Korea’s largest car-sharing startup, tumbles on market debut

TechCrunch

“FMS is different from car-sharing, which has been Socar’s flagship business for the past ten years, and if stabilized, it is a B2B SaaS that guarantees a high-profit ratio,” Park said. The Korean car-hailing company has set up Socar Malaysia, a 79% stake owned by SK Inc, and launched services in Malaysia in 2018 and Indonesia in 2020.

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Despite layoffs, there’s still a talent crunch in Southeast Asia

TechCrunch

” In Malaysia, regional companies still hire cross-border, but local companies have shifted back to local hiring. For example, he said there is still disproportionate demand for technology and product talent on Glints, with the ratio in job seekers’ favor. Layoffs also give startups a chance to build their core teams.

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AC Ventures reaches first close of a $250M fund for Southeast Asian startups

TechCrunch

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 has already made five investments, including SkorLife , IDEAL and Atma. ACV recently hired Helen Wong as managing partner.

Fund 83
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inFeedo gets $12M to help employers find out how their workforce really feels

TechCrunch

In total, Amber is used by 30,000 employees in Singapore, Malaysia, Indonesia and the Philippines. When you have an HR:employee ratio of 1:300, 40% of their time is spent manually tracking, collecting and analyzing feedback and it becomes humanly impossible to give employees the voice they need,” Jain said.

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Kodland, which teaches kids digital skills, grabs $9M to scale its online coding school

TechCrunch

Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,

Teach 99
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China’s Chery Auto to enter Thailand in first half of 2024: executive

TechNode

Xu declared that Thailand is one of Cherys strategic markets, along with Malaysia and Indonesia, after the Chinese manufacturer revealed plans in July to establish manufacturing facilities in the three countries as part of its expansion into Southeast Asia. Caixin, in Chinese ]