Korean proptech startup Rsquare raises $72M Series C to fuel its expansion
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex...
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Education startup MindX raises $3.3M to prepare Vietnamese students for tech...
Coding education platform co-founders Tung Nguyen and Ha Nguyen Vietnam’s digital economy is one of the fastest growing in the world, but the country is facing a growing shortage of IT workers. Many...
View ArticleDeskimo, the on-demand desk booking app, raises $3M and expands to Jakarta
Singapore-based Deskimo, the on-demand app that lets people find co-working spaces and pay by the minute, announced today it has raised a $3 million seed round. It is also soft launching in Jakarta,...
View ArticleSpotify finally rolls out real-time lyrics to global users
After years of ignoring consumer demand for in-app lyrics, particularly in the U.S., Spotify announced today it will make a new Lyrics feature available to all global users, both Free and Premium,...
View ArticleMonths after its Series A, Singaporean robo-advisor Endowus add $35M SGD in...
Endowus is the latest investment app in Southeast Asia to raise follow-on funding, adding $35 million SGD (about $25.6 million US) to its war chest. The round was led by Prosus Ventures, the venture...
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Southeast Asia multi-currency neobank YouTrip raises $30M Series A, will...
Singapore-based YouTrip, an online bank that focuses on making multi-currency transactions less costly and more efficient, announced today that it has raised a $30 million Series A. YouTrip founder and...
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Indonesia-focused AC Ventures closes oversubscribed $205M third fund
More investor money is flowing into Indonesia’s startup ecosystem. Today, AC Ventures, which focuses on early-stage startups in the country, announced it has raised $205 million in committed capital...
View ArticleMarkai raises $4M from Pear VC, Sea Capital and others to buy Chinese...
China has attracted yet another e-commerce roll-up to enter its gargantuan e-commerce market. Markai, founded by two Stanford business school grads, has joined the fray to buy out Chinese brands...
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Francophone African super app Gozem grabs $5M to expand and offer more services
Gozem, a super app that provides a host of services — including transport, e-commerce and financial services in Francophone Africa — has raised $5 million in Series A financing, the company confirmed...
View ArticleAlibaba undergoes major management reshuffle
Alibaba is reassigning roles to four of its executives in one of the biggest reshuffles in its recent history, the company announced on Monday morning. Maggie Wu, the e-commerce titan’s former chief...
View ArticleHong Kong fintech unicorn WeLab raises $240M to buy Indonesian bank
A virtual bank is soon coming to Indonesia. WeLab, a Hong Kong-based fintech unicorn, announced Tuesday its acquisition of Bank Jasa Jakarta (BJJ), an Indonesian commercial bank. With the deal, WeLab...
View ArticleAs Southeast Asia starts to boom, an accelerator backed by Silicon Valley...
By today’s standards, $10 million isn’t a lot of capital to invest. But Iterative, which describes itself as a YC-style accelerator focused exclusively on Southeast Asia, says the $10 million it has...
View ArticleIndonesian fintech Flip secures $48M in Series B to support expansion
Flip, an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65 million. Sequoia...
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Upmesh closes $7.5M pre-Series A, launches its livestream shopping app for...
Two months after its seed round announcement, Singapore-based startup Upmesh has raised a $7.5 million pre-Series A round led by Monk’s Hill Ventures. The new funding brings its total raised so far to...
View ArticleIndonesian insurtech startup Fuse gets $25M Series B extension to expand...
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...
View ArticleAlibaba’s Southeast Asia arm Lazada hits 130M annual consumers
Alibaba has always aspired to bring its e-commerce service to customers outside China. Its strategy is multi-thronged. The giant’s house-developed AliExpress has found success in Russia in recent...
View ArticleIndia’s Cars24, a used-vehicle sales platform, raises $400M, now at a $3.3B...
With supply chains in the automotive industry continuing to be disrupted due to COVID-19, demand has surged in the used-car market. Today, one of the startups that’s seeing a lot of growth as a result...
View ArticleSoutheast Asian startups to watch in 2022
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not only started to pay close...
View ArticleAfrican tech took center stage in 2021
Two years ago, the African tech ecosystem saw newfound attention from global players that translated to the continent’s best year of receiving venture capital. From varying sources, it is estimated up...
View ArticleSmarter Health gets $5.15M SGD to reduce healthcare costs in Southeast Asia
Organizing information from providers, insurers and patients not only takes a lot of time, but increases private healthcare costs. Smarter Health, a Singaporean-based startup, develops technology that...
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