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Southeast Asia’s aCommerce lands $65M led by KKR-backed Emerald Media
Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian...
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Amazon launches its Prime membership service in Singapore
Amazon is increasing its focus on Southeast Asia after the e-commerce giant launched its Prime service in Singapore. The U.S. firm landed in Singapore, its first market in Southeast Asia, in July...
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Uber lands investment from Singapore’s largest taxi operator in blow to rival...
Uber has struck a major deal in Southeast Asia after ComfortDelGro, Singapore’s largest taxi operator, announced [PDF] it has agreed to buy a majority share of the ride-hailing giant’s Singapore-based...
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Google: Southeast Asia’s internet economy is growing faster than expected
Southeast Asia is now the world’s third largest region for internet users — with more people online than the entire U.S. population — and internet is having a bigger impact on the region than...
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Techstars is launching its first accelerator program in Asia in partnership...
Techstars is bringing its global accelerator program to Asia for the first time in partnership with Japanese e-commerce giant Rakuten and its chat app Viber. The companies will run a three-month...
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Helpster, a platform for temp job seekers in Southeast Asia, raises $2.5M
Helpster, a two-year-old startup that connects blue-collar workers with employers in Southeast Asia, has closed $2.5 million in new funding. The startup operates in Thailand and Indonesia with around...
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Malaysia’s Dahmakan chows down $2.6M for its end-to-end food delivery service
Dahmakan, a food delivery startup from Malaysia that graduated Y Combinator last year, has raised $2.6 million as it begins to explore the potential to expand its business across Southeast Asia. The...
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WeWork banks on a local approach and Powered By We to crack Southeast Asia
WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore — which...
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Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai
Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap, the...
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Uber rival Grab acquires Indian startup to bulk up its mobile payment platform
Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undisclosed — will...
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Google is investing in Indonesia-based Uber rival Go-Jek
Google is back investing in ride-hailing companies. The U.S. search firm and China’s Meituan-Dianping are among the tech giants set to invest in Go-Jek, the Indonesia-based rival to Grab and Uber, a...
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Indonesia’s BeliMobilGue raises $3.7M to let consumers sell their cars...
A new startup in Indonesia wants to car owners in Southeast Asia’s country sell their vehicle with more security and reliability. BeliMobilGue — meaning ‘Buy My Car’ — was quietly started last year as...
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Rocket Internet’s Carmudi raises $10M to refocus on Asia following global...
Carmudi, a Rocket Internet-backed company that sells cars online in emerging markets, has raised $10 million to develop its business in Southeast Asia after reducing its global footprint. The company...
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Tryb Group raises $30M to develop fintech platforms for Southeast Asia
Tryb Group, a Singapore-based organization focused on fintech services in Southeast Asia, has landed a $30 million investment from Makara Capital. The investment comes from Makara’s $770 million joint...
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StoreHub lands $5.1M help SMEs in Southeast Asia digitize their business
StoreHub, a startup that helps retailers digitize their business, has closed a $5.1 million Series A round led by Vertex Venture to expand in Southeast Asia. The startup was founded in 2014 and it...
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Google confirms investment in Indonesia’s ride-hailing leader Go-Jek
Google has confirmed its investment in Go-Jek, the hail-railing service that rivals Uber and Grab in Indonesia. TechCrunch reported the investment earlier this month, which was made alongside China’s...
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Vynn Capital plans maiden $40M startup fund for Southeast Asia
Southeast Asia has a new venture capital fund on the scene after Victor Chua, formerly a vice president at Gobi Ventures, launched Vynn Capital. The Kuala Lumpur-headquartered venture is founded by...
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Uber CEO plans to ‘invest aggressively’ to compete with rivals Southeast Asia
Uber CEO Dara Khosrowshahi has distanced the company from reports that it might exit Southeast Asia and India. Currently in India on his maiden visit to Asia as Uber boss, Khosrowshahi told an...
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Is Uber selling its Southeast Asia business to Grab?
If you read the tech press, you might have seen reports that Uber is pursuing a sale in Southeast Asia that would see Grab, its Singapore-headquartered rival valued at $6 billion, acquire Uber’s...
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Sea President Nick Nash is leaving to start his own Asia-focused investment fund
Nick Nash is leaving his role as group president of Sea, the Singapore-based games and e-commerce company that went public in the U.S. last year, to start his own startup fund. Sea announced that Nash...
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