GoTo may raise up to US$2B in IPO at US$31-42.7B valuation
In a document, GoTo said it expects significant growth from 2022 to 2024 in terms of GTV; All eyes are on GoTo’s proposed listing after e-commerce giant Bukalapak became the first unicorn to make its public market debut on the local stock exchange last year.
Singapore’s Insider turns unicorn after US$121M funding
Qatar Investment Authority committed US$100M to the round; Insider enables brands to predict customer behaviour using AI and deliver personalised experience across multiple devices and channels.
CTO Corp, Bukalapak to launch US$69.7M e-commerce grocery JV
Bukalapak is understood to have about a 35% stake in the venture AlloFresh; AlloFresh is understood to have secured a US$20M investment from Growtheum Capital in exchange for a 10% stake.
SPH to sell SgCarMart for US$118M to Toyota consortium
The report comes days after SPH Media Trust, which was spun off from SPH in 2021 as a nonprofit, said it will get funding of up to US$132M from the Singapore government annually for the next five years.
Indonesian agritech startup TaniHub closes 2 warehouses, lays off employees
The company has decided to focus on its B2B segment, which includes hotels, restaurants, and modern trade retailers; It has also stopped selling fresh produce directly to customers.
Animoca invests in Hong Kong NFT platform UCOLLEX’s US$10M Series A
MCP IPX One Fund also co-invested; The UCOLLEX platform caters to the next-generation creators by making their NFT artwork available to toy and pop culture collectors; It also enables creators to build their fanbase economy.
Singapore DeFi startup DeZy raises US$2.2M pre-Series A funding round
Investors are Leo Capital, Iterative Capital, and angels; DeZy enables users to convert their cash into dollar-denominated stable coins, which are deposited across a range of DeFi protocols.
SpaceAge Labs nets US$1.25M to take its remote monitoring, IoT solutions to Aus, US
Investors are Silicon Solution Partners (lead) and SEEDS Capital; SpaceAge Labs carries out operations and maintenance of remote and distributed assets by collecting asset data using low power, long-range wireless IoT devices
Singapore ideal hub for expansion of Southeast Asian tech
The nation acts as ideal for cross-regional expansion because of its international reputation and government initiatives to cultivate investment, talent, and connections; It is home to over 600 investors and 200 accelerators and incubators.
DOST, Digital Pilipinas (DP) to build decentralised innovation centres
The agreement came a month after DP sealed a tripartite collaboration with Mapúa University and the DOST-PCIEERD to launch the Think and Tinker Laboratory – Technology Business Incubation (TBI) programme in promoting academe-industry-government collaboration.
TikTok Shop enters Thailand, Vietnam, Malaysia
TikTok Shop allows locally based consumers to buy a wide array of goods while also offering businesses more opportunities to make sales via the app; TikTok also performed A/B testing in Indonesia earlier this month.
YGG SEA enters Vietnam, plans more offices in region
The sub-decentralised autonomous organisation has already set up shops in Malaysia, Thailand, and Indonesia; The guild said that YGG SEA participates in more than 30 games, including Axie Infinity and Starsharks.
Fast-growing e-commerce fuels delivery service boom in Vietnam
The pandemic has given a remarkable push for the revolution of e-commerce, with 4 leading online marketplaces reportedly expanding around 8-50% last year; There was a significant surge in the number of orders on e-commerce sites between June-September.
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