GoTo set to raise more than US$2B in private placement
The company is set to issue around 10% of its current paid-up capital; The funding would be used to support the company’s working capital and its subsidiaries, such as Tokopedia, GoPay, and GoTo Financial.
Zilingo CEO slams decision to fire her
Ankiti Bose said she will pursue her rights against the “witch hunt” hours after she was ousted as the CEO; Bose said Zilingo had appointed Kroll, an investigation and risk management firm, to probe into her harassment claims.
The 27 Web3 startups in Singapore that show crypto is more than Terra Luna and stablecoins
Web3 is drawing significant attention worldwide and Singapore is one of the best markets for the domain to take off; At e27, we are giving the limelight to the advocates of the Web3 ecosystem and throwing light on their journey and becoming.
After Terra and Luna crashes, regulators count cost of crypto
Investors in Singapore have filed police reports, although authorities have yet to make any move; Singapore’s response could set a precedent as the social and economic costs of poorly managed projects come into sharper focus.
General Atlantic eyes US$2B for SEA, India startups
The market for startups, especially in India, is going through a rough patch; After raising a record US$35B in 2021, founders are struggling to attract cash, sparking fears of lower valuations and forcing some to cut jobs.
Singapore’s Near to go public via SPAC deal with US$1B market cap
This follows a merger with publicly traded special purpose acquisition company KludeIn I Acquisition Corp; The deal is expected to generate US$268M in gross proceeds.
Singapore’s MatchMove acquires Shopmatic in US$200M deal
After the acquisition, Shopmatic’s merchants will be able to accept payments through MatchMove’s service; The combined entity will operate under the MatchMove Group name while retaining their brands for now.
South Korea fines Terra US$78M in taxes: report
This comes after an investigation in June 2021 saw Terra evaded corporate and income tax by setting up shop in Singapore and the Virgin Islands; It also reportedly transferred Bitcoin and Luna through Terra Singapore and Terra Virgin to Luna Foundation Guard.
Singapore metaverse firm Bud bags US$36.8M in Sequoia-led round
Other investors are ClearVue Partners, GGV Capital, and Qiming Venture Partners; BUD lets users create bulbous 3D characters, cutesy virtual assets and richly coloured experiences through drag-and-drop and without any coding.
Freshket raises US$23.5M in Series B funding round to further expand in Thailand
Investors include Thai oil firm OR, Openspace Ventures, Betagro Holding, ORZON Ventures, and Volta Circle; Freshket aims to provide the food business and its customers with access to fresh produce that was sourced from local farmers and suppliers
Microsoft VC-backed AI mapping firm NextBillion.ai bags US$21M Series B
Investors are Mirae Asset, Microsoft’s M12, Lightspeed Venture, and Alpha Wave Global; NextBillion’s platform allows its clients to develop, scale, and take control of their mapping ecosystem.
Base.vn founder’s new SaaS startup True Platform attracts US$3.5M seed funding
Investors include January Capital, Alpha JWC, Beenext, FPT Corporation; True Platform plans to launch Success.net, a customer-centric platform to help companies accelerate sales and services, and Rework.com, an operation platform to help companies work together.
SG Web3 firm Voyage Finance bags US$1M to offer loans for gaming guilds
Investors include Delphi Ventures, BlockchainSpace, PathDAO, DeFiance Capital’s Darryl Wang, and YGG’s Gabby Dizon; Voyage Finance helps play-to-earn guilds obtain a mortgage of up to 3x their treasury and scale gaming asset inventory.
Grab launches new financial services brand
Called GrabFin, the brand will serve as a single entry point for users to access digital payments, insurance, lending, and wealth management offerings on the Grab app.
MDEC launches two tech grants GTG and 4IRCG
The 4IRCG helps technology solutions providers to co-create, problem-solve, innovate, and deploy 4th Industrial Revolution solutions in partnership with an end-user.
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