Blibli CEO Kusumo Martanto
Indonesian e-commerce firm Blibli inches closer to IPO
The firm looks to raise US$400M in IPO later this month or early Sept 2022; As part of the plan, Blibli and Tiket.com will merge and conduct the IPO together as one group.
Insignia Ventures raises US$516M for its funds; bullish about web3, climate-tech, healthcare in SEA
The VC firm says its enterprise value is over US$46B on US$304.9M of invested capital, with a loss ratio of less than 2 per cent; It has backed 50+ companies, including Carro, Ajaib, Appier, and GoTo.
A new set of founders will emerge in Indonesia amid funding winter: Vertex Ventures
Senior exec Joshua Agusta said investors may be selective in their investments and have adjusted their expectations of the returns; A lot of growth-stage startups will need longer time to fundraise and that too at moderate valuations.
Botsync’s automatic mobile robots want to lift APAC’s logistics sector to the next level
Botsync’s MAG AMRs can autonomously navigate the operating site to transfer loads of up to 1,500 kg, utilising the base map and multiple integrated sensors.
Jack Ma may let go of Ant Group control
He controls 50.52% of the company’s shares through an entity called Hangzhou Yunbo Investment Consultancy; The business tycoon may cede control by transferring some of his voting powers to Ant executives, including CEO Eric Jing.
B Capital was the top investor in troubled crypto exchange Zipmex
The Thai startup has so far raised a total of US$65.3 million from investors across four rounds; Last week, Zipmex briefly suspended withdrawals following its US$53M exposure to the troubled crypto lenders Babel Finance and Celsius.
SG-founded cybersecurity firm Acronis secures US$250M funding
BlackRock is reportedly one of the backers; The firm offers cyber protection solutions covering backups and protection; Acronis is currently HQed in Switzerland with 34 offices worldwide, catering to 750K businesses across 150+ countries.
SG’s scion Kiat Lim’s Towerhill buys Vulcan Post parent Grvty Media
The acquisition comes as Grvty Media is still recovering from the aftermath of the COVID-19 pandemic; The deal will give the media firm access to services from Kiat’s portfolio companies.
Creador leads US$11M round of Filipino digital bank player UnoAsia
UnoAsia aims to serve 45 million underbanked people in the Philippines; It also plans to set up digital banks in other countries in South and Southeast Asia, making the firm a regional player in the next few years.
Axie Infinity head moved millions in game tokens before transaction freeze
Axie Infinity developer Sky Mavis confirmed Bloomberg’s analysis of public data that linked the wallet of CEO, Trung Nguyen, to a large transaction of about US$3M in Axie’s AXS tokens to crypto exchange Binance.
SG DeFi firm OrBit Markets raises US$4.6M in Matrixport-led round
Investors include Matrixport, Brevan Howard Digital, New Form Capital, Maven 11, and Westridge Markets; OrBit designs quantitative models and risk engines to create crypto-based financial solutions.
Packworks bags US$2M to launch m-ERP platform for Filipino sari-sari stores
Investors include Fast Group, CVC Capital, ADB Ventures, Arise, Techstars, and IdeaSpace Foundation; Packworks enables store owners to process their business inventory, bookkeeping, and data collection through The Pack: SuperStore App.
Insitor Partners leads Cambodian agritech startup’s pre-series A round
Azaylla provides supply chain solutions for farmers, helping them process and distribute fresh produce worldwide; It also plans to launch an online B2B platform that incorporates consumer insights, market data, and curation.
The post Ecosystem Roundup: Blibli inches closer to IPO, Insignia raises US$516M for Fund III, Jack Ma may let go of Ant Group control appeared first on e27.