LINE MAN Wongnai CEO Yod Chinsupakul
Interpol issues Red Notice for Terra co-founder Do Kwon
The development follows the collapse of the Terra blockchain, leading to losses amounting to millions; This prompted an arrest warrant issued by a Korean court for six individuals, including Kwon, for violating its capital market laws.
SG’s Golden Equator partners with Snoop Dogg’s son for Web3 fund
Golden Equator is raising up to US$50M for a Web3 fund in partnership with Dogg’s son Cordell Broadus; The Welcome To The Block Fund will target early-stage businesses, specifically, startups focused on CeFi, DeFi, and Web3 infrastructure.
DBS launches crypto trading for accredited investors
With a minimum investment of US$500, users can now trade Bitcoin, Ethereum, XRP, and Bitcoin Cash on DDEx; This feature is linked with DBS digibank, allowing funds of clients to be directly debited for DDEx transactions.
Binance seeks Japanese operating license
The crypto exchange, which withdrew from Japan due to a lack of a permit four years ago, now seeks a license to operate in the country in light of the pro-Web3 agenda of Prime Minister Fumio Kishida.
What ST Chua is looking forward to during his stint in Ikano Insight
ST Chua gives us a look into what excites him the most about his new role, where he will be leading Ikano Insight’s growth in Southeast Asia.
Foodtech firm Line Man Wongnai joins Thailand’s unicorn club
The Thai food delivery company raised US$265M Series B led by Line Corporation and Singapore’s GIC; The investment will be used to expand its service categories, recruit tech talent, and improve its tech infrastructure.
Temasek leads Chinese cloud startup Well-Link’s US$40M round
Well-Link, which counts Xiaomi and gaming company MiHoYo among its previous investors, sees this round as a doorway to expanding overseas; Well-Link looks into how its cloud rendering tech can be used in virtual reality projects.
Malaysian industrial drone firm Aerodyne raises US$30M
Investors are Petronas and KWAP; Aerodyne will use the capital to expand into Europe, Africa, LatAm, and South Asia and bring its solutions to Indonesia and India.
Philippine HR and payroll firm Sprout Solutions acquires Linnia
Linnia is a process automation platform that helps Sprout users automate repetitive HR tasks and procurement efforts; The acquisition will allow Linnia to shift its focus to building a marketplace for AI-focused APIs.
Cloud kitchen startup CloudEats raises US$7M led by Nordstar
The startup will use the new funds for regional expansion and the development of its brands; On the back of its successful Vietnam launch, the company is looking to open a third market in H1 2023.
Malaysian fintech firm Revenue Monster raises US$6.5M in PE funding
The lead investor is The SEA Capital; The Revenue Monster’s has raised US$6.5M in total funding; Its products include online store front solution À La Carte, payment terminals, and an e-commerce payment gateway.
Malaysia fintech firm Instapay banks US$4.75M
The investors are ACA Investments and Spiral Ventures; Instapay provides payment solutions in the form of an e-wallet and linked prepaid Mastercard; It also has a payroll solution that enables companies to pay employees their salaries via the Instapay e-wallet digitally.
Wavemaker General Partner Gavin Lee said to be quitting
Lee, with 8 years at the VC firm, is the longest serving member; He is currently on a sabbatical leave is re-assessing his next career move; The VC firm is also understood to have selected one or two partners.
Venturra Managing Partner Rudy Ramawy passes away
Before founding Venturra, Ramawy was the founding Country Director of Google Indonesia; He founded Venturra in 2015, along with Lippo Group Director John Riady and former Rocket Internet Managing Partner Stefan Jung.
‘Events like Echelon are important during tough times because there’s strength in unity’
When people get together, we can encourage each other to keep going and provide support, says Genesis Alternative Asia Partner Martin Tang.
A Founder’s journey from sewing machines to blockchain gaming
Blockchain gaming is here to stay; with the help of Playfix, more game developers can prepare for the future.
How to make AI accessible for businesses
With the multitude of considerations involved with AI adoption, what was deemed a task just for experts is now an essential concept for all.
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Echelon 2022 aims to provide intimate and focused discussions on key topics and business matching services to facilitate business-driven connections during the two-day event. e27will curate and invite key stakeholders of startups, investors, corporates, and ecosystem enablers to drive towards fruitful business outcomes at Echelon.
The 2022 Echelon edition will be co-located with SWITCH at Resorts World Sentosa from 27 to 28 October 2022. Learn more here.
The post Ecosystem Roundup: Line Man Wongnai turns unicorn, Aerodyne nets US$30M, Interpol notice for Terra co-founder appeared first on e27.