Ohmyhome files for up to US$16.5M IPO in the US
The company is looking to offer 3.3M shares at a price of between US$4 and US$5 apiece; In the filing, Ohmyhome said it logged US$2.4M in revenue for the six months that ended June 30 this year, up from US$1.7M in 2021.
Indonesian agritech firm Sayurbox cuts 5% of staff
The agritech company said that the decision is one of its efforts to solidify ‘financial independence’ and ‘sustainable long-term growth’; Sayurbox is a farm-to-table distribution platform for fresh produce.
Vietnam EV maker VinFast files for US IPO to fuel global expansion
It hopes to compete with legacy automakers and startups in the US with its two all-electric SUVs, the VF8 and VF9, including battery leasing to reduce the purchase price.
Singapore-based Glints lays off 198 (18% of) employees
The decision is based on ‘market conditions and business priorities’; The development comes after the startup raised US$50 million in a series D funding round in August.
Animoca Brands acquires US-based music metaverse company Pixelynx
Pixelynx creates a physical and digital ecosystem for artists and fans by building products that blur the lines between music, gaming, and Web3; Animoca invested in Pixelynx’s seed round in Dec 2021.
ShopBack bags US$30M to close Series F round at US$200M
The investor is Australia’s Westpac Banking Corporation; ShopBack plans to launch new products for users, develop growth and payments solutions for merchant partners, and expand into new markets.
Osome rakes in US$25M Series B to grow its accounting solutions beyond SG
The investors include Illuminate Financial, AFG Partners, and Winter Capital; Osome helps SMEs set up through a simple platform with easy-to-use software and an expert accountant to take care of financial admin.
Temasek-backed Haulio acquires Indonesian logistics startup Logol
Haulio makes moving containers on land more efficient, whereas Logol streamlines data entry for logistics players, enabling shippers and haulers to connect to others within the supply chain.
SG crypto firm Amber Group lays off hundreds of staff
This news comes after the firm was reportedly seeking funding at a valuation of US$10B in May; It last raised US$200M in February this year; The group previously cut 30-40% of its headcount in September.
BAce Capital advises founders to chase value, not valuation
Managing Partner Benny Chen suggests that all founders review their cost structure and improve operational efficiency; Founders should also consider how an economic crisis affects their competitors.
UnaBiz raises more funding to close Series B round at US$50M
The investor is Japan’s Toyota-backed SPARX Group; The IoT firm will invest the capital in R&D to enhance the core low-power 0G capabilities and enable cost-effective long-range connectivity dedicated to very low-value assets.
Malaysia’s Paywatch bags US$9M for Philippines, HK expansion
The investors include Third Prime, Hana Ventures, and Parkwood Corp; The earned wage access service company claims its solution has reached a 50 per cent engagement rate among its Malaysian users this year.
IMDA launches US$3.7M fund for SG media industry
Virtual Production Innovation Fund aims to support the media industry in harnessing virtual production tech, which uses LED screens powered by a video game engine to create realistic backgrounds for TV or movie production.
FinAccel adds former Slack CFO to board
While at the professional messaging platform firm, Allen Shim helped build Slack’s finance and operational function and oversaw the acquisition of Slack by Salesforce.
Why blockchain is instrumental for the future of trade finance
Conducting transactions through blockchain entails digitalising the documentation created, exchanged, and processed by the various stakeholders in a supply chain.
Binance in talks to acquire ID crypto exchange Tokocrypto
Sources said Tokocrypto will likely see layoffs following the takeover; In September, the Indonesian firm laid off 45 employees or about 20% of its workforce.
Ex-Binance execs’ investment firm OFR backs HK Web3 platform Sprout
Sprout combines on-chain and off-chain ownership information for equity, token wallets, cap tables, and team compensation on a central platform; In March, Sprout raised US$3M in seed capital.
A strategic sale or IPO likely over the next 3-5 years: Igloo CEO Raunak Mehta
CEO Raunak Mehta says Igloo is evaluating several M&A opportunities across SEA and looking at closing multiple deals over the next year.
‘Bring your most authentic self to the table whether at home or work’
CEO and Head of School at NewCampus Will Fan talks about his journey of building the next hundred-year-old brand; Finding authenticity may take five, ten, or twenty years; Don’t rush it.
How I dealt with the biggest betrayal of my entrepreneurial life
I’m not a high-growth startup Founder, but I’m sure many could identify with my journey and struggles just the same: Yuhwen Foong, Founder at SushiVid.
How to get more constructive (negative) customer feedback and why
Negative feedback is necessary to help you understand how your customers actually feel and the areas where your business can improve.
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The post Ecosystem Roundup: VinFast, Ohmyhome file for IPO in US; Sayurbox, Glints, Amber Group cut jobs; ShopBack raises US$30M appeared first on e27.