aCommerce
E-commerce enabler aCommerce files for IPO in Thailand
aCommerce plans to list its shares on the main board of the Stock Exchange of Thailand and looks to sell up to 40 per cent of its shares; It has appointed Siam Commercial Bank as is its lead underwriter; To date, aCommerce has secured US$118.8M in venture funding.
Grab to buy Malaysia’s Jaya Grocer
Grab has agreed to buy all the ordinary shares and 75% of the preference shares of Jaya Grocer; The retail grocery store started back in December 2007 and has since grown to run 40 stores across Peninsular Malaysia, according to Grab.
Indonesia to launch US$300M Merah Putih Fund for ‘soonicorns’
Merah Putih Fund is backed by state-owned enterprises; Some of its initial investors are Mandiri Capital, BRI Ventures, MDI Ventures, and Telkom Mitra Inovasi; GudangAda, Kopi Kenangan, SiCepat, Social Bella, Ruangguru, and 20 more firms are estimated to be soonunicorns.
HK accelerator Brinc lands US$130M funding led by Animoca Brands to foray into Web3
Brinc will launch new blockchain-focused accelerator programmes across culture, music, art, collectibles, gaming, decentralised finance and data; In 2021, Brinc and Animoca jointly unveiled the blockchain and NFT accelerator Launchpad Luna, which is in the process of funding 30 Web3 firms.
‘Bloomberg for digital assets’ Nansen bags US$75M Series B
Investors are Accel Partners, GIC, a16z, Tiger Global, and SCB 10X; Nasen helps investors make informed decisions around project discovery, due diligence, and trading; It analyses on-chain data points, wallet labels, and entities on blockchains such as Ethereum, Polygon, Binance Smart Chain, Fantom, Avalanche, and Celo.
Vulcan Capital leads social music platform BandLab’s US$53M Series B round
K3 Ventures and Caldecott Music Group also participated; BandLab is a next-generation social music creation platform, which supports creators of all kinds of sophistication levels, from first-time creators to Grammy-winning producers.
Binance, MDI Ventures form JV to set up new crypto exchange in Indonesia
Binance will provide asset management infrastructure and technology to support the development of the new exchange platform; Last year, Binance acquired a controlling stake in Tokocrypto, a government-approved platform for trading cryptocurrency assets in Indonesia.
Bukalapak, BRI Ventures back Yield Guild Games SEA’s US$15M financing round
YGG SEA will support locally developed play-to-earn games in Malaysia, Indonesia, Vietnam, Singapore and Thailand; So far, YGG SEA has helped more than 2,500 players and investors in the region to generate additional revenue streams, including over 600 in Thailand.
1982 Ventures hits US$12.5M initial close of Fund I, to back 30 seed-stage startups
Its investors include US-based Carta, Genting Group’s venture arm, First Close Partners, and Trihill; 1982 Ventures, which targets to raise a total corpus of US$15M, has already invested in 11 companies, including Brick, Infina, Homebase, Bluesheets, and Wagely.
YouTube co-founder, Alpha JWC, AC Ventures back Otoklix’s US$10M funding round
Otoklix allows vehicle owners to discover services at any recommended independent workshop nearby and receive a warranty for any transactions at its partner workshop in Indonesia; It plans to establish its own O2O managed flagship workshops throughout Indonesia.
Sustainability-focused social commerce startup abillion nets US$10M Series A
Investors include 1/0 Capital, Mamoru Taniya and Bradley Busetto; The startup plans to build a P2P marketplace within the abillion app that enables consumers to sell sustainable products and services to each other.
Reciki raises funding from Circulate Capital to set up new waste management facilities in Indonesia
Reciki recovers and distributes almost all materials: high-value plastics, low-value plastics, organic waste and other recyclables; With the new funds, Reciki plans to set up several more facilities across Indonesia, with the ambition to process more than 1,000 tonnes of waste per day.
East Ventures backs Indonesia’s data-powered supply chain solution startup Praktis
Triputra Group also participated; Praktis helps D2C brands manage their backend operations, covering sourcing and production activities, logistic and fulfilment, and order management systems.
Foodpanda, HungryPanda brawl over trademark dispute
Foodpanda said that HungryPanda’s trademarks are visually similar to that of its own; The former added that the panda visual is distinct for Foodpanda because of heavy advertising and its usage over a long period.
Women-only social media startup Eve World buys SG femtech firm Femcy
Femcy offers a digital solutions platform for Asian women to improve their menstrual health; Eve World, scheduled for a public launch by the end of Q1 2022, will feature multi-format content and communities around women-centric issues, along with elements like social commerce, e-commerce, and brand stores.
Zoomcar to pump US$25M into Philippine launch
The startup has picked Gene Angelo Ferrer, the former country manager of logistics firm MrSpeedy, as its country head; Earlier this month, the firm launched its operations in Vietnam; This rollout is part of its US$100M expansion plan into the SEA market for the next 2-3 years.
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The post Ecosystem Roundup: A US$300M govt. fund for Indonesian soonicorns; aCommerce files for IPO, Brinc nets US$130M funding appeared first on e27.