National University of Singapore
NUS partners with Indonesian universities to scale entrepreneurship in the region
The story: The National University of Singapore (NUS) is collaborating with two of Indonesia’s top universities – Universitas Gadjah Mada (UGM), and Universitas Indonesia (UI) – to foster and cultivate innovation between the two countries.
More about the story: Under these agreements, NUS, through its entrepreneurial arm NUS Enterprise, will be
offering scholarships and support for Indonesian students from UGM and UI to attend its Master of Science in Venture Creation in Singapore, as well as to jointly establish a venture creation programme in Indonesia.
Following the signing, NUS, UGM, and UI will work together closely to plan the launch of their joint initiatives within the next 12 months. Indonesian students from these universities under the scholarship will attend NUS’ Master of Science in Venture Creation in Singapore starting from 2022.
OYO raises US$660M
The story: India’s OYO has raised a debt financing of US$660 million from undisclosed institutional investors.
What the funding will be used for: Retire its past debts, strengthen the balance sheet and boost the product technology, among other things.
About OYO: A global platform that empowers entrepreneurs and small businesses with hotels and homes by providing full-stack technology that increases earnings and eases operations; bringing easy-to-book, affordable, and trusted accommodation to guests.
More about the story: According to Oyo, the offer was oversubscribed by 1.7 times and it also received commitments of close to $1 billion from leading institutional investors.
Also Read: Ecosystem Roundup: AirAsia is set to fly higher, Bukalapak looks for the largest IPO in IDX history
SCB 10X to invest in DeFi dashboard Ape Board
The story: SCB 10X, the venture arm of Thailand’s oldest bank, has announced its latest investment in Ape Board, a cross-chain DeFi dashboard.
More about the story: “SCB 10X is excited to announce our investment in Ape Board, which now has more than 350,000 users within four months of inception. This investment will further our goal of integrating traditional finance and decentralized finance by championing projects that resolve complexity and fragmentation issues in DeFi to bring a truly user-friendly experience. Ape Board will enable users, both crypto natives, and newcomers, to track all their cross-chain assets and manage portfolios in one place with features like monitoring impermanent loss,” said Mukaya (Tai) Panich, Chief Venture and Investment Officer of SCB 10X
ApeBoard currently supports more than 79 protocols across five chains, including Solana, Binance Smart Chain, Ethereum, Terra, and Polygon.
BHyve raises US$300K from JITO Angel Network, others
The story: BHyve, an India-based SaaS platform for employees, has raised US$300,000 in a funding round.
Investors: JITO Angel network, Letsventure, and other angel investors.
What the funding will be used for: Marketing, product enhancement, and growing its clientele.
About BHyve: A SaaS platform that enables organisations to document employee’s implicit knowledge and launch peer learning networks at just a click.
BHyve currently serves leading corporations from BFSI, Healthcare, Pharma, and manufacturing sectors and soon aims to enter the North American market.
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Image Credit: NUS
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