Southeast Asia
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Business
Vertex Ventures hits $230M first close on new fund for Southeast Asia and India
Tis the season to be raising in India and Southeast Asia. Hot on the heels of new funds from Strive…
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PayPal shutters Malaysia office as part of customer service reorg
Payment giant PayPal has closed its office in Malaysia as part of a restructuring of its customer support teams. The…
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Trends
Singapore’s Credit Culture raises $29.5M for its soon-to-launch digital loan business
Singapore’s digital fintech companies are attracting investor attention and dollars in 2019. Fresh from Singapore Life — a digital-only insurer…
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Trends
Sequoia goes after early-stage with an accelerator program in India and Southeast Asia
Sequoia India is going deep into early-stage investing after it announced an accelerator program, Surge, which is focused on fledging…
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Trends
Warung Pintar raises $27.5M to digitize Indonesia’s street vendors
The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels…
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Finance
Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion
Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t…
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Trends
Grab moves to offer digital insurance services in Southeast Asia
Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last…
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Trends
LetsTransport raises $13.5M to digitize and improve last mile logistics in India
India’s B2B supply chain is slowly shifting into the digital era. Following a $23 million investment for Moglix, which helps…
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SoftBank’s Vision Fund is preparing to invest $1 billion in Grab
SoftBank’s Vision Fund is set to continue its recent spree of investments in Asian tech unicorns. The mega fund —…
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Trends
Facebook purges more ‘bad actors’ in Myanmar but it still won’t commit to a local office
As Facebook continues to grasp the severity of the situation in Myanmar, where the UN has concluded that its social…
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