Indian workforce management firm BetterPlace acquires MyRobin to enter SEA
BetterPlace will quickly broaden into Malaysia, Thailand, and Philippines by natural and inorganic methods; MyRobin is a blue-collar workforce fulfilment agency with an outreach of 3M+ staff in 270+ Indonesian cities.
Zomato shutters operations in Philippines
The event comes ten years after coming into its first Southeast Asian market; India-based Zomato is a web-based restaurant information and meals ordering platform that permits customers to order meals from eating places and have them delivered.
RedDoorz breaks even in Indonesia, Philippines
The hospitality startup instructed Tech in Asia that the 2 markets contributed 95% to complete income, nevertheless it didn’t expose particular particulars; The agency expects to interrupt even in all its markets by This autumn 2023.
Social music creation platform BandLab acquires beat marketplace Airbit
BandLab additionally operates digital audio workstation Cakewalk and artist providers platform ReverbNation; This deal will allow the corporate to supply “seamless entry to all main parts of music creation, promotion, and distribution”.
Ex-AngelList investor Wing Vasiksiri launches second solo fund
His first fund closed in 2020 through the COVID-19 pandemic and has since gone on to deploy into 30 seed corporations similar to Dat Bike, Skuad, and Staffinc.
Indonesia’s CoHive is officially bankrupt
The Central Jakarta district court docket has appointed a staff to handle the corporate’s property, which can be confiscated and auctioned off to repay its money owed.
Smart e-motorbike startup ION Mobility secures US$18.7M Series A
The traders embrace TVS, AC Ventures Malaysia, TNB Aura, Quest Ventures, and Monk’s Hill Ventures; The agency will use the recent capital to broaden its Indonesia staff, operations and capabilities.
Gobi Superseed II Fund invests in Durioo+, Lapasar, Paywatch, pitchIN
The Islamic-themed subscription-based streaming service Durioo+, whereas Paywatch is an earned-wage entry resolution that helps workers bridge money move gaps between paychecks.
SG politician reaffirms ‘no conflict of interest’ in new Grab role
Tin Pei Ling’s appointment by Seize has brought on some issues about potential conflicts of curiosity; Tin says that her function as a parliamentarian is “distinct” from her place at Seize.
VinaCapital invests US$1M in farm-to-business agritech platform Koina
Koina helps communities with financing, offering truthful and clear pricing, and guiding farmers on greatest practices; It is going to use the capital to broaden its gross sales channels and enhancing tech.
Grab partners with Sampoerna to digitalise more warungs
Via the partnership, Seize and its e-wallet subsidiary Ovo will combine their providers into the Sampoerna Retail Neighborhood app, which is the conglomerate’s warung-focused enterprise.
Google could reveal its ChatGPT rival this week
Google boss Sundar Pichai stated in a current investor earnings name that “very soon,” customers will get the prospect to “interact directly” with the tech titan’s personal language fashions, which comes as a companion to Google Search.
Are startups neglecting the future middle-class population in Philippines?
Large manufacturers are profitable the upscale and the tremendous mass markets, however we’re but to service the younger inhabitants that’s shortly turning center class, says Foxmont Capital.
Why January gives us reasons to be cautiously optimistic
There are various causes to fret, particularly after final yr’s waves of firm layoffs; The string of dangerous information continues as we witness notable e-commerce firms similar to China’s JD leaving the Indonesian market.
Binance returns to South Korea with Gopax stake
The acquisition was funded by the Business Restoration Initiative, a co-investment programme led by Binance; Gopax, one of many largest cryptocurrency corporations in Korea, barred withdrawals final November following FTX’s downfall.
How to find company market fit while expanding globally
The Localisation Premium evaluation instrument is your key to mapping out the large scope of potential premiums incurred when coming into new markets.
The tale of the have-yachts and the have-nots in the proptech sector
The usage of proptech can create another for builders and might mix traders into a strong shopping for group; The have-yachts have entry to highly effective funding databases that present exact market knowledge.
The 5 ‘P’s of growth companies
It’s essential for enterprise leaders to constantly be taught and improve their ability units, as they’ll change because the enterprise local weather modifications.
—
Fundraising or making ready your startup for fundraising? Construct your investor community, search from 400+ SEA traders on e27, and get linked or get insights relating to fundraising. Try e27 Pro for free today.
The submit Ecosystem Roundup: BetterPlace acquires MyRobin, ION Mobility raises US$18.7M, CoHive is officially bankrupt appeared first on e27.
#asiannews #asian_news
