Malaysian fintech startup HelloGold shutters its consumer business
The app made use of blockchain innovation to allow clients to economize utilizing gold for as little as RM 1; Customers are given till 2nd February 2023 to withdraw their funds.
Sea Group mulls selling game maker Phoenix Labs
The plan is a part of Sea’s efforts to chop prices and deal with its core enterprise; The sale course of has not but began. Sea is reportedly in discussions with an adviser relating to the plan.
ComfortDelGro pumps US$4.3M into mobility-focused impact fund
The transport agency stated it’ll have a look at the startups focused by Shift4Good and make investments both by itself or via the fund.
Indonesian POS startup iSeller bags US$12M Series B
The traders are Intudo Ventures, KVision, Mandiri Capital Indonesia, and Openspace Ventures; With the deal, iSeller additionally accomplished its acquisition of native fee gateway Yukk.
Locad rakes in US$11M to build supply chain network across APAC
The traders embody Reefknot Investments, Entry Ventures, JG Summit, Sequoia Surge, and Febe Ventures; Locad organises end-to-end e-commerce fulfilment via its community of warehouses and transport carriers throughout SEA.
Farquhar VC to help Korean university-affiliated startups to go global
Hanyang College and Farquhar VC can even discover joint funding initiatives to take a position and scale HYUH startups globally; So far, Hanyang College Holdings has invested in additional than 50 startups.
Sinar Mas unit leads pre-series A of Indonesia’s DCT Agency
DCT Company connects firms and types to influencers for advertising campaigns and stay commerce periods on TikTok; The startup at present has greater than 500 on-line personalities on its community.
YC-backed Filipino fintech startup PayMongo names Jojo Malolos new CEO
Malolos is co-founder of GoTyme Financial institution, one of many digital banks licensed by the nation’s central financial institution; PayMongo has been below public scrutiny for the previous a number of months after a information report emerged of many scandals.
WhyQ adds US$1.1M to Series A1 to enable hawkers to go, sell online
The lead investor is Kairos FoodTech Fund of Kairos Capital; WhyQ plans to make use of the cash to develop its digitalisation platform and help the expansion of small companies in Singapore and Malaysia.
Imajin announces seed funding from East Ventures, 500, Init 6
The agency will use the cash for hiring, increasing, and growing merchandise; Imajin connects native producers with potential clients; it has to date partnered with over 500 SME producers.
‘The era of easy money is over’: Southeast Asian VCs speak
Whereas the funding winter will proceed into H1 2024, SEA stays a shiny spot on account of its beneficial demographics and provide chains shifting to the area.
Being a first-class listener will serve you best: PR expert Jon Howard
The Technique Director at Bud Communications says to be curious in regards to the different particular person’s perspective and no to fret about whether or not or not you’re the neatest particular person within the room.
How Perfect Day aims to win over Singapore’s alternative dairy market
Based in 2014, Excellent Day works on the intersection of organic engineering, meals innovation, and shopper merchandise.
Malaysia can be a global SaaS leader, says Indelible Ventures
‘Due to the low value base, we are able to truly leverage the expansion that we get right here after which flip into creating globally aggressive merchandise that may then penetrate different markets throughout the globe’, says Managing Accomplice Kevin Brockland.
Mark Cuban-backed blockchain firm Injective launches US$150M Web3 initiative
Injective goals to help developments within the interoperability, DeFi, and PoS infra sectors, amongst others; Traders within the initiative will present token and fairness investments in addition to mentorship.
Demand for Web3 talent remains amid downturn, BNB Chain says
Amid mass tech layoffs, the agency at present lists 173 roles by itself platform; BNB Chain additionally pointed to the almost 30,000 alternatives within the world Web3 house listed on-line.
How Rebase is leveraging Web3 to enhance real-world interactions
NFTs are sometimes related to digital artwork and profile footage; nonetheless, their use circumstances are greater than that; They’ve the potential to be a invaluable addition to individuals’s day-to-day actions and hobbies.
8 billion people milestone: Reaching new heights for humanity
The world’s inhabitants is at present rising at 0.83 per cent per 12 months whereas some nations have a dramatically increased inhabitants development fee than others.
—
Fundraising or getting ready your startup for fundraising? Construct your investor community, search from 400+ SEA traders on e27, and get related or get insights relating to fundraising. Try e27 Pro for free today.
The put up Ecosystem Roundup: HelloGold shuts shop; Sea mulls selling Phoenix Labs; iSeller, Locad raise financing appeared first on e27.
#asiannews #asian_news
