Investors continue to be bullish on Indonesia’s resilient agritech sector The sector attracted a flurry of small-sized deals throughout 2022, indicating strong investor appetite; At least 13 deals were made in the sector last year; Equity investments in the sector reached over US$220M. Lighthouse Canton bags US$19.1M in first close …

PasarPolis Founder and CEO Cleosent Randing Southeast Asia’s insurance penetration is approximately 1.2-3.4 per cent of the GDP across the different countries (barring Singapore). Low insurance literacy level is one reason for this sluggish growth.  “Many people in the region aren’t aware of the importance of insurance and may have …

Singapore robotics firm LionsBot scores US$17M Series A The buyers are TransLink Capital, Superteam APAC, and Freny Firoze Irani; LionsBot develops cleansing robots for business purposes; Its predominant providing LeoBot can vacuum, scrub and work together. Jack Ma to give up control of Ant Group Ma controls Ant by means …

[L-R] Alterpacks Co-Founders Herbin Chia (CFO), Karen Cheah (CEO), and Steven Tan (COO) Throughout her travels, Karen Cheah witnessed individuals choking below the load of meals waste and litter from plastic containers. She sniffed a multi-million alternative there. “I sensed that we might create meals containers from this rubbish that would substitute plastic …

Co-Founder and CEO Sheji Ho (excessive proper) with the opposite founding group members of HD Born in China, Sheji Ho grew up within the Netherlands and labored within the US, China, and Southeast Asia. Throughout his years of keep in these nations/areas, he, as a affected person, skilled first-hand their …

Sam Tansakul, MD, Krungsri Finnovate Thai VC Krungsri Finnovate lines up US$43M for startup funding in 2023 The fintech VC goals to launch an US$8M early-stage fund by Q2 2023; It would allocate one other US$8M to Finnoverse (devoted blockchain fund) and US$28M to Finnoventure (PE fund). JD.com’s Richard Liu …

A Clearbot UAV A number of years in the past, Sidhant Gupta, an ocean lover, and Utkarsh Goel, a techie, visited Bali, Indonesia, as a part of their course on the College of Hong Kong. Miffed by the rising the ocean plastic air pollution within the archipelago, a high contributor …

41 VCs commit to invest US$1.5B in VN startups by 2025 The buyers embody Altara Ventures, Golden Gate, Antler, Beenext, Cocoon Capital, and VinaCapital; As per DealStreetAsia analysis, native companies raised US$2.5B in 2021 in comparison with almost US$380M in 2020. Singapore’s crypto firm Amber raises US$300M Series C The …

Physician Wherever Founder and CEO Lim Wai Mun In the present day, Singapore-headquartered healthtech firm Physician Wherever (DA) introduced the acquisition of Asian Healthcare Specialists (AHS). A Catalist-listed built-in healthcare supplier, AHS is a gaggle of 14 medical specialists with a patient-first method and imaginative and prescient to make specialised care …

Alipay-backed Chope lays off 65 employees The layoffs by the restaurant administration startup affected 38 from the city-state and 27 throughout its different markets in Asia; Ziaudeen stated the corporate has been affected by “fast-changing financial circumstances” in the previous couple of months. Doctor Anywhere acquires AHS, adds US$38.8M to …