Solarvest Holdings Berhad, a prominent distributor of clean energy in Malaysia, has officially announced the selection of five grant recipients for the Seed Grant Round of Solarvest Innovation Lab 2023 (SIL 2023). The selected winners, Irradisol, Flumen, DespaQ, Hydrozon, and Hexacycle, were chosen from 30 applicants who have participated in the program since its launch […]

Grab has recently announced the recent appointment of Adelene Foo as the new Managing Director of Grab Malaysia. In a statement, Grab, a leading everyday superapp in Southeast Asia, said that Foo is tasked to oversee the implementation of their business strategies and operations in Malaysia. Foo, who has been with Grab for 10 years […]

WhyQ’s plan to focus on improving their existing products and developing new ones to help small businesses better compete in the digital economy received a boost after it raised $1.4 million (RM4.6million) from the extended Series 2 of its funding round. The digital innovation startup got the support of Kairos FoodTech Fund of Kairos Capital […]

COLABS becomes Pakistan’s only venture-backed collaborative workspace by a $3 million investment. The round was led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. It is the first time these three leading Pakistan focused VCs are investing together in a startup. The round was also joined by Shorooq Partners, Kinnow Capital, and some […]

Scaling platform for growth-stage startups xto10x Technologies has raised US$25 million in its Series A financing round led by Flipkart’s co-founder Binny Bansal. The round also saw participation from 28 founders and senior leaders from the startup ecosystem in India and Southeast Asia. xto10x will be using the funding to ramp up its three core […]

Indonesia’s largest digital ecosystem GoTo Group announced that it has raised $1.3 billion in its pre-IPO fundraising. The fundraising was backed by a number of investors, including the wholly-owned subsidiary of the Abu Dhabi Investment Authority (ADIA), Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital Group, SeaTown Master Fund, Temasek, Tencent, […]

South-East Asia’s thriving tech ecosystem has drawn attention from investors around the world. With increasing internet and smartphone penetration, about 400 million internet users, and fundraising unimpeded by the pandemic, the startups are doubling down on the region. The startups in the region raised more than $8.2 billion in the year 2020 which was about […]

Singapore has maintained its 5th position in Asia and 17th position globally as a startup ecosystem, according to the Global Startup Ecosystem Report (GSER) 2021. The GSER report ranks cities against six success factors – Performance, Funding, Connectedness, Market Reach, Knowledge, and Talent. Similar to 2020, the report shows that the city-state performed well in […]

917Ventures, the venture builder unit of Philippine telecommunications major Globe, has invested about $150,000 in total in three local startups. In a statement, 917Ventures said it has invested 2.5 million pesos ($50,000) each in startups KodeGo, Fanlife, and BentaTV to put their businesses to reality. Both Fanlife and KodeGo joined 917Ventures’ three-month Velocity Bootcamp last […]

Surge, Sequoia Capital India’s rapid scale-up program in Southeast Asia and India has launched its fifth and largest cohort of 23 early-stage startups with a $55-million funding from Surge and co-investors. Notably, the latest cohort of startups from Southeast Asia and India include 10 women founders, the most since Surge first started two years ago […]