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Latest news on private equity (PE), venture capital (VC), inbound & outbound deals, IPOs, mergers and acquisitions (M&A), and startup ecosystem across Asia.
SOCAR, a car-sharing platform headquartered in South Korea but operates primarily in Malaysia, has secured US$18m in Series A funding from Korean investors.
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Vietnam’s online recruitment platform, Transcendental Human Resources JSC, known locally as Sieu Viet, has raised US$34 million from Singapore-headquartered private equity firm Affirma Capital to finance its expansion plans.
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Indonesia-based Eureka AI has raised US$20 million in its Series B funding round co-led by Apis Partners, Gobi Partners, and others.
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Nepal’s largest food delivery platform, Foodmandu, is expanding to more areas in the country after raising fresh yet undisclosed amount of funding from local private investment fund Team Ventures.
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GrabWheels, the new mobility arm of Singapore-headquartered ride-hailing giant Grab, announced raising US$30 million in fresh funding from Kymco, Taiwan’s electric vehicle leader.
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Australia-based global video creation platform Clipchamp has launched its presence in the US after raising US$8.8 million in its Series A funding round.
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US-based flower and plant delivery startup The Bouqs Company has raised US$30 million in growth financing led by new investor Yamasa, a multi-national enterprise business based in Japan.
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Tokyo-based financial group SBI Holdings Inc has invested US$20 million in Israeli application programming interface (API) integration and software program administration firm OpenLegacy Technologies Ltd.
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StyleShare, an app-based fashion discovery platform based in Seoul, South Korea, announced raising ₩25 billion (US$21 million) in its latest funding round.
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WorkTech, Hong Kong’s co-working ecosystem operator, is raising US$15 million from asset management firm Raffles Family Office (RFO) at a US$100 million valuation.
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Sunseap, a renewable energy solutions provider based in Singapore, raised S$50 million (US$37 million) in funding from investment firm Temasek and private equity fund ABC World Asia.
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Bizongo, a Mumbai-based online business-to-business marketplace for packaging, has secured US$30 million in its Series C funding round led by Switzerland-based hedge fund Schroder Adveq.
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Malaysian e-commerce and logistics service provider Epost announced Thursday that it has raised US$700,000 in a Vynn Capital-led seed funding round.
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Joosk Studio, a Myanmar-based digital animation company, has raised a six-figure investment in a funding round led by Vietnam-based venture capital firm Nest Tech VN.
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Kristal.AI, a Singapore-based investment technology (investech) startup, is expanding its technology to more countries in Asia after raising US$6 million in its Series A funding round.
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TurtleTree Labs, a Singapore-based startup that creates the full nutritional content of milk with no cows needed, raised pre-seed funding.
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