VC News Network
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Airfrov, a Singaporean online shopping app connecting buyers with travelers enters Indonesia
After operating in Singapore for one and a half years, Airfrov, an online platform connecting travelers and buyers – sees the opportunities to expand into Indonesia and compete with local players.
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Apache Zeppelin secures US$ 4.1 million Series A funding round led by Vertex Ventures
Apache Zeppelin raises a US$4.1 million Series A round led by Vertex Ventures and the former NFLabs has also revealed a new name, rebranding itself to Enterprise analytics company, ZEPL .
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Malaysian YouthsToday gets US$33,719 grant at Korean startup competition
YouthsToday.com, a platform that connects students with corporate sponsors for events has become one of the top 20 picks in K-Startup Grand Challenge, receiving US$33,719 in grant and investment.
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31VENTURES of Japan leads investment in Dronomy, the Israeli construction drone-software startup
Dronomy’s drone-based solution that helps construction companies enhance their site management and project control by building knowledge into their projects succeed in securing an undisclosed investment led by Mitsui Fudosan’s 31VENTURES.
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Singapore Ruvento Ventures raises US$25 million seed funding to invest in hardware startups from Singapore, China, and the United States
Ruvento is announcing a new US$25 million seed fund for hardware startups in need of capital from Singapore China and the United States.
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Temasek Holdings to take stake in Oxford Sciences Innovation
Temasek Holdings Pte, Singapore’s state-owned investment fund, said it has become a limited partner in Oxford Science Innovation. The financial terms of the investment were undisclosed.
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JP Morgan Arm to invest US$ 30 million in Assetz Property Group
JP Morgan Asset Management invests Rs 200 crore (about US$ 30 million) in Assetz Property. The capital will be used to build an 18.5 acre residential project in north Bangalore.
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Indonesian coal producer Bumi Resources to restructure debt, paring down US$ 2 billion via Preemptive Rights offering
PT Bumi Resources Tbk (BUMI) will issue new shares worth US$ 2 billion. The maneuver was carried out by Bumi Resources to repay its debt to China Investment Corporation along with eight other investors.
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Singapore’s Senjo Group invests US$1.2 million in B2B startup Tjaara that is to launch in Middle East
Senjō Group announced that it has partnered with Tjaara, investing US$1.2 million in the Singapore-based B2B marketplace that connects small to medium-sized wholesalers to a network of Mandarin-speaking manufacturers.
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Thai F&N to purchase 5.4% stake owned in Vietnamese major Vinamilk for US$500 million
F&N owned by Thailand’s richest man, Charoen Sirivadhanabhakdi is to acquire Vietnam Dairy Products JSC (Vinamilk) to expand its market share in Southeast Asia, against Coca-Cola and Pepsi.
