Startup
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Cradle Fund launches CIP300, to wean early-stage startups off grants and commercialise their products
The investment product CIP 300 from Malaysia’s early stage startup influencer Cradle Fund will focus on helping early-stage startups commercialize their products.
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Singapore fintech startup 4xLabs raises US$1.5 million in funding from Dymon Asia, OSK Ventures
4xLabs provides Biz4x that helps money changers improve their topline by helping them acquire new business, optimize price setting, and scale their business.
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Indonesian laundry service provider Ahlijasa raises seed funding to expand in Greater Jakarta
Ahlijasa will use the capital to expand its on-demand laundry services within the Greater Jakarta area, before moving into other cities.
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RICE Media receives six-digit seed funding to grow brand across Southeast Asia
RICE Media publishes contents which are centered on cultural journalism with an Asia focus.
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GDP Ventures in talks to acquire Indonesian online travel agent Tiket.com
Venture capital firm GDP Ventures is currently in talks to acquire more than 50 percent of shares in Indonesian online travel agent Tiket.com. If successful, the investment into Tiket.com will be the second strategic investment…
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Myanmar’s Food2U secures six-digit funding from locales to expand operations
The startup will use the capital to forge partnerships with more restaurants and expand to the city of Mandalay.
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P2P lending platform Taralite raises US$6.3 million from Japan’s SBI Group
Taralite started out as a loan platform for personal life events such as weddings and Haji pilgrimage, but it now focuses on providing working capital for small businesses.
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Mekong Capital completes investment in Vietnamese logistics firm Nhat Tin
The value of Mekong Capital’s investment is not disclosed, but the fund typically focuses on investments ranging around US$6 million to US$15 million for a minority stake.
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Media Prima Labs partners 1337 Ventures in Alpha Startup program to fund game developers in Southeast Asia
Alpha Startups: Game Edition aims to transform game developers to entrepreneurs, providing them with the necessary business and marketing skills to propel their products.
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PSE gives green light for Eagle Cement’s IPO to add new production lines
Eagle Cement is currently the 4th largest cement producer in the Philippines, competing with multinational firms LafargeHolcim, Republic, and Cemex.
