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ZWC Ventures sets up US$150 million Southeast Asia and China fund
China’s ZWC Ventures has closed its first Southeast Asia and China fund worth US$150 million, the startup also plans to start working on a US$500-million second fund in Q3 this year.
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Malaysia Cloud Kitchen Slash Food Delivery Startup Dahmakan Raises US$5M Series A
The series A brings dahmakan’s total funding close to US$10M.
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Vietnamese vacation rental startup Luxstay raises US$4.5 million from Korean investors
South Korean retail firm GS Shop and early-stage venture capital firm Bon Angels have joined in a US$4.5 million bridge funding for Luxstay.
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Givaudan To Acquire Vietnamese Naturals Company Golden Frog
Givaudan, the Swiss flavors and fragrances company will be acquiring Golden Frog to strengthen its presence in the Asia Pacific region.
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Bukalapak brings ecommerce services overseas with new platform
Indonesian ecommerce unicorn Bukalapak has launched BukaGlobal, a new feature that lets consumers outside Indonesia shop on the Bukalapak platform.
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KMA Group to invest US$63 million in six Centara resorts and hotels in Myanmar
This marks Centara’s entry into one of the world’s fastest-growing tourism markets and enables the company to secure a major Myanmar foothold.
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Singapore Based Travellers E-Wallet Startup YouTrip Raises US$25.5M In Pre-Series A Funding
This marks the biggest funding round for a fintech company in the SEA region.
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French video game maker Ubisoft expands startup programme to Singapore
The Ubisoft accelerator is bringing its startup incubator programme to Singapore for the first time.
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Malaysia Based F&B Company Loob Holding Sdn. Plans For US$72M IPO Next Year
Loob Sdn. runs more than 200 F&B outlets in Malaysia alone, including brands such as Tealive, Gindaco, and Ko Ko Kai.
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JG Summit sets up US$50 million JG DEV fund to invest in Southeast Asia startups
JG Summit Holdings is diving further into the digital space, pouring US$50 million into a unit that will invest in digital ventures and emerging technologies in Southeast Asia.
