Loob Sdn. runs more than 200 F&B outlets in Malaysia alone, including brands such as Tealive, Gindaco, and Ko Ko Kai.
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.
Indonesia-based Kejora Ventures has reportedly raised over US$100 million for the final close of its Southeast Asia-focused venture fund raised in partnership with South Korean VC Intervest.
The seed funding round was led by Wavemaker Partners.
Kargo plans to use the investment to further develop its platform and expand outside Myanmar in the next 12 months.
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