Asean Tech Digest #63
Your curated summary of ongoing disruption in Southeast Asian tech. Subscribe here to receive it by email 💌
Hi SEA fans,
Last two weeks, in the news:
🏠 Coliving startup Cove takes over management of 168-unit flagship building Lumiere
⚡ SMRT to develop EV services in Singapore with Dishangtie (China)
🏛 Line Bank enters Indonesia
Just funded 💸
🇹🇭 Logistics startup Flash Express has raised a US$150m Series D & E from SCB 10X, Blockchain Founders Fund, Bu’er Capital, Chanwanich Group, Durbell, eWTP Capital, Krungsri Finnovate, PTT Oil and Retail Business — Tech in Asia
🇸🇬 Fintech startup Matchmove has raised a US$100m Growth round from Nityo Infotech — Fintech News
🇮🇩 Bookkeeping startup BukuWarung has raised a US$60m Series A from Valar Ventures, Goodwater Capital, Aldi Haryopratomo, Victor Jacobsson — TechCrunch
🇸🇬 D2C dental startup Zenyum has raised a US$40m Series B from L Catterton, Sequoia Capital India, RTP Global, Partech, TNB Aura, SEEDS Capital, Febe Ventures — TechCrunch
🇸🇬 E-commerce startup Intrepid has raised a US$11m Series B from Mirabaud Asset Management, Philian AB, Thakral Lifestyle, Spinnaker Ventures, Sun SEA Capital, Vulpes Investment Management, TKOF Limited — Deal Street Asia
🇸🇬 Social Commerce startup Raena has raised a US$9m Series A from Alpha Wave Incubation, Alpha JWC Ventures, AC Ventures, Beenext, Beenos , Strive — TechCrunch
🇮🇩 Fintech startup Amartha has raised a US$7.5m financing round from Norfund — Norfund
🇸🇬 Fintech startup Bondevalue has raised a US$6m Series A from Citigroup, MassMutual Ventures, Octava Family Office, Potato Productions — Fintech News
🇮🇩 Earned Wage Access startup Wagely has raised a US$5.6m financing round from Integra Partners, 1982 Ventures, ADB Ventures, Global Founders Capital, Trihill Capital, Triputra Group, Willy Dharma — TechCrunch
🇲🇾 Healthtech startup Naluri has raised a US$5m Series A from Integra Partners, BioMark, Duopharma Biotech Berhad, INP Capital, M Venture Partners, Palm Drive Capital, RHL Ventures, Sumitomo Corporation Equity Asia — MobiHealthNews
🇸🇬 DeFi startup Pontem Network has raised a US$4.5m Seed from Mechanism Capital, Kenetic Capital, Alameda Ventures, Altonomy, Animoca Brands, AU21 Capital, AVA Labs, CMS Holdings, Delphi Ventures, Genesis Block Ventures, Global Blockchain Innovative Capital, Momentum6, Morningstar Ventures, NGC Ventures, Spartan Capital Securities, Taureon — Yahoo Finance
🇸🇬 NFT startup Chronicle.io has raised a US$3.2m financing round from 4 Seasons Ventures, AU21 Capital, Aussie Capital, Bella, Blocksync Ventures, DAO Maker, Genesis Block Ventures, GravityX Capital, Magnus Capital, Moonwhale, Pluto Digital Assets, Three M Capital, Twin Apex Capital, VYSYN VENTURES, X21 Digital — Cheddar.com
🇮🇩 Healthtech startup Prixa has raised a US$3m financing round from MDI Ventures, Siloam International Hospitals, Trans-Pacific Technology Fund — TechCrunch
🇸🇬 Supply Chain startup Stemly.ai has raised a US$2.5m Pre-Series A from EDB New Ventures, Elev8.VC, ING Ventures — The Business Times
🇸🇬 Foodtech startup Float Foods has raised a US$1.66m Seed from Insignia Venture Partners, DSG Consumer Partners, Agrocorp International, Apricot Capital, Baksh Capital, Ebb & Flow, Innovate 360, Teja Ventures, Water Tiger Investments — Tech in Asia
🇸🇬 Restaurant Management startup Deelish Brands has raised a US$1.13m Pre-Series A from Calibre Ventures — Taiwan News
🇸🇬 Autonomous vehicle startup MooVita has raised a Series A from SMRT Corporation, Yinson Holdings — The Edge Markets
🇵🇭 Livestream startup Kumu has raised a Series B from SIG, Openspace Ventures, Summit Media, Kickstart Ventures, Foxmont Capital Partners, Gobi Ventures, Gentree Fund, Endeavor Catalyst — e27
🇹🇭 Car maintenance startup Autopair has raised a Pre-Series A from Summit Auto Body Industry — Tech in Asia
🇮🇩 Edtech startup GoKampus has raised a Pre-Series A from Sovereign’s Capital, Salt Ventures, Azure Ventures — Entrepreneur
🇸🇬 Data Center startup Red Dot Analytics has raised a Seed from Avior Capital, GSR Ventures, IMO Ventures — Data Center News
🇮🇩 Smart City platform startup Qlue has raised a financing round from KDDI Ventures Program, Asli RI, Telkomsel Mitra Inovasi — TechCrunch
🇮🇩 Healthtech startup Alodokter has raised a financing round from MDI Ventures, Samsung Venture Investment — TechNode Global
Startups and downs 🚀
🇸🇬 Coliving startup Cove takes over management and lease for 168-unit flagship coliving building Lumiere — Edge Prop
🇸🇬 Fintech Nium has acquired B2B payments startup Ixaris (UK) — Nium
🇵🇭 Former Gojek growh exec Crystal Widjaja has joined livestreaming startup Kumu as CPO — MARKETECH APAC
🇸🇬 Former CFO of Razer Edwin Chan has been appointed CFO of C2C marketplace Carousell — Tech in Asia
🇮🇩 Interview of Jeth Soetoyo, founder of crypto startups Pintu and Rupiah Token — Indo Tekno
🇵🇭 Neobank Tonik has received a digital bank license — Tonik Bank
🇮🇩 Hotel management startup RedDoorz has launched a midscale hotel brand — LinkedIn
🇸🇬 Car marketplace Carro has launched Showroom Anywhere, turning malls and parking lots into flexible showrooms — Tech in Asia
The Unicorn Belt 🦄
🌏 Grab’s SPAC merger has been postponed to Q4, as the company finalizes financial audit procedures — SEC
🇮🇩 Former CFO of OneConnect Jacky Lo has been appointed CFO of GoTo — The Business Times
Venture Capitalists 🎢
🌏 iGlobePartners has reached the final close of its US$100m iGlobe Platinum Fund III — Tech in Asia
🌏 Heritas Capital has announced the first close of its US$60m Growth Fund III — Heritas Capital Management
🇸🇬 Good Startup has raised US$25m for the first closing of its protein fund — The Business Times
🌏 Exit paths in SEA & India, workshop by Vertex — YouTube
🇮🇩 Interview of Adrian Li, founder of AC Ventures, on the state of the Indonesian tech ecosystem — Indo Tekno
Corporates 👨💼
🇸🇬 SMRT has partnered with EV logistics platform Dishangtie (China) to bring EV services to Singapore under a JV — The Straits Times
🇮🇩 Line has partnered with Bank KEB Hana Indonesia to offer digital banking services in Indonesia — KrASIA
🌏 Alibaba Cloud plans to invest US$1b in cloud infrastructure in APAC over the next 3 years, after the launch of its third Indonesian datacenter — Yahoo Finance
🌏 Is Facebook Discover the new Free Basics? — Rest of World
🇸🇬 Over 300 companies have applied for a crypto currency services and exchange license in Singapore to date — Vulcan Post
🇸🇬 Crypto trading companies Futu and Tiger Brokers (China) are applying for licenses in Singapore and the US to allow local customers to trade digital currencies — CNBC
🇸🇬 Former SAP and Microsoft Exec Christopher Bousigues has been appointed Country Manager for Tesla in Singapore — LinkedIn
🇹🇭 Foodpanda has signed a 1 year partnership with e-sports team Bacon Time — HardwareZone
Smart Nations 🏛️
🇸🇬 NUS ranked 3rd among Asian universities, NTU 5th, per Times Higher Education — The Straits Times
🇹🇭 The Thai gov’t has approved a draft regulation to allow the use of personal cars for ridehailing via apps — The Bangkok Post
Food for thought 🍜
🌏 Chinese vs SEA fintech, interview of Paul Schulte — Insignia Business Review
🌏 Overview of the top e-commerce players in Indonesia. Indonesia online marketplace GMV doubled in 2020 to US$40b — The Low Down Momentum
🌏 The 3 models for first mile logistics in SEA — Insignia Business Review
The Fountainhead ⛲
🇨🇳 TikTok is still the world’s most popular entertainment app with 80m downloads in May — ABS-CBN News
🇨🇳 WHO has approved Sinovac — the Guardian
Also 🤫
🇨🇳 Cooler than Marina Bay Sands — Douyin
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