The Southeast Asian tech deck is running hot right now! Investors around the world want a piece of the action. 2021 saw a record high of USD 124.8 billion in M&As. And guess what? Even without Grab’s USD 40 billion merger with Altimeter, the M&A activity still represents record levels. Also, in the first half...
Sunway Group (Sunway), one of Malaysia’s largest conglomerates and Kejora Capital (Kejora), a leading venture capital (VC) firm, has launched the US$25 million Orbit Malaysia fund. This is the first time a Malaysian conglomerate, in partnership with a leading VC firm from Indonesia, formed a fund with Malaysia Venture Capital Management Berhad (MAVCAP) as anchor...
Collaboration to kick-off with Alibaba Cloud Demo Day 2021 More than 500 startups are anticipated to participate in this programme from October 2021 to March 2022. Alibaba Cloud Innovation Centre has joined hands with Fidelity Funding, a venture capital corporation with the aim of propelling local businesses to greater heights by equipping them with the...
TurboTax maker Intuit Inc has acquired Mailchimp, an email marketing company, for US$12 billion in a cash-and-stock deal. Over a year ago, the two pioneers began discussing forming a partnership, which later evolved into talks about an acquisition. The acquisition of Atlanta-based Mailchimp, which runs a marketing platform for small and mid-market firms, makes it...
After the market plunged by taking the hit from Covid-19, they are now ripe for public companies. Big companies such as Bumble, Roblox, and Discord have piqued investors’ interest, and there are no signs of backing out. But among all the giants, Stripe has caught the eyes of many. What began as a small startup...
Oyen, a digital-first pet healthcare insurance provider based in Malaysia, has raised US$420,000 in a seed round participated by notable backers such as Hustle Fund, alongside angel investors who are former and current executives from Airbnb, Facebook, and Rocket Internet. The company will use the funds to enhance its proprietary digital insurance platform and reinforce its market position within Malaysia’s pet healthcare insurance...
Lighthouse Canton, a Singapore headquartered wealth and asset management firm will offer Venture Capital and Private Equity (“VC/PE”) services alongside its existing financial solutions Looks to deliver origination, book building, portfolio management, and reporting services to both existing and new clients Firm to set up a Lighthouse Canton and employee venture capital fund that will...
The cryptocurrency market is supposed to rise above and beyond, but it’s currently facing a meltdown, tying down all market stocks to go head on head in turbulence. It seems that eccentric billionaire Elon Musk has the power to move markets around based on his tweets alone. He has influenced many of his followers to...