The fintech startup's latest financing was co-led by EV Growth Fund and Quona Capital.
India: Facebook invests $25m in social commerce startup Meesho: Report
Singapore’s Trax acquires US-based retail rewards app Shopkick
Indonesian P2P lender KoinWorks closes $12m Series B funding round
Temasek co-leads $130m Series E in US-based lending platform Blend
India Dealbook: TCS raises stake in Japanese JV; Affle acquires RevX Inc
Sieu Viet Group acquires Vietnamese HR platform MyWork
Piramal Group in talks with SoftBank, GIC to raise up to $750m
Myanmar’s Irrawaddy Green Towers on the block as PE investors seek exit
SG’s Tin Men Capital raises $20.8m from 50 investors for first fund
Sinopharm, Cedarlake and SG’s Novena form $150m SE Asia healthcare fund
Top online retailers including Tokopedia, Bukalapak and Shopee saw a significant jump in their revenues during the festive month of Ramadan.
IPOs & Markets
The company plans to sell 933 million shares, equivalent to 7.8 per cent of its enlarged capital, in the IPO.
The $350-million project is going to be developed by a special purpose vehicle formed by global clean energy firm Fortum and Jakarta Propertindo.
Economic growth and changing lifestyle habits are powering a rapid expansion of streaming in the region.
Grab implement cancellation fee trials in two Indonesian cities
The fresh funding will be used to strengthen the Prosa.ai team and improve its products and data capabilities.
Following the acquisition, both Bridestory and Parentstory will continue to run their business independently.
The company recently selected 10 startups for the second batch of GVV, with seven of them from Indonesia.
CoHive has also unveiled new offerings CoLiving (living spaces), CoRetail (new retail), and CoHive Event Space (events).
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