The company is looking to expand its offerings and markets for a 5X revenue growth in 2 years.
The round was backed by The Agribusiness Investment and Consultation Co, Spiral Ventures Asia Fund, and Beyond Next Ventures.
Most of the digital bets have been in the financial services space such as fintechs.
China Digest: Pinnacle Microwave, Surestar Technology, Keda New Energy bag funding
Farm-to-table startup Secai Marche scores $1.6m in Series A funding
CNOOC's $3b UK portfolio sale halted on valuation gap: report
Thai insurtech startup Eazy Digital closes seed round led by Wavemaker
Vietnam has several overseas IPO hopefuls, but can they deliver?
China’s JD.com to shut down e-commerce units in Indonesia, Thailand in March
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Get daily updates from our Telegram channel
Interest rate hikes led to massive selloffs in the global bond and equity markets last year.
The fund, IndoSpace Logistics Parks IV, is targeting $600m in total equity commitments.
It is setting up offices in the region’s key markets of Indonesia, Vietnam, and India.
Pinnacle Microwave will use the proceeds to upgrade its products as well as in R&D.
Marketplaces KREAM and SneakersLAH backed the funding round.
It has shifted its international focus to the provision of cross-border supply chain solutions.
It could still resume a sale once conditions improve.
iSeller received $7.6 million in fresh funding from Intudo Ventures and other investors.
IHC invested $2b in Adani Group companies last year, including Adani Enterpsies.
FTX and Voyager both filed for bankruptcy amid a 2022 collapse in cryptocurrency markets.
With its tax-friendly regime and political stability, Singapore has long been a haven for ultra-rich foreigners.
VC-backed players such as SiCepat, Shipper, Andalin, and Ritase are in the market for funding.
Cheche claims to have raised over 1 billion yuan ($148m) from Tencent, Shunwei, and others.
The House Foreign Affairs Committee plans to vote soon on a bill to block TikTok in the US.
Maybank and ADIA had subscribed to Adani Enterprises’ $2.45b secondary share sale recently.
The Netherlands may stop ASML Holding, and Japan may restrict Nikon from selling equipment to China.
Wang Fengying will be responsible for product planning, product portfolio management and sales operations.