The central bank vowed to further expand trials of the digital currency.
Indonesian MSME enabler Majoo raises $10m in Series A funding
India's Yulu Bikes in talks with Canada's Magna to raise funds for new battery entity
India, SE Asia are global bright spots for growth, says General Atlantic's Sandeep Naik
The LP View: PTT banks on its VC network for seamless due diligence
Bukalapak-backer Spiral Ventures targets to raise over $30m for fourth vehicle
JD-backed GigaCloud Technology trims US IPO target to $28m
Philippine e-commerce startup edamama pockets $20m Series A led by Alpha JWC
India, SE Asia are global bright spots for growth, says General Atlantic’s Sandeep Naik
Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too
Gaw Capital eyes real estate venture opportunities in Southeast Asia
Carlyle announced last week that Lee would step down as CEO without a replacement lined up.
Rest of Asia
Son was formerly one of the sector’s biggest cheerleaders
Startups in SE Asia raised at least $1.9b in July.
The business racked up losses and struggled to comply with regulatory oversight.
High-profile companies such as Stripe, Klarna and Instacart have seen valuations fall by a peg or two this year
Luckin admitted in 2020 that about $310m of its sales were fabricated.
CEO Evan Spiegel had told employees in May that the company will slow hiring for this year.
A week before it was hacked, Nomad had raised $22.4m from Coinbase and other investors.
Nykaa has been facing a ‘subdued season’ after inflationary pressures dented consumer spending.