Tech giants comply with China’s drive to tighten oversight of platform algorithms
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
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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
Sinar Mas invests $250m in e-wallet startup DANA, Lazada finalises deal too
Gaw Capital eyes real estate venture opportunities in Southeast Asia
India, SE Asia are global bright spots for growth, says General Atlantic’s Sandeep Naik
Gentree Fund, Kickstart Ventures, Foxmont, Innoven, and Robinsons Retail also invested.
Atome Financial comprises the BNPL platform Atome and digital lending platform Kredit Pintar.
SoftBank will reduce its stake in Alibaba to 14.6% from 23.7% by settling prepaid forward contracts.
Reefknot Investments led the round with a $4m investment
Jet Commerce had closed its Series A funding round in February
Rest of Asia
The round also saw participation from Sabr Capital, Arbisoft and other strategic investors
The company is looking to raise $78.08m from the IPO.
The other investors include CCV, MDI Ventures, SIG, Endeavour Catalyst, FJ Labs and PT Amsaka Investama Sejahtera
Astra’s profit rose 106% year-on-year to 18.2 trillion rupiah in January-June 2022.