Care-giving startup Homage raises US$30M Series C
Investors include Temasek-owned Sheares Healthcare Group, DG Daiwa Ventures, Sagana Capital, East Ventures, and HealthXCapital; Homage has built a regional network of 6K+ fully screened, trained and curated care Professionals, including certified and trained caregivers, licensed nurses, care navigators and board-certified therapists and physicians.
Everything from soup to nuts: Meet the 27 ghost kitchen startups in Southeast Asia
While the concept existed in one form or the other for a long, it has been gaining immense traction and popularity of late; As the pandemic adversely affected the F&B industry, many traditional restaurants started relying on ghost kitchen firms to reduce overhead costs.
Tencent, SCB 10X, Vertex back insurtech startup Sunday’s US$45M Series B
Investors include Tencent, SCB 10X, Vertex Growth, Vertex Ventures, Quona Capital; Sunday’s unique selling point is the end-to-end insurance value chain, from underwriting to distribution of personalised insurance products and services.
Next blockchain unicorn will be from gaming: Dusan Stojanovic of True Global Ventures
He also says digital-only banks, if they tap into the gaming sector, will capture consumers in the below-40s age group; Going into the gaming community will give them an unfair competitive advantage since gamers spend a lot of their time on gaming.
BuyMed nets US$8.8M to develop a healthtech e-commerce platform, expand beyond Vietnam
Investors include Smilegate Investment (Korea), Cocoon Capital, Sequia Surge, Genesia Ventures, B Capital; BuyMed’s exclusive B2B platform Thuocsi.vn connects licensed distributors with healthcare providers, automatically matching orders and end-to-end logistics.
SEA’s food delivery market to hit US$28b by 2025, report says
This figure would represent a jump of more than 3x from the US$9B in GMV that the industry logged in the region in 2020; The expected growth in the next 4 and half years is likely to be led by emerging markets such as Myanmar, Vietnam, and the Philippines; The study was jointly done by Grab and Euromonitor International.
Gwendolyn Regina to lead investments at Binance’s new US$100M DeFi fund
As an early-stage VC firm, the BMC fund provides US$100K in funding; It will also provide liquidity support for DeFi projects that pass security audits and the due diligence process; Prior to joining Binance in August, Regina was an intrapreneur at Facebook, building up a new business unit of VC partnerships and startup growth.
Go smart or go waste? Smart construction in Asia is up for grabs
Experts have pointed out several significant global innovative construction trends, including the ability to capture the real world in a detailed digital model, or digital twins; the production of smarter, better, lower-carbon materials; and the management of the construction ecosystem surrounding self-contractors, contractors, and planners.
Singapore exchange eases rules for SPAC listings
These rules are said to be more liberalised than the exchanged had proposed initially in March; For instance, entities are required to have a minimum market capitalisation of US$112M, half of what the bourse had proposed earlier.
Indonesian social commerce startup Chilibeli in talks to raise US$20M
It has already received interest from several investors, including existing ones; It looks to close the round in 2-3 months; In 2020, Chilibeli raised US$10M from Lightspeed.
Binance may have breached rules, says Singapore central bank
The company is required to cease providing payment services to Singapore residents and cease soliciting such business from Singapore residents; MAS has also listed Binance on its Investor Alert List to warn local consumers.
Sequoia, Y Combinator join Indonesian healthtech startup Sirka’s funding round
The startup helps people with obesity and diabetes change their eating habits by connecting them to dietitians for meal plan recommendations as part of a three- or six-month programme; The company currently has nine registered dietitians and has scaled to over 30 cities in Indonesia.
500 Startups launches Taiwan Tech Arena accelerator programme
The 8-week programme offers 500 Startups’s signature accelerator growth curriculum, including workshops and masterclasses where participants can leverage access to 500 Startups’ global network of mentors, founders, and industry stakeholders.
How asset tokenisation impacts business growth
Tokenisation on the blockchain offers low-cost and fast solutions for transforming physical assets into digital ones and allocating them all over the world; The primary goal of tokenising assets is to increase liquidity.
A founder’s take on what startups can do to expand internationally
Basically, founders need to consider things such as finances, internal resources, products and customer groups; Building out a successful product in Singapore does not mean it will also be successful in Vietnam, Indonesia, or China.
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