startup funding

Startups continue to raise funds amid Covid-19

STARTUPS in South-east Asia have continued to close funding rounds despite the slowdown in investor activity due to the economic impact of Covid-19. Companies from logistics service providers to...

Virus outbreak puts regional startups through their first stress test

STARTUPS that have long enjoyed the benefits of an exuberant scene in South-east Asia are now facing their first stress test as they scramble to last out the Covid-19 storm.

Downturn a reset button for lofty startup valuations

THE economic downturn caused by the Covid-19 outbreak could be a "reset button" for lofty startup valuations in South-east Asia, while presenting an opportunity for venture capitalists to invest...

Gojek adds US$1.2b to war chest, but CEOs warn of tough times ahead

JUST three weeks after talk surfaced of a potential merger between ride-hailing giants Grab and Gojek, Indonesia-based Gojek is again in the spotlight after raising an additional US$1.2 billion in...

Retail tech startup StoreHub bags US$8.9m in Series A+ round

SINGAPORE retail tech startup StoreHub has raised US$8.9 million in Series A+ funding, led by returning investor Vertex Ventures Southeast Asia & India.

Lumos will use fresh funds to extend 'smart helmet' product line

A MISSION to increase the safety of cyclists on the road, which began as a Kickstarter campaign in 2015, raised over US$800,000. Today, it has support from Apple and financial backing from Hong...

Carsome raises US$50m Series C funds, profitability claim unclear

MALAYSIAN used car trading platform Carsome has raised US$50 million in Series C funds from new investors that include MUFG Innovation Partners, the corporate venture capital arm of Japan's...

Digital media startup Collab Asia raises US$7.5m in Series B funding

COLLAB Asia, a digital media company and social media influencer network, has raised US$7.5 million in Series B funding in a round led by Korea's Gorilla Private Equity.

Jungle Ventures invests in BookMyShow's South-east Asia business

SINGAPORE-BASED venture capital firm Jungle Ventures has invested an undisclosed amount into the South-east Asian arm of online entertainment ticketing platform BookMyShow, through its parent...

Digital payment platform FinAccel raises US$90m in Series C funding

SINGAPORE-BASED consumer credit startup FinAccel on Tuesday said it has raised US$90 million in an oversubscribed Series C equity funding round, bringing the total capital raised across both debt...