Hi SEA fans,
Last two weeks, in the news:
💰 SaaS startup Stamped acquired for US$110m
🦄 IP analytics platform Patsnap raises US$300m from Softbank, becomes unicorn
🌌 SpaceX to install launchpad in Papuan island
Just funded 💸
🇸🇬 IP Analytics Platform startup Patsnap has raised a US$300m Series E from SoftBank’s Vision Fund II, CITIC Industrial Fund, Sequoia China, Shunwei Capital, Vertex Growth, Vertex Ventures - TechCrunch
🇮🇩 Logistics startup Sicepat Ekspres has raised a US$170m Series B from Falcon House Partners, Pavilion Capital, MDI Ventures, DEG, Trihill Capital, Daiwa Securities, Kejora Capital, Indies Capital - DealStreetAsia
🇸🇬 Edtech startup Point Avenue has raised a US$12m Series A from Gaw Capital - Tech in Asia
🇻🇳 B2B digital gifting startup Got it has raised a US$6m financing round from VNG - DealStreetAsia
🇸🇬 Decentralized money market protocol startup Konomi Network has raised a US$5m financing round from Amplifi, Blocksync Ventures, CMS, Crypto J, Double Peak, LD Capital, 4 Seasons Venture, Block Dream Fund, BTX Capital, Coin98 Ventures, FBG Capital, Moonwhale, Titans Ventures, AU21 Capital, Tenzor Capital, Genesis Block, Altonomy, Zonff Partners, DFG - Coin Telegraph
🇸🇬 Battery processor startup Green Li-ion has raised a US$3.45m Seed from LiNiCo Corporation - The Business Times
🇮🇩 Foodtech startup ESB has raised a US$3m Series A from Beenext, AC Ventures, Skystar Capital, Kelera Capital - DealStreetAsia
🇻🇳 DeFi startup Lightening Cash has raised a US$2m Seed from HC Ventures - AiThority
🇸🇬 Foodtech startup Alchemy FoodTech has raised a US$2m financing round from SEEDS Capital - DealStreetAsia
🇸🇬 Crypto exchange aggregator startup OpenOcean has raised a US$2m financing round from Binance, Multicoin Capital, LD Capital, CMS, Kenetic, Altonomy - CoinDesk
🇸🇬 Healthtech startup Mesh Bio has raised a US$1.8m Seed from Elev8, SEEDS Capital, Citrine Capital, Tael Partners - e27
🇸🇬 Blockchain Supply Chain startup KoineArth has raised a US$1.8m financing round from YourNest Venture Capital, Inventus India, Lumis Partners - Economic Times
🇸🇬 Food Surplus startup TreeDots has raised a US$1.6m Series A from Amasia, SEEDS Capital - Crunchbase
🇸🇬 DeFi Smart Financial Management Platform startup SIL Finance has raised a US$1.3m financing round from Axia8 Ventures, Krypital Group, Genesis Block Ventures, Everest Ventures Group, Lotus Capital, Cabin VC, AU21, Boxmining , LilMoonLambo - Yahoo Finance
🇸🇬 HRtech startup GRIT has raised a US$0.374m Pre-Seed from Spaze Ventures, Dan Lynn, Tariq Khan - Digital News Asia
🇲🇾 Insurtech startup Ouch! has raised a US$0.36m Seed from Vynn Capital, Temokin - Crowdfund Insider
🇮🇩 Logistics startup Andalin has raised a Series A from Sembrani Nusantara Fund - e27
🇸🇬 Logistics startup Haulio has raised a Pre-Series A from Supply Chain Angels, YCH Group, B7 Capital, GHS Ventures, Guava Capital, iSeed SEA, Iterative, PSA Unboxed - The Business Times
🇮🇩 Fintech startup Brick has raised a Seed from Better Tomorrow, Prasetia Dwidharma, 1982 Ventures, Antler, Rally Cap Ventures - TechCrunch
🇻🇳 Communication API startup Stringee has raised a financing round from VinaCapital Ventures - VinaCapital Ventures
Startups and downs 🚀
🇸🇬 Loyalty SaaS startup Stamped will be acquired for up to US$110m by WeCommerce (Canada) - Tech in Asia
🇮🇩 P2P lending platform Alami has acquired Sharia-compliant rural bank BPRS Cempaka Al-Amin for less than US$10m - e27
🇸🇬 The story of online payments startup Maesh - Maesh
🇸🇬 Mobility app Ryde is preparing an IPO on the Catalist board of the Singapore Exchange at US$148m valuation - e27
🇮🇩 Hiring remote workers in Indonesia, explained - Multiplier
🇨🇳 How 3DNest (China) is expanding its retail VR offering, amidst coving lockdowns - Nikkei Asian Review
🇸🇬 Robotics startup OTSAW is testing autonomous delivery bots with NTUC Fairprice & others - e27
The Unicorn Belt 🦄
🌏 Grab is reportedly in talks to go public via SPAC - WSJ
🇮🇩 Gojek has invested in e-wallet LinkAja's last round, led by Grab - Nikkei Asian Review
Venture Capitalists 🎢
🌏 OpenSpace Ventures has reached the final close of its US$200m fund III - LinkedIn
🌏 East Ventures has announced the dissolution and takeover of co-GP structure EV Growth - DealStreetAsia
🇸🇬 M Venture Partners has closed its maiden fund at US$30.85m - TechNode Global
🌏 ESOP explained - Grayscale
🌏 Convertible notes, explained - Qualgro
Corporates 👨💼
🇸🇬 Amazon has revealed its first 62 MW solar project in Singapore - Amazon Blog
🇸🇬 ComfortDelGro has announced a S$10m investment in CDG-NUS Smart & Sustainable Mobility Living Lab and S$40m to electrify its bus fleet - Vulcan Post
🇹🇭 Line Banking has crossed 2m users, 4 months after launch - Tech in Asia
🇸🇬 Bio of Luc Andreani, MD of Foodpanda in Singapore - CNA
🇸🇬 Singapore Airlines will be the first airline to test the IATA travel pass - CNA
Smart Nations 🏛️
🌏 Indonesia and Singapore have revealed Nongsa D-Town, a digital tech hub for startups of both countries, with a residential village in Batam - e27
🇮🇩 Indonesia Stock Exchange to ease conditions on IPO, allow listing of loss-making companies - The Star Online
🇲🇲 Food and fuel prices are rising double-digits in Myanmar following the impact of the political turmoil and the Covid crisis - the Guardian
🇲🇾 Malaysia has a new fake news law against making fun of official narrative regarding state of emergency - Rest of World
🇲🇲 Myanmar x China diplomatic relations, in light of the current political crisis - CNA
🇮🇩 SpaceX to install launchpad in Papuan island - the Guardian
🇸🇬 With Singapore going car-lite, urban farming is expected to replace carparks - CNA
🇸🇬 Australia and Singapore are planning a travel bubble in July - The Sydney Morning Herald
Food for thought 🍜
🇻🇳 Overview of the Vietnamese fintech landscape - LinkedIn
🌏 What's next for agriculture in SEA: innovations driven by the supply side and the demand side - Insignia Business Review
🌏 Covid is accelerating the reverse brain drain to Asia - Nikkei Asian Review
🌏 The Chinese diaspora makes for 65% of Singaporean billionnaire residents, 45% in the Philippines and 28% in Indonesia - Statista
The Fountainhead ⛲
🇮🇳 The 12-month turnaround of Zomato, which could be India’s first unicorn IPO - The Captable
🇮🇳 Amazon Food is available in 62 neighborhoods in Bengaluru, offering 10-15% commission vs 18-40% for other players - KrASIA
🇮🇳 Omnichannel direct-to-consumer beauty brand MyGlamm has raised a US$24m Series C led by Amazon and Ascent Capital - The Economic Times
🇨🇳 ByteDance is kicking off Nuversegame, its gaming brand, with 3,000 employees - TechCrunch
🇨🇳 The 2021 Hurun Global Rich List is out: 51% of the world's billionnaires are in Asia, and almost one third in China (+259 billionnaires, +33% YoY) - Hurun
🇨🇳 Ridehailing giant Didi is rumored to be preparing an expansion to Europe - Bloomberg
Also 🤫
🇵🇭 Delivery riders are our Power Rangers - literally - Mashable SEA
🇸🇬 The economics, market landscape and history of bubble tea in Singapore - Vulcan Post
🇮🇳 The buyer of a US$69m NFT piece of art is a Singapore-based Indian entrepreneur, the founder of BitAccess - Metapurser
🇮🇩 Napoleon Bonaparte has been found guilty of corruption in Indonesia - Euronews