So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s […]
View More Southeast Asia’s Fave raises $20M and adds mystery strategic investor from ChinaCategory: Malaysia
Korea’s Naver backs Southeast Asia-based e-commerce startup iPrice
iPrice, an e-commerce aggregation service in Southeast Asia, has landed a strategic investment from Naver, the Korean internet giant valued at over $21 billion, as part of a follow-on to the startup’s $4 million Series B from May. There’s actually a strong connection around that recent round. It was led by Line Ventures, the investment arm […]
View More Korea’s Naver backs Southeast Asia-based e-commerce startup iPriceIndia’s budget hotel network OYO moves into wedding banquet services
OYO Rooms, the India-based budget hotel network that’s backed by SoftBank’s Vision fund, has prioritized expansion into China this year but that’s not all it’s up to. Back home in India, it just moved into the event hosting space through the acquisition of a wedding banquet company. Today, OYO said it has acquired Weddingz.in, a three-year-old company that […]
View More India’s budget hotel network OYO moves into wedding banquet servicesIndia’s budget hotel network unicorn OYO expands into China
The tech world sees plenty of Chinese companies move into India — including the likes of Alibaba and Xiaomi — but few expand the other way. OYO Rooms, the billion-dollar Indian startup that pioneered budget hotel networks, is looking to buck the trend, however, after it launched operations in China. Today the company officially announced its […]
View More India’s budget hotel network unicorn OYO expands into ChinaAlibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansion
Ant Financial, the financial services affiliate connected to Alibaba which operates the Alipay mobile payment service, has confirmed that it has closed a Series C funding round that totals an enormous $14 billion. The rumors have been flying about this huge financing deal for the past month or so, with multiple publications reporting that Ant […]
View More Alibaba’s Ant Financial fintech affiliate raises $14 billion to continue its global expansionJirnexu pulls in $11M for its financial comparison service in Southeast Asia
It’s been a busy week for startup funding in Southeast Asia. Following big deals for Carro and Carousell, financial comparison startup Jirnexu is the latest to announce new capital after it closed an $11 million Series B round. The new investment comes courtesy of Japan’s SBI Group — a returning investor which led the round having co-led […]
View More Jirnexu pulls in $11M for its financial comparison service in Southeast AsiaSoutheast Asia e-commerce startup iPrice raises $4M led by chat app Line’s VC arm
iPrice, a service that aggregates Southeast Asia’s e-commerce websites in a single destination, has pulled in new funding led by messaging app Line’s VC arm, Line Ventures. The round is officially undisclosed, but TechCrunch understands from a source close to negotiations that it is worth around $4 million. Existing iPrice backers Cento Ventures (formerly known as […]
View More Southeast Asia e-commerce startup iPrice raises $4M led by chat app Line’s VC armTechtonic Group raises $2 million to transform tech hiring through apprenticeships
Where the two companies are using price arbitrage between the costs of developers in emerging markets and coders in the U.S., Techtonic Group is simply offering access to talent. The company’s program pitches itself not just as a development shop, but as a recruitment and training company connecting its clients with skilled entry-level talent. The […]
View More Techtonic Group raises $2 million to transform tech hiring through apprenticeshipsYC alum Dahmakan, a Kuala Lumpur-based food delivery startup, acquires Polpa to expand into Thailand
Dahmakan, a vertically-integrated Malaysian meal delivery startup, announced today that it has acquired Polpa to enter Bangkok. Dahmakan was the first Malaysian startup to participate in Y Combinator and recently received a $2.6 million round of funding earmarked for its expansion into new markets. The company, which was launched in 2015 by former Rocket Internet […]
View More YC alum Dahmakan, a Kuala Lumpur-based food delivery startup, acquires Polpa to expand into Thailand3 hidden gems that show a unique side of Kuala Lumpur
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IN PARTNERSHIP WITH UBER & CANON
Discover your own #hiddencities
An urban jungle surrounded by actual rainforests, Kuala Lumpur is home to incredibly diverse scenery. “When I think of Kuala Lumpur, the unique blend of cultures and lifestyles is what comes to mind,” says Patrick Teow, a travel photographer and influencer based in the Malaysian capital. ” We may not boast the latest cutting-edge technology or the most impressive architecture, but this interplay of colors and traditions — in a tightly-knitted urban setting — is what makes the city feel like home to me.”
Inspired by the dynamic momentum of the destination and its many hidden facets, Uber and Canon have teamed up to spotlight a handful of its unusual locations that not even many locals have seen. After collecting a year’s worth of data and scouting locations all over the city, Uber has identified three photogenic locations with the lowest drop-off requests on the app. Read more…
More about Travel, Photography, Malaysia, Kuala Lumpur, and Culture
Malaysian newspaper criticised for its ‘how to spot a gay person’ list
LGBTQ discrimination is rife in Malaysia, but it doesn’t get more ridiculous than an article telling readers how to spot them.
Malaysian newspaper Sinar Harian has been criticised by activists for publishing a list of pointers last Friday, warning th…
Malaysia’s capital will adopt ‘smart city’ platform from Alibaba
Alibaba’s cloud computing business is to deploy its big data services package for cities in Kuala Lumpur to help Malaysia’s government with the running of its capital city and potentially other parts of the country in the future. “City Brain,” an Alibaba Cloud service that uses big data and artificial intelligence on its cloud computing infrastructure, will be put to… Read More