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eko.ai, a Singapore-based artificial intelligence-enabled medtech startup, announced recently that it had secured US$4 million in a Sequoia India and EDBI co-led funding round, which also saw the participation of other investors including SGInnovate, a Singapore government-owned organization that invests in deep tech startups; Partech Ventures, a global investment firm…Continue Reading

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360ed, a Myanmar-based edtech social enterprise startup with a focus on virtual reality (VR) and augmented reality (AR) technologies, was selected by Nikkei Asian Review as the winner of its distinguished Nikkei Asian Review Award for Excellence for the year 2020. Nikkei Asian Review is the English-language business publication of…Continue Reading

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SVARA, an Indonesia-based radio broadcasting and digital audio platform startup, recently announced that it had successfully raised an undisclosed sum from UMG Idealab, a Myanmar-headquartered tech startup incubator, for its pre-series A funding round. The newly-acquired funds will enable the radio broadcasting platform startup to further expand its business and…Continue Reading

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Investree, a pioneering fintech peer-to-peer lending platform in Indonesia, recently announced that it had acquired an undisclosed amount of shares in business-to-business (B2B) e-procurement startup Mbiz. The acquisition represents the endeavor by Investree to build and develop a comprehensive supporting framework and infrastructure for nurturing the growth of Indonesia’s small-to-medium…Continue Reading

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Grab, the regional super app startup that provides finance and ride-hailing services, announced Monday that it had entered into a partnership with Singapore Telecommunications Limited (Singtel), one of Singapore’s four major telcos, with the aim of forming a consortium to apply for a full digital banking license from the Monetary…Continue Reading

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UMG Idealab, the venture builder and venture capital firm established by Kiwi Aliwarga, founder and executive chairman of Myanmar-based UMG Group of companies, recently announced that it had funded approximately 60 promising startups in Southeast Asia. Half of the funding went to Indonesian startups, with the rest spread across startups…Continue Reading