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KWAP Invests RM124mil In Uber

Uber, a non-traditional asset, has just seen the investment of RM124mil by KWAP, Kuala Lumpur’s second largest pension fund. Following in the footsteps of Khazanah Nasional’s investment in tech start-ups seems to be the fuel behind Retirement Fund, Inc. (KWAP) investment of $30 million (U.S.) into the modern car-hailing Uber app. The recent round of […]

Three Deals Emerge In Singapore: SMRT-Cyclect Joint Venture; PSL Raises Funds; Asiamedic In M&A Discussions

SMRT, alongside Cyclect Electrical of JV SMRT Corporation have established a joint venture company in conjunction with Cyclect Electrical Engineering. Cyclect Electrical Engineering is a Singapore-based business which serves the industrial plant building industry including offshore, marine, transport and logistic segments of the industry. The newly formed joint venture, known as SMRT-Cyclect Power, will establish […]

Malaysia’s Instant Delivery Startup, RunningMan Raises US$40K Within 24 Hours

Reaching their targeted amount of RM175K (approximately US$40K) within 24 hours of their pitchIN Equity Crowdfunding, public attention has been centred on a Malaysian logistics startup company known as RunningMan. A platform that offers instant delivery services, RunningMan caters the needs of those that wish to save a trip to their nearby shops or restaurants […]

Grab Raises US$750 Million In Funding To Go Up Against Uber Southeast Asia Expansion

Grab, formerly known as GrabTaxi and the largest company rivaling Uber in Southeast Asia has raised an amount of US$750 million in their Series F investment rounds. The oversubscribed funding was said to be led by Japan’s SoftBank and China’s Didi Kuaidi. This achievement is quite the milestone for the company which has launched in […]

JoJonomic Reach Singapore After Grabbing $1.5m Series A Funding For Expense Management Software

JoJonomic is an Indonesian startup that got their breakthrough when participating in Google’s launch pad accelerator in January 2016. One of just eight Indonesian companies selected, their expense management software stood out. Originally designed to help everyday people keep track of the day-to-day expenses by using a smartphone app to digitize receipts, tickets and more, […]
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