Progress capital agency Venteny Fortuna seeks to lift US$27M by way of IPO on IDX
Venteny plans to make use of the funds to extend the group’s working capital and help its enterprise improvement and progress; With this, Venteny is about to turn out to be the primary Japanese founder-led startup to be listed in SEA.
SEA meals and grocery supply spending up 30%: Seize report
The report stated that in Southeast Asia, shoppers in Singapore spent essentially the most on deliveries, whereas these in Vietnam ordered most continuously in the course of the interval.
Malaysian startups, MNCs have began recognising the significance of Web3: Jasmine Ng
There’s a rising demand for Web3 builders, however lower than 1 per cent of programmers have the required expertise to do the job, says Ng, Co-Founding father of myBID and founding member of Ladies In Blockchain Asia.
‘In Web3, expertise is difficult to seek out and costly’
Based on consultants, the most effective Web3 abilities might be present in India, Vietnam, the US, France and the UK. Rules are presently fairly fuzzy, and readability about this may go a great distance in serving to individuals turn out to be extra. comfy.
Singapore-based Flash Espresso lays off staff
Based on LinkedIn, the startup employs over 600 individuals; The Rocket Web-backed agency raised US$32.8M in July; It has a presence in Indonesia, Singapore, HK, Korea, Japan, Thailand, and Taiwan.
Indonesian e-commerce enabler Sirclo lays off 8% of staff
The layoffs are a part of the effectivity measures coverage amidst the “present macroeconomic situations”, it stated in an announcement; Sirclo said that every one points of the group’s enterprise are within the optimisation stage to realize long-term progress.
East Ventures launches startup programme amid layoff wave
The fourth version of PASTI BISA, referred to as Terus Pantang Mundur (Maintain Shifting Foward, By no means Give UP), was launched in response to the huge layoffs in Indonesia lately.
Vietnam’s EV agency Dat Bike raises US$8M
The traders are Jungle Ventures, GSR Ventures, and Supply Hero Ventures; It plans to broaden past Ho Chi Minh Metropolis, Hanoi and Da Nang to different Tier 1 cities; Dat Bike claims its income rose by 10x within the final 12 months.
NOVI Well being luggage US$5M Sequence A to sort out diabetes, weight problems utilizing tech
The lead investor is Monk’s Hill Ventures; NOVI offers hyper-personalised holistic well being options integrating precision drugs and behavioural and way of life interventions.
Fintech agency BayaniPay nets US$4.5M seed funding
The traders are East West Financial institution, Wavemaker Companions, and Talino Enterprise Labs; BayaniPay offers entry to a digital checking account, a debit card, and zero-fee remittance foreign exchange charges for Filipino People sending cash residence
Accelerating Asia invests in 10 startups as a part of cohort 7 programme
The brand new startups have a median month-to-month GMV of over US$46K and income of over US$13K, and so they collectively deal with not less than one sustainable improvement aim.
Fonos raises US$1.8M in funding to broaden into podcasting
The traders embrace North Base Media, AngelCentral, Vietcetera’s fund; Since its launch in 2020, Fonos has established itself because the audio content material chief in Vietnam with over 2,100 unique items of content material.
SOSV backs 5 startups as a part of newest Orbit cohort
The startups are NewCampus, Kreate, Nandi Labs, PriyoShop, and Fullfily; Every participant of the Orbit Startups programme obtained US$150K in preliminary funding; Orbit encompasses SOSV’s Chinaccelerator and MOX programmes.
Saison Capital, Mixpanel launch product supervisor peer-support neighborhood
The primary cohort of the analytics programme will join Saison’s 2-3 product supervisor neighborhood immediately with Mixpanel leaders throughout product administration and engineering.
Sequoia apologises for investing in FTX
Sequoia has funnelled US$214M into FTX.com and FTX US; It clarified that it had reviewed FTX’s unaudited statements earlier than investing and carried out rigorous due diligence.
FTX owns Indonesian crypto trade Bitocto, courtroom doc reveals
Individually, information from the Indonesian Ministry of Legislation and Human Rights confirmed that 99% of Bitocto shares are owned by FTX, whereas the remaining 1% is owned by Genesis Block, an HK-based crypto platform.
Rakuten Capital to put money into SG Web3 leisure firm DEA
DEA additionally signed an MoU with Rakuten Group for a collaborative partnership within the Web3 area; DEA operates the PlayMining GameFi platform, which encompasses a catalogue of P2E NFT video games, together with Job Tribes and Cookin’ Burger.
Filipina actor Yassi Pressman nets US$2M for her new Web3 startups
Yassi Pressman’s startups PEG is a gaming guild, whereas BrandNation is an influencer advertising and marketing platform for digital and Web3 manufacturers; The funding was led by cryptocurrency trade and digital asset custodial supplier Sonla.
URECA, a Blockchain-based market for carbon offsets, raises US$1.5M
Initially from Mongolia and HQed in Singapore, URECA goals to empower and mobilise grassroots communities towards local weather change by offering a universally accessible platform for carbon offsets.
Singapore police start probe into Hodlnaut
The police stated they’ve obtained a number of complaints between August and November outlining how Hodlnaut and its administrators allegedly falsified the extent to which the agency was uncovered to a digital token – presumably UST.
Hex Belief wins license for digital asset providers in Dubai
The corporate, which presents providers together with staking, brokerage offers, and digital asset custody, secured a minimal viable product license a number of months after getting a provisional license in June.
The way forward for recruitment in Web3 period
Web3 can present an ecosystem the place a credential holder can share a zero-knowledge proof presentation with out sharing the unique credential.
How I bootstrapped my firm and what I discovered via the method
Geraldine Pang, Founding father of Inventive For Extra, talks about some classes she has discovered alongside the best way in bootstrapping her firm from the bottom up.
scale up your DTC recreation with funds
These trying to develop their enterprise should transfer quick and embrace new methods of working, and funds is an integral a part of the plan.
A stroll via the expansion of e-commerce in Singapore
The way forward for e-commerce in Singapore seems to be brilliant with the continued progress of on-line shops and excessive demand for high quality merchandise.
9 suggestions for making a distant work cybersecurity coverage
From guaranteeing methods are up-to-date to putting in VPNs, cybersecurity is crucial and requires the collaborative work of your entire crew.
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The publish Ecosystem Roundup: Venteny will get the nod to go public; Flash Espresso, Sirclo axe jobs; Sequoia is sorry for FTX investments appeared first on e27.