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Ecosystem Roundup: Should SEA startups jump the SPAC bandwagon?; SEA becomes centre for instant cross-border payments growth



Indonesian cloud kitchen startup Yummy Corp baggage US$12M Sequence B; Buyers embrace SoftBank Ventures Asia (lead), Vectr Ventures, Appworks, Quest Ventures; Up to now, Yummy claims to have served over 5M meals and has over 70 kitchens serving greater than 50 model companions. e27

Malaysia’s JomParkir secures Sequence A from Korean VC TheVentures; The good parking startup will capitalise on Korea’s advance expertise to be a vehicle-to-everything tech firm in SEA; JomParkir is working with MARii, Cyberview, MDEC, MaGIC, Cradle in the direction of making Malaysia a smartcity. e27

Aware consumption is driving the development in foodtech, says White Star Capital research; In Asia, meals supply and on-line grocery gross sales are rising at a 24.4% CAGR, accounting for a 55% share of the worldwide on-line meals supply market; Pet meals is a sub-sector that has grown greater than 33x since 2011, reaching US$375M globally in 2019. e27

What does Peter Thiel-backed SPAC Bridgetown’s IPO imply for SEA’s startup ecosystem?; SPAC is quicker than a conventional IPO and it includes much less course of and legwork wanted to go public; It may also be an effective way to introduce liquidity into tech corporations in addition to skilled government expertise into non-public corporations. e27

Google Pay launches all-in-one funds resolution for Singapore; Customers can ship and obtain cash as simply as sending a chat message even when the recipient isn’t on Google Pay; The mixing helps Singaporeans who’ve a couple of checking account to streamline cash transfers from totally different banks on one platform. Tech Coffee House

Central Meals Retail to launch B2B e-commerce platform; Named Chef Yim, it can present entry to recent components from Thailand and overseas to native eating places, cafes, inns, caterers; The app will supply components from a community of over 1K suppliers nationwide. Bangkok Post

Policymakers have to be delicate to influence of digital instruments on inequality, says S’pore Minister Desmond Lee; Decrease-income households within the city-state confronted extra challenges with duties equivalent to on-line studying through the circuit breaker interval. The Straits Times

As Chinese language funding dries up in India, native tech startups are wanting elsewhere; Following political tensions between the 2 international locations, Indian authorities rolled out a brand new coverage in April to dam opportunistic takeovers; China is by far the biggest provider of overseas funding, and the preliminary results of the funding roadblock are already felt. KrAsia

SEA turns into centre for fast cross-border funds progress, says analysis; ASEAN is transferring in the direction of having its very personal Europe’s SEPA-style funds community; SEA has been making strides when it comes to innovation in real-time funds with many regulators launching instruments together with on the spot funds, QR codes, and real-time direct-debit networks. Fintech News

Malaysia’s Kenanga companions with Merchantrade to launch personal e-wallet; Kenanga Cash will allow purchasers to simply switch funds from their inventory buying and selling account into an e-wallet and pay as you go card for retail funds, remittance and withdrawals worldwide. Fintech News

Cellular operator M1 allows 5G in Singapore; Beginning at simply S$15 for 25GB and as much as S$40 for 100GB, the 5G Booster packs shall be prolonged to all M1 clients with appropriate 5G non-standalone units; M1 is on observe to begin the rollout of its 5G Standalone community early subsequent yr. Tech Coffee House

Prudential Myanmar and Pun Hlaing Hospitals collaborate to supply AI-based digital healthcare service; The partnership will concentrate on the event and supply of digital options to supply inexpensive and accessible healthcare to individuals throughout all socioeconomic segments in Myanmar. Myanmar Tech Press

5G is elevating forward in Asia as it’s poised to reshape connectivity; In Could, Bangkok turned the primary metropolis in SEA to roll out 5G, whereas Singapore in Aug began a 6-month trial; With 1.14B subscribers, APAC is the biggest area for 5G adoption; It may account for nearly 65% of worldwide 5G subscriptions by 2024. Yahoo News

Razer Fintech retains choices open on digital banking licence in Malaysia, says CEO; In Singapore, it leads a consortium of Sheng Siong Holdings, FWD, LinkSure World, Insigna Ventures Companions and Carro to bid for digital full financial institution licence; It can take up 60% stake in Razer Youth Financial institution. Bernama

Is your startup the following Tik Tok?; The Bytedance-owned app developer seems headed for a shutdown within the US, after the already convoluted talks stalled out this previous week; For startups with bodily provide chains, current tensions are squeezing enterprise exercise from Chimerica out into different elements of the world. TechCrunch

Logistics companies wield digital instruments to spice up operations; Moreover security issues, logistics gamers have additionally been utilizing digital instruments to enhance operational processes; The general effectivity that expertise brings to asset and manpower administration can assist corporations optimise sources and streamline operations. SGSME

Amidst COVID-19, the place are the unicorns of SEA; Most unicorns in Southeast Asia need to face actuality and reassess their enterprise technique to survive the winter; Here’s a take a look at how these unicorns –Traveloka, gojek, Seize, Bukalapak — are serving to construct the SME ecosystem. Tech Collective

Within the powerful market of co-working areas, WORQ believes it has what it takes; Its latest US$2.4M funding reveals that not all traders are unfavorable on the co-working mannequin; It predicts actual property shall be consumed on a buy-as-you-need foundation and if corporations want a bite-sized house one desk at a time, they need to have entry to it. Digital News Asia

Entrepreneurship and investing as social good; More and more, angels, institutional funds have begun allocating a portion of their funds to startups targeted on range and social good; For startups of all sizes, democratized entry to traders will speed up using capital for social good. TechCrunch

WeWork pulls again on Asia ambitions with sale of China enterprise; With this, the agency will hand over majority management of its Chinese language JV; Its native associate Trustbridge Companions will make investments an extra US$200M within the JV which is able to give it a majority stake in WeWork China; The co-working areas large manages greater than 100 areas in 12 Chinese language cities. Nikkei Asia Review

Why digital occasions needs to be a part of your advertising combine; The chance on your firm in collaborating and sponsoring digital occasions is large, arguably equal and even larger than in individual occasions as a result of digital occasion presence scales higher. The Next Web

Ohmyhome shares the rationale behind its incursion into Philippines; For co-founder Rhonda Wong, the enlargement is a well timed transfer for each Ohmyhome and the nation’s actual property trade; With over 5K property transactions in Singapore and Malaysia and a buyer satisfaction charge of 99%, Ohmyhome expects to duplicate the feat because it advances its technological capabilities in Philippine. Pinoy Manila

Photograph by Christopher Goweron Unsplash

The submit Ecosystem Roundup: Should SEA startups jump the SPAC bandwagon?; SEA becomes centre for instant cross-border payments growth appeared first on e27.



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