Vertex Ventures Southeast Asia & India recently led Kuku FM’s Series A funding, an audio content platform. What started as an endeavor to understand the vernacular digital content landscape in India ended up with us building conviction in the audio content space and backing Kuku FM.
FinTech payments platform Nium, based in Singapore, is expanding its global reach to service Kasikornbank’s Asia-Pacific customers in Indonesia, Korea, Malaysia, the Philippines and Vietnam.
We have pledged our time to mentor and support 1,000 startup founders and aspiring entrepreneurs to raise $50,000 for charity. Besides working with Beyond Social Services to help disadvantaged families in Singapore, we are happy to be a partner of the Mentor for Hope initiative.
Validus Capital has raised USD 20M in its ongoing Series B+ funding round, including the more than USD 14M already in the bank. This round was led by Vertex Growth Fund and the Kuok Group's Orion Fund, managed by K3 Ventures.
The company will focus on deepening its presence in Japan and the rest of developed Asia, while planning expansion into the United States and new markets such as the Middle East, with the aim of securing substantial new users and artists.
Indonesia-headquartered HappyFresh could achieve a net profit in the coming months, a milestone for Southeast Asia’s loss-making online grocery industry and a hint of the Covid-19 pandemic’s game-changing impact.