theAsianparent bags funding from SCB 10X - the venture capital arm of Siam Commercial Bank. theAsianparent plans to work with SCB 10X to improve financial literacy among young families in Thailand. This includes providing curated financial information and analysis that will assist parents to make informed decisions on household financial matters such as children's education and rainy-day funds.
SCB 10X's investment closes the parenting community platform's Series C round, which also saw other investors including Fosun International, JD.com, Vertex Ventures, ATM Capital, Redbadge Pacific, Mirae Asset Financial Group and Naver Corporation.
Vertex Ventures Southeast Asia and India (VVSEAI) was the first institutional investor in Grab. Since then, the ride-hailing firm has raised over USD 10B in funding and is now ranked as one of the region’s most innovative companies. Grab is just one of the many established businesses that comprise VVSEAI’s portfolio, which includes startups like Patsnap, Nium, FirstCry, Asian Parents. 17 Media, HappyFresh, Warung Pintar, and Licious.
Validus Capital has joined the Singapore banks in offering government-backed loans under Enterprise Singapore's Enterprise Financing Scheme. The Singapore-based fintech this week secured official approval to offer small and medium-sized enterprises (SMEs) financing that has up to 90 per cent of the risk taken up by the government.
How meat and seafood brand Licious made the most of the pandemic tailwinds and now has revenue of Rs1,000 crore in its sights by March 2021. Can it get there?
Untraceable and invisible. Contagious and dangerous. These words describe the infection clusters at kos-kosan (rooming houses) that are seldom discussed. Jakarta Post shares how they see RoomMe setting the health safety benchmark in Indonesia's kokosan.
The co-living startup has nearly 10,000 rooms across 12 cities in Indonesia.