SoftBank-backed travel tech startup Yanolja acquires Korean e-commerce company Interpark 

South Korean travel tech startup Yanolja has acquired a 70% stake in a listed South Korean e-commerce pioneer, Interpark, for about $250 million.  The company plans to use the acquisition to make further inroads into the overseas tourism industry. Interpark offers online travel booking services and international shipping to more than 230 countries and targets […]

Singapore-based insurtech startup Surer nabs seed round to bolster its product development

There is an imbalance between demand and supply of general insurance due to the tedious workflow and processes that insurance intermediaries and insurance companies face.  Singaporean insurtech company Surer, which automates the workflow and processes via a cloud-based platform, helps insurance intermediaries get rapid access to insurance quotations and insurers to distribute their products more efficiently. […]

Company-builder VC Antler says it can back startups to Series C, but what are its terms?

Emerging out of Singapore as primarily a “company builder” in 2017, Antler made its name as a runner of a global startup generator program and investing from a very early, pre-seed stage. It tended to throw teams together, mix in a tech stack and spit out startups at a prodigious rate. But things have progressed […]

ThoughtFull gets $1.1M seed to make mental health support more accessible in Southeast Asia

Depression and anxiety were taking a serious toll on peoples’ well-being even before COVID-19, and the pandemic prompted more interest (and venture capital) in mental health startups. While many of the highest profile mental health startups, like Calm or Headspace Health, are based in the United States, more attention is also being paid to emotional […]

Indonesian ID and data verification startup Verihubs gets $2.8M led by Insignia Venture Partners

For many financial institutions in Southeast Asia, verifying new customers takes a week or two, said the founders of Verihubs. The startup cuts that time down to as little as five seconds, using AI-based identity authentication technology and APIs that let companies continue verifying returning customers through SMS, WhatsApp or flash calls. Verihubs announced it […]

TikTok reached 1 billion monthly active users

TikTok announced in a blog post today that 1 billion people use TikTok every month. That means that on this big rock in space that we call home, about one in seven-and-a-half people are regularly watching short-form videos of dancing, dangerous “milk crate challenges” and even actual educational content. For context, Facebook said that in […]