Ecosystem Roundup: New Fund Launched, Travelca SPAC US Listing, and What exactly is the Clubhouse?

    How did Gojek and Bukalpak find the initial spark that turned them into veterans; Product validation is an important step in knowing if a startup idea can succeed; Achmad Zaki, the founder of Bukalpak, believes that no business can be developed by targeting the entire market at once; Instead, the ideal segment to start with is the one that is most profitable. more here

    Traveloka generates inventory through SPAC in the US this year; The Indonesian travel giant has engaged JPMorgan Chase as a plan for the public to move rapidly amid capital inflows into the stock market; Traveloka is thought to be close to US $ 6bn; The company joins a growing list of Spanish startups who want to list in the US through SPACs. more here

    Clubhouse: Promotions gimmick or the future of events and podcasting?; People describe it over the last few days as ‘Ticketlock for Grow-Ups’, ‘Never-ending zoom webinars’, ‘What substack’, ‘One-feature app’ and ‘First social network’ which is different from a decade Seems like ‘; In truth, the clubhouse is probably a mixture of all those things. more here

    Business group launches ‘single market’ scheme for Southeast Asian e-commerce industry; Simplified customs procedures for low-value goods, a regional locker network for logistics players, and even a pilot for land-based cross-border trucking were among the proposals for a possible integrated ecosystem. more here

    India, SEA-Centered VC Avatar Ventures Raises Nearly US $ 100 Million of New Fund; Avataar focuses on the growth-stage startup of B2B and SaaS; It invests in startups between US $ 10mn and US $ 30mn, with annual recurring revenue of at least US $ 15mn. more here

    How Lipship Grab Gives a Run for its Money in Vietnam with a Unique Combination of Food Delivery and Podcasting; This enables customers to listen to multiple podcasts while waiting for their food delivery; In 2019, it closed its Series B round with Smilegate Investment; Skype’s co-founder Jan Tallin’s Metaplanet recently invested in Losip. more here

    Singapore’s Budget 2021: Increased support for Deptech, increased venture loan program announced for startups; 500 fellowships will be launched under the National Research Foundation to improve mastery expertise in areas including cyber research, AI and HealthTech. more here

    Vietnamese nanotech firm Wakomono wants to raise US $ 20mn for expansion; The potential investment is expected to support its plans to close its medical wear, food and agricultural and cosmetic production businesses into separate entities; The firm is currently focused on the production of antimicrobial masks and medical protective gear. more here

    Indonesian early-stage VC firm SALT Ventures launches US $ 20 million fund II; The firm focuses on companies in the creative industry (asset-light, tech, or tech-enabled); The primary focus will be B2C; SALT’s Fund I was closed last year and supported 14 pre-seed, seed-stage firms. more here

    TRIVE Ventures launches US $ 2mn venture philanthropy fund to support cash-strapped founders in Singapore; The fund will issue financial assistance of up to US $ 75K to each successful applicant in the form of a SAFE note; It intends to support 10 founders over the next 12 months, and demand should increase with plans for more support. more here

    Thai insurtech startup AppMan raised US $ 4.6mn; Investors include Siam Alpha Equity, Krungsree Finovet, Casemate, KTBST Group, Pomes Ventures; AppMan aims to enable insurers to digitally enable their sales agents and move from paper-based work to an automated process; It also has offices in Vietnam and Indonesia. more here

    Thai Government. Warned to punish citizens who criticized the monarchy using the clubhouse; A large number of Thais have joined the clubhouse in recent days after critics of Japan’s Thai palace joined on Friday and began discussing the monarchy; The government regularly uses cybercrime law to prosecute critics of the monarchy on national security grounds. more here

    Temasek, Vickers join US $ 40mn funding round of Canadian geothermal tech firm Avere; It offers Eavor-Loop, a technology that makes the Earth’s natural heat similar to a rechargeable battery to provide a consistent energy source for homes. more here

    Shopian expands logistics services in Malaysia to deliver next day delivery; The e-commerce giant introduced 10 new Shopee Xpress drop-off points in the country; It partnered with ParcelHub and MBE Malaysia and brought the total number of drop-off points across the country to over 300. more here

    Hold partners with Unipin, Yummy Corp to expand payment and F&B services in Indonesia; Unipin is a payment solution platform for online games that allows gamers to top up their digital purse through the ride-through giant platform; Grab, F&B attempts to allow merchants to use Yumi Corp’s network of 80 cloud kitchens across Indonesia to launch virtual restaurants. more here

    Meet 2 SEA Startups Joining Allens’ LegalTech Accelerator; They are, an enterprise software platform that contracts into structured and analyzable data to uncover new business insights; And Avoca, a startup implementing document automation, negotiation and analysis tools for in-house legal, law firms, and business teams. more here

    This Indonesian farmer startup produces ‘leather’ used in shoes and purses without killing a single animal.; MYCL cultivates mycelia (a type of fungus) with sawdust to substitute for animal-based leather; The whole process consumes much less water than the traditional animal-based leather making process. more here

    The world of the epidemic and its fate in a post-epidemic world; Many real estate professionals use tech like virtual viewing and live walk-through videos to make tenants feel as if they are touring the property without setting foot inside the space. more here

    US-based Pinoy Lending Startup Plantina BNPL Taps 7-Eleven for Online Grocery; Customers can avail CLiQQ Wallet Credit from Plentina App on loan and pay back after 14 days; CLiQQ wallet credits can be spent at 7-Eleven stores and at CLiQQg, the convenience store’s newly launched online grocery. more here

    APAC improves digital citizenship during epidemic: Microsoft; Singapore and Taiwan rank among the top five in the world with the most favorable Digital Sensitivity Index (DCI) scores, ranking fourth and fifth respectively; Indonesia and Malaysia reported the least favorable DCI scores. more here

    A bright future ahead: how SEA tech startups are moving forward; Although global events are predicted, 2020 has been a good year for tech startups in Southeast Asia; The region has continued economic growth and VC investment due to its rapid recovery time; The sector is a domineering market, which has increased investor interest during 2020. more here

    Philippines Announces 3 Digital Entrepreneur Support Programs; ‘Kapitid Mentor Me’ aims to help MSMEs build and sustain their businesses through weekly coaching and mentoring by business owners and practitioners on various functional areas of entrepreneurship; It has already been launched in 15 regions and has assisted 2K farmers and around 500 unions and cooperatives since 2017. more here

    Cloud tech is critical to local epidemic supply; According to NTT’s 2021 Hybrid Cloud Report, the epidemic has forced 93.8% of Singapore’s businesses to trust technology more than before, but the crisis has also highlighted that cloud infra, security and network architecture capabilities. In terms of what companies lack, therefore driving digital innovation on the end of these businesses. more here

    GoBear shutdown and other fintech trends in SEA; In general, fintech startups have survived the outbreak of an epidemic against the economy, with many flourishing for consumers seeking to conduct their financial affairs from home; Many governments in the region are encouraging this digital development through support and encouragement for those wishing to develop fintech products. more here

    Thailand’s Digital Economy Promotion Agency (DEPA) focuses on sports service providers; As part of its support of the game industry, the agency and the Thai Game Software Industry Association will formally roll out the Depa Game Accelerator Program on 2 March 2021 at the Thailand E-Sports Arena in Street Ratchada. more here


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