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Ecosystem Roundup: Grab confirmed its plan to list in the US, and SEA received a new venture capital fund

Grab confirmed its US listing plan with the Altimeter partnership with a valuation of US $ 39.6 billion; It would provide the Southeast Asian technology giant about US $ 4.5 billion in cash proceeds; The organization combines hopes that its securities will be traded on NASDAQ under the GRAB symbol in the coming months. More here

SEA startups beat the blues epidemic to raise a record $ 6 billion in the first quarter; As reported by DeaslStreetAsia, companies in the region have signed at least 211 deals in the first quarter to raise nearly 70% of total guaranteed capital by 2020; Regarding the number of transactions, the period from January to March increased by 48% q-o-q and 43% y-o-y. More here

Bukalapak bag US $ 234 million; Leading investors are Microsoft, GIC and Emtek; If the local listing comes to fruition, Bukalapak will then seek to merge with an SPAC in the United States; Bukalapak is planning to list in Indonesia and has asked Bank Mandiri’s securities branch to assist in this process; Bukalapak, last valued at US $ 2.5 billion in 2019, claims it has more than 100 million users on its platform. More here

Genesis Alternative Ventures finalized the $ 80 million venture debt fund; Genesis claims to date it has deployed more than $ 30 million for a portfolio of 12 companies backed by joint ventures across Southeast Asia; Genesis positions itself as a private lender to growth and adventure companies funded by tier one VCs. More here

The shipper raised $ 63 million Series B USD from DST Global, Sequoia India; Funding will allow Shipper to invest more in technology and significantly expand its logistics network; Shipper offers delivery and fulfillment service through its fulfillment center network, delivery partner and digitally managed point of sale.

Fave was acquired by Pine Labs for $ 45 million USD, to expand its consumer payment application to India; Fave, which also offers a loyalty refund platform for restaurants and retailers, operates in 35 cities across Southeast Asia; Fave has raised $ 32 million so far from investors including Sequoia India, SIG Asia Investment and Venturra Capital. More here

Draper Startup House acquires HATCH! expanding startup network to Vietnam; The capital contribution and cash agreement will create a new Vietnamese legal entity, with investors including Pham Vinh, a UK-based real estate developer; It aims to attract Draper Startup House’s digital nomad fans, such as remote workers and other tourists to Vietnam because of its culture, geography, and talent. More here

How KK Fund evaluates an early stage startup for investment; “The management team is the most important factor because we cannot change the management team once we invest in a company,” he said. More here

Ex-VinaCapital Ventures US $ 50 million Touchstone Partners fund operator reaches first close; Touchstone seeks to invest in Vietnamese startups in fintech, real estate, healthcare, education and technology to improve efficiency in key value chains such as manufacturing and agriculture; Notable Touchstone supporters include Pavilion Capital and Vulcan Capital. More here

Tribe raises funds to expand its acceleration program globally; Investors include Korea Investment Partners, Mandiri Investment, Greg Kidd (an initial investor in Twitter, Coinbase and Square); Tribe will use the funds to develop accelerator programs and academies to newer markets, including the US, South Korea, Indonesia and the HK. More here

Docosan raised US $ 1 million to provide online healthcare services in Vietnam; The investors are AppWorks, Huat Ventures and David Ma; The Docosan app allows patients to compare healthcare providers, book appointments, chat with primary care aides and manage free health data; It claims to have helped 50,000 patients in Vietnam book appointments with doctors in 35 specialties so far. More here

Tembusu Partners’ esports fund invests US $ 1 million into Singapore’s RSG; FrontSight Capital Fund seeks to capitalize on the exponential growth potential of esports in the region, where online entertainment and play is driven by digital adoption and transformation; It plans to launch a second fund in the future to capitalize on the burgeoning esports industry in Southeast Asia. More here

Dat Bike pocketed $ 2.6 million before Series A to bring more electronic motorcycles to Vietnam; Investors are Jungle Ventures, Wavemaker Partners, Hustle Fund, iSeed Ventures; The company claims its flagship Weaver model (which retails for $ 1,700) can compete with a gas bike in terms of power and range and is powered by a 5,000W engine that helps it accelerate from zero. to 50kmph in three seconds. More here

Former MDEC CEO Yasmin Mahmood joins global AI company Skymind as Chairman; With a presence in 17 countries, Skymind develops innovative AI technologies that it claims have been implemented in Fortune 500 companies including Nvidia, IBM, Huawei and NASA; Last year, their venture arm launched a US $ 800 million fund to support promising new AI companies and academic research across the globe. More here

Otsaw Digital launches home delivery robot in Singapore; Named Camello, the robots are currently undergoing a year-long trial with their services made available to 700 households; Users can set delivery locations for groceries including milk and eggs, and they will be notified via an app when the robot is near the pick-up point, such as the lobby of an apartment building. More here

How Xendit rose quickly in the crowded fintech space of Southeast Asia; Xendit, which started as a P2P provider in 2015, was the first Indonesian company accepted into the YC seed stage accelerator; In the middle of the 12-week program, the startup turned into a payment gateway company – a bet that worked. More here

Fundraising 101 for early stage startups; Make sure you are nurtured for good reasons; For example, if your product market relevance (PMF) is shown and sales are increasing, hiring a customer service is a good example of using matching funds; But if you haven’t hit PMF yet, see poor retention and then want to raise capital, hire more salespeople to increase sales, that’s a bad use and probably won’t find it. Investors. More here

The difference between seed funding and early stage funding; Seed money is money raised from investors and used to start a business; Initial phase funding consists of two parts – Chain A generates more funding than seed funding, but higher risk; VCs are more likely to invest in your business at this stage, and the capitalization method involves allocating preferred stock to investors. More here

How changes in work from home impact SaaS security; In the world of remote work, SaaS applications have become an attractive option for bad guys; Just thinking about typical employees, working off-site, untrained in security measures and their access or privilege increases the risk of sensitive data being stolen, exposed, or stolen. violate. More here

3 AI-based digital marketing strategies your startup needs right now; When it comes to online advertising, AI is the superpower all SMEs should have for three main reasons: to optimize ad spend, create compelling content, and drive campaigns. creation. More here

Image credit: Grab

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