Pressroom

Ascott will buy Somerset Metropolitan West Hanoi

CapitaLand’s Ascott is to acquire a residential project in Hanoi Ascott is acquiring the 364-unit Somerset Metropolitan West Hanoi. The project is situated in Hanoi’s new central business district. It’s close to several government agencies as well as local and international corporations. It takes 10 minutes to drive to the Vietnam National Convention Centre, the […]

In more than a year against COVID-19, Vietnam’s effort is rewarded

In more than a year, Quang Tri’s 340MW Gas Power Factory will start functioning Authorities of Quang Tri province have just had an online meeting with Gazprom to accelerate the progress of the 340MW gas power project. Chairman of the province’s People’s Committee Vo Van Hung said that the project is invested by Gazprom International […]

MFast raised $1.5 million Pre-Series A from Do Ventures

The funding round is led by Do Ventures MFast has secured US$1.5 million in pre-Series A round of investment. Led by early-stage VC firm Do Ventures, the round also saw participation from JAFCO Asia. This fintech platform enables Vietnamese to access financial and insurance service packages. While financial services are widely offered in the urban […]

Finantier raises 7-figure USD to take its open finance solution to Philippines, Vietnam, Thailand

Finantier, a Singapore-based open finance startup, has raised 7-figure seed capital in a new funding round led by Global Founders Capital (GFC) and East Ventures (EV). Existing investors AC Ventures, Y Combinator, Genesia Ventures, Two Culture Capital, besides new investors such as Future Shape, Partech Partners, Taurus Ventures, Saison Capital, and GMO VenturePartners, also participated. […]

Netflix is getting into the e-commerce field, selling merchandise tied to its popular series, competing with Disney

During the pandemic, both online shopping and streaming subscriptions saw significant growth. Netflix Inc. has sold more than 200 million people a subscription to its streaming service. Additionally, Netflix fandoms have been excited by partnerships and licensing agreements with retailers that offered fun, themed products, including fashion and lifestyle items. For example, the “merchandising bonanza” […]

Carro becomes the 14th unicorn of Southeast Asia

Singapore-headquartered startup Carro, one of the largest online automotive marketplace for used cars in Southeast Asia, has joined the unicorn club after having raced past the $1-billion valuation mark due to the $360-million raise in a series C round led by SoftBank Vision Fund 2, the giant venture capital fund of Japan’s SoftBank Group, which […]

Vietnam’s Phenikaa Group strategically invests $1.5 million in BusMap-owned startup

Financing and endorsing the development of young, potential startups, spinoffs and entrepreneurs with disruptive, practical, socially-beneficial technological initiatives are the approaches taken by Phenikaa Group to acquire achievements in the science and technology sector, to foster Vietnam’s young generation, and to bolster the Vietnamese intellectuals. A number of technological products and solutions made by Phenikaa […]

Many great investors promote their investments in Vietnam & Southeast Asia’s market

The Vietnamese ride-hailing platform Emddi developed by experts at Vietnam National University Hanoi (VNU-HN) has raised $2 million at the online financing and fundraising event Virtual Investment Day held on May 28th by venture capitalist ThinkZone Ventures.. Emddi is used by about 30,000 taxis in more than 40 provinces and cities. The funds raised will […]

STIC invests 500,000USD in Coolmate.me

Coolmate.me is known to many people as one of the startups kickstarting for Shark Tank Vietnam season 4, and also reaching an agreement to contribute capital from Shark Binh with $500,000 in exchange for a 10% share of 2.5 % advisory shares. Recently, the startup Coolmate.me continues to announce that it has successfully raised capital […]

Vietnam’s Mekong Capital invests $10m in water purifier maker Mutosi Group

Vietnam-based private equity firm Mekong Capital has invested $10 million in the water purifiers manufacturer and distributor Mutosi Group, according to a statement on Wednesday. This investment was made through Mekong Enterprise Fund IV (MEF IV), Mekong Capital’s largest fund which secured its final close earlier this year at $246 million. Mutosi Group specialises in water purifiers and electrical […]