Thai startup entrepreneurs' confidence has continued to fall, dipping to 51.85 for the third quarter because of lack of funding sources, the faltering economy, cautious consumer spending and intensified competition from international players, according to a Government Savings Bank (GSB) survey.
Even expectations for the next three months remained low despite the high season for touris...
Previously known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem having been acquired from Central Group.
The Thailand-headquartered digital fashion brand Pomelo announced the completion of an acquisition of fashion e-commerce platform Looksi, according to a press statement. The value of the deal was not disclosed.
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One of India’s largest industrial houses, Reliance Industries, has acquired a majority stake in NowFloats, an Indian startup that helps businesses and individuals build online presence without any web developing skills.
As per normal regulatory filing, Reliance Strategic Business Ventures Limited said (PDF) it has acquired an 85% stake in NowFloats for 1.4 ...
Social media startup Yubo, the social platform where Generation Z creates communities of friends around the world, announced a $12.3 million fundraising round led by Iris Capital and Idinvest Partners, alongside historical investor Alven, Sweet Capital, and Village Global.
Already with a predominantly English-speaking user base (mainly in the United States, the United Kingdom, and Australia), t...
The Thailand startup industry which despite hosting lots of events in the last two years and a lot of “hot air” from various agencies, has been seriously lagging behind countries in South-east Asia like Indonesia, Singapore and Vietnam. Recently even Malaysia has overtaken it in terms of the number of startups, startup capitalization values and evaluations.
The biggest hurdle ...
Myanmar based food delivery startup, Hi-So Co which is a business spin-off of Hi-So Mall, an e-commerce platform owned by Myanmar's Htun Khaing International has recently announced major expansion plans.
The Singapore-registered startup which is based in Myanmar and also owns a food delivery startup under the same brand name in Myanmar, has secured “six-digit funding&rdquo...
Previously known as Zalora Thailand, Looksi will have its platform and social media presence being merged into Pomelo ecosystem having been acquired from Central Group.
The Thailand-headquartered digital fashion brand Pomelo announced the completion of an acquisition of fashion e-commerce platform Looksi, according to a press statement. The value of the deal was not disclosed.
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Malaysian startup,HOMAGE, an on-demand caregiving services platform that combines qualified care professionals with smart technology, announced that it has raised close to US$ 10 million in a series B funding. The round was led by EV Growth, with Alternate Ventures and KDV Capital as new investors and existing investor HealthXCapital also participating.
EV Growth VP of Investment Yinwei Liang (l...
Malaysian Startup, StoreHub has raised a US$8.9 million (RM36.2 million) funding round led by returning investors Vertex Ventures Southeast Asia & India, with participation from Accord Ventures and a private family office with dual headquarters in Southeast Asia and Europe.
STOREHUB Founders
The funding round brings StoreHub’s total funding to US$15 million (RM61 million). The ne...
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