The funding comes as a strategic investment for VinaCapital which is a long-time real estate investor and developer
Investors include Temasek Holdings, Temasek-linked Pavilion Capital, and the International Finance Corporation (IFC).
KATALYST project was born with the aim of promoting knowledge and creating business value in Thai startups.
ComfortDelGro said that the strategic investments in startups are from areas of on-demand bus technology, fleet management, and autonomous vehicle safety testing.
Lifelong Online sells home and kitchen products like ovens, gas stoves, cookware, sandwich makers, mixers, grinders, as well as personal care appliances and healthcare devices.
China’s ZWC Ventures has closed its first Southeast Asia and China fund worth US$150 million, the startup also plans to start working on a US$500-million second fund in Q3 this year.
This marks Centara’s entry into one of the world’s fastest-growing tourism markets and enables the company to secure a major Myanmar foothold.
JG Summit Holdings is diving further into the digital space, pouring US$50 million into a unit that will invest in digital ventures and emerging technologies in Southeast Asia.
Indonesia-based Kejora Ventures has reportedly raised over US$100 million for the final close of its Southeast Asia-focused venture fund raised in partnership with South Korean VC Intervest.