The funding round is led by Japanese advertisement solutions firm, FreakOut Holdings Inc.
The firm currently focuses investing on Indonesian based companies only.
MIT proposes a private placement of 90.44 million new units to raise a minimum gross proceeds of S$175 million (about US$129 million).
Atap.co will use the fresh capital to solidify its market presence in Malaysia, which includes developing a physical experience centre in Petaling Jaya.
The wellness tech startup plans to use the proceedings to expand its on-demand fitness platform infrastructure that integrates all business lines belonging to The Fit Company.
MAPCO will develop a rice project in Myanmar together with the Chinese construction group.
Ekuinas will use the funds to continue accelerate the growth of local and high potential businesses.
The venture capital firm is looking to tap new opportunities and entrepreneurial talent in the market.
Thakral Corporation’s joint venture (JV) with Current Body is aimed at expanding its market in China.
Social selling platform Ecomobi has completed its second funding round from Vietnamese ESP Capital and South Korean Nextrans.