IdeaSpace launches 2017 Philippines startup competition

IdeaSpace formally launches its annual Philippine Startup Competition for the 5th time in 2017, now accepting innovative technology ideas.

Singapore-based e-commerce enabler Shopmatic buys technology consulting firm 5X Ruby

Singapore-based e-commerce technology firm Shopmatic has acquired Taiwan's Ruby on Rail's technology firm 5X Ruby for an undisclosed amount. The move was done in part to strengthen the company's research and development team as well as to facilitate the company's international market expansion plans.

Airbnb to increase fundraising round to US$ 1 billion

Airbnb Inc authorised the sale of an additional US$153 million in equity, bringing the size of its current fundraising effort to about US$1 billion.

Practo makes fifth acquisition, buys analytics startup Enlightiks for US$13.9 million

Bengaluru-based Practo has acquired analytics platform Enlightiks in a cash-and-stock deal valued at US$13.9 million. Post acquisition, the entire 50 member team of Enlightiks will join the company to form the Analytics Business Unit within Practo.

Global ecommerce startup Floship bags US$3.5 million funding round

Floship Global e-commerce raises a US$3.5 million funding round. The company plans to use the investment to accelerate technology development and serve more customers on a wider variety of e-commerce platforms.

Japan space entertainment startup ALE raises US$ 6 million from angel investors

A startup firm in Japan, ALE that aims to paint the sky with artificial meteors and shooting stars through a project called Sky Canvas is now a step closer with US$ 6 million funding to launch its project in 2018.

Maverick capital-backed e-pharmacy 1mg buys MediAngels, making its second acquisition of the year

1mg Technologies acquired MediAngels for an undisclosed amount in cash and stocks to enter specialty doctor consultations, corporate health services and insurance partnerships. forms partnership with to create unique local tour and hotel lodging experience

Gobi-backed Triip partners with has formed a strategic partnership to provide an authentic local experience offerings which will give traditional lodging's a competitive edge.

Singapore-based Rewardz secures US$2.1 million strategic investment from Japan’s Benefit One for expansion plan

A Singapore-based startup, Rewardz managed to raise US$2 million from Japan's Benefit One. The fund will be used to fuel profitability and a possible market expansion plan into Japan.

Japan’s fishing record application, ANGLERS raises six-digit figures from 500 Startups Japan and Ignis

Tokyo-based ANGLERS, a fishing record application has managed to secure tens of millions of yen from 500 Startup Japan and Ignis to build a fishing analysis function and a C2C marketplace allowing users to sell the fish they caught.
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