Page 79

Singapore fintech startup 4xLabs raises US$1.5 million in funding from Dymon Asia, OSK Ventures

4xLabs provides Biz4x that helps money changers improve their topline by helping them acquire new business, optimize price setting, and scale their business.

MyEG in talks to acquire food review website Eat Drink KL

This talks of acquisition comes in the time when MyEG intends to diversify and increase its commercial business.

Indonesian laundry service provider Ahlijasa raises seed funding to expand in Greater Jakarta

Ahlijasa will use the capital to expand its on-demand laundry services within the Greater Jakarta area, before moving into other cities.

RICE Media receives six-digit seed funding to grow brand across Southeast Asia

RICE Media publishes contents which are centered on cultural journalism with an Asia focus.

GDP Ventures in talks to acquire Indonesian online travel agent Tiket.com

Venture capital firm GDP Ventures is currently in talks to acquire more than 50 percent of shares in Indonesian online travel agent Tiket.com. If successful, the investment into Tiket.com will be the second strategic...

Myanmar’s Food2U secures six-digit funding from locales to expand operations

The startup will use the capital to forge partnerships with more restaurants and expand to the city of Mandalay.

P2P lending platform Taralite raises US$6.3 million from Japan’s SBI Group

Taralite started out as a loan platform for personal life events such as weddings and Haji pilgrimage, but it now focuses on providing working capital for small businesses.

Mekong Capital completes investment in Vietnamese logistics firm Nhat Tin

The value of Mekong Capital’s investment is not disclosed, but the fund typically focuses on investments ranging around US$6 million to US$15 million for a minority stake.

Loc Troi Group enters joint ventures with Hunan Yuan in China

Loc Troi Group will set up two joint ventures with Hunan Yuan’s Science and Technology Developer to expand its market in China.

Media Prima Labs partners 1337 Ventures in Alpha Startup program to fund game developers...

Alpha Startups: Game Edition aims to transform game developers to entrepreneurs, providing them with the necessary business and marketing skills to propel their products.