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Editor's take: The week that was — May 10-15

Lupa Systems and former Walt Disney Asia Pacific president Uday Shankar have launched Seven Islands Inc, a new blank-cheque company aiming to raise $300 million to invest in the South and Southeast Asian region. The SPAC will invest in the media, entertainment, consumer technology, healthcare, and education industries in Southeast and South Asia, with a particular focus on India. After a frenetic quarter for SPACs, the fad around this listing alternative is coming to “a more normalised cade...
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SG fintech startup Qapita raises $5m in MassMututal-led funding round

SG fintech startup Qapita raises $5m in MassMutual-led funding round Co-founders of Qapita: (L-R) Vamsee Mohan, Ravi Ravulaparthi and Lakshman Gupta. April 20, 2021 Qapita Fintech, a Singapore-headquartered fintech and legal-tech startup, announced raising $5 million in a pre-Series A funding round led by US and Singapore-based venture capital firm MassMutual Ventures. The startup, which provides employee stock ownership plans (ESOP) and capitalisation tables (CapTables) management SaaS solutio...
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Qapita raises $5 mn in Pre Series A round led by MassMutual Ventures

Qapita, provider equity management SaaS solutions serving customers in India and Southeast Asia, today announced that it raised a $5 million Pre-Series A round led by MassMutual Ventures. Hyderabad-based venture capital firm Endiya Partners and India-based angel investors including Anjali Bansal (Founder of Avaana Capital), Sujeet Kumar (CoFounder of Udaan) and CEO of an India-based decacorn also invested in this round. Qapita helps private companies and startups record and manage capitalisat...
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FOCUS-In Southeast Asian internet battle, Sea's rise sends rivals scrambling

(Repeats story from March 23; no changes to text) SINGAPORE, March 23 (Reuters) - In front of an open-air Jakarta restaurant, delivery drivers clad in the orange colours of Southeast Asia tech group Sea Ltd wait for orders next to the green-jacketed riders of market leaders Gojek and Grab, in what has become the latest battleground for tech supremacy in Southeast Asia. The humble noodles eatery signed up for Sea’s nascent ShopeeFood service a month ago, but “immediately, there were orders e...
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GIC reportedly buying 9% of Indonesia's Bank Jago to tap Digital Banking Business -Asian Wealth Management and Asian Private Banking

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Source: hubbis.com

Singapore's edtech startup Cialfo extends Series A round to $15m

streetAsias premium subscription service Unlock your competitive advantage in a rapidly evolving landscape. Our packages come with exclusive access to archive content, data, discount on summit tickets & more. Be a part of our growing community now. SUBSCRIBE NOW Singapore Reporter/s In Singapore, we are lookin...
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