Category: Asia

Malaysia’s Dahmakan chows down $2.6M for its end-to-end food delivery service

Dahmakan, a food delivery startup from Malaysia that graduated Y Combinator last year, has raised $2.6 million as it begins to explore the potential to expand its business across Southeast Asia. The startup distinguishes itself from the likes of FoodPanda and Deliveroo with an “end-to-end” approach to food, that’s to

Mumbrella, a media startup focused on APAC’s marketing industry, gets acquired

Inside baseball klaxon: media writing about media story incoming:: Mumbrella, the Australia-based media company, has been sold by its founders to U.S./APAC events company Diversified Communications. Mumbrella operates media and marketing industry-focused websites for Australia and Asia, an events business and a database service called The Source. It has 33

India’s Vahdam Teas raises $1.4M to bring fresher tea to your door faster

Vahdam Teas, an e-commerce that’s focused on selling the freshest brews on the planet, has closed a Series A funding round worth $1.4 million to grow its business. The funding was led by new backers Fireside Venture, Mumbai Angels, Singapore Angel Network and undisclosed existing investors. The two-year-old company previously

Spotify and Tencent agree to swap stakes in their music businesses

Tencent’s overseas investment splurge continues after the company confirmed a deal with Spotify that will see the duo make investments in each other’s music businesses. Tencent Music Entertainment (TME), the Chinese firm’s subsidiary that manages its music streaming and karaoke services, will make an undisclosed minority investment in Spotify through

Facebook co-founder’s B Capital leads $10M investment in Indian payment startup Mswipe

B Capital, the investment firm from Facebook co-founder Eduardo Saverin that is backed by BCG, has stepped into India after it backed smart point-of-sale company Mswipe in its first deal in the country. The U.S.-Asia fund is investing $10 million into Mumbai-based Mswipe alongside DSG Consumer Partners in what is