Sequoia India & SEA Announces Its Third Cohort of Early Stage Startups The programme combines $1 million to $2 million of capital for each startup, with company-building workshops and support from a community of exceptional mentors and founders from companies like Gojek, ONE Championship and Tokopedia.
Yoma Strategic, Ayala unit AC Energy set up JV to invest in Myanmar power sector Singapore-listed, Myanmar-based diversified group Yoma Strategic Holdings and Philippine conglomerate Ayala Corporation’s energy platform, AC Energy, have entered an agreement to establish a 50:50 joint venture that will see an investment of at least $30 million into Myanmar-based Yoma Micro Power.
Vietnam-based cricket protein startup Cricket One secures funding from 500 Startups, Masik Enterprises, bringing sustainable alternative to beef, chicken Cricket One was founded by Nam Dang and Bicky Nguyen in 2017 to promote one of the world’s most environmentally friendly food sources beyond the East and Southeast Asian countries.
Shopmatic acquires SaaS multi-channel e-commerce platform CombineSell, rounding out its seller management offers Singapore-based Shopmatic seeks to assist individuals and small firms to kickstart an e-commerce business, from setting up a website to managing cross-border transactions and customer engagement across different social media platforms.
HR startup Sprout raises US$6M from American billionaire Steve Cohen’s VC NY-based Point72 Ventures, American billionaire Steve Cohen’s early-stage VC, has invested a US$6 million into Sprout, a payroll and human resources platform from Manila, Philippines. The Series A round of funding marks Point72’s first foray into Southeast Asia, Tech in Asia reported.