Startups

One Championship group President Teh Hua Fung said he is confident its business model is “inherently profitable,” adding that the “revenue will grow very quickly” once the company has sufficient brand recognition and content. (Source photos by Tsubasa Suruga and courtesy of One Championship) 
Startups

UFC's Asian rival One Championship looks beyond home market

Singapore's mixed martial arts brand prioritizes investment to cement fan base

26 September 2022
BugMo plans to sell burger-soup combos for 1,000 yen ($6.96) in October. (Photo courtesy of BugMo)
Startups

Kyoto startup is eager for you to try its umami-rich cricket burger

BugMo spent a year learning how to pulverize insects so they'd taste like beef

25 September 2022
Bukalapak President Teddy Oetomo is optimistic that the Indonesian e-commerce company is well placed to compete in digital banking. (Photo by Nana Shibata) 
Startups

Indonesia's Bukalapak sees small shops powering digital banking

E-commerce unicorn, Standard Chartered start service for 'underbanked'

23 September 2022
An Aeon Mall in Chiba, east of Tokyo. The company operates shopping centers in over 20 locations across China as well. (Photo by Kosuke Imamura)
Startups

Japan's Aeon Mall seeks Chinese startups for accelerator program

Retail group offers support with eye on innovations in shopping center management

23 September 2022
HappyFresh has staff layoffs, a financial review and other efforts to streamline operations amid mounting debt. (Screenshot from HappyFresh Facebook page)
DealStreetAsia

HappyFresh resumes Indonesia grocery deliveries after new funding

Embattled startup to halt operations in Thailand and Malaysia

22 September 2022
Chih-Han Yu, co-founder and CEO of Appier Group, holds a hammer next to a bell during an event in Taiwan to mark the company's listing on the Tokyo Stock Exchange in 2021.
Technology

Taiwan's Appier eyes U.S. expansion with AI marketing software

CEO sees advanced tech playing bigger role as privacy trend limits data mining

21 September 2022
Singapore-based climate-focused investment company Trirec is targeting green projects in Southeast Asia and beyond. (Screenshot from Trirec's website) 
DealStreetAsia

Singapore green investment firm's venture capital fund raises $75m

Trirec focuses on renewable energy and clean technology projects

21 September 2022
Founded in 2014, Nutrition Technologies manufactures protein from black soldier fly larvae as a sustainable alternative to fishmeal, a common ingredient in animal feed. (Source photos from Nutrition Technologies' website) 
DealStreetAsia

Singapore startup that turns fly larvae into animal feed gets $20m

Nutrition Technologies looking to expand in growing insect protein market

20 September 2022
The administration of President Joko Widodo, pictured, is accelerating Indonesia's transition to electric vehicles, including e-motobikes, to achieve its goal of net zero carbon emissions by 2060. (Photo courtesy of Electrum)
Technology

Gojek-backed JV plans to deliver 2m e-motorbikes in Indonesia

Electrum president says pricier fuel is helping drive shift to electric vehicles

20 September 2022
Carro offers subscription-based car leases in Singapore and other Southeast Asian markets. (Photo courtesy of Carro)
SoftBank

SoftBank rolls out used-car subscriptions with Singapore's Carro

Joint venture brings Vision Fund-backed startup's AI-driven pricing to Japan

20 September 2022
Established in Beijing 10 years ago, ByteDance has become one of the world's most valuable private companies despite finding itself in the crossfire in battles over technology between the U.S. and China.
China tech

ByteDance to spend $3bn to offer exit for investors

Plan values Chinese tech group and TikTok owner at $300bn

16 September 2022
Hong Kong-based PAG has acquired Australia's Patties Foods, which makes snacks such as meat rolls and pies. (Screenshot from Patties' website)
DealStreetAsia

Hong Kong-based PAG buys Aussie food brands Patties and Vesco

Acquisitions by Blackstone-backed investment manager total nearly $472m

16 September 2022
Sahyadri Farms offers a digital platform that informs farmers about high-yield crop varieties, farm inputs, real-time climate information and access to the marketplace. (Screenshot from Sahyadri Farms website)
DealStreetAsia

India's Sahyadri Farms receives $40m in European funding

Company will use money to boost fruit and vegetable processing capacity

15 September 2022
Grab, which reported a $1 billion net loss for the first half of this year, will focus on attaining profitability.
Companies

Grab faces crossroads in food delivery as restaurant dining returns

Southeast Asian leader joins competitors in shaking up growth strategies

15 September 2022
Thailand's Ally Kex is eyeing cash-strapped properties in nearly completed projects in the Bangkok area. (Source photos by AP and Ally Kex) 
DealStreetAsia

Private equity trust Ally Kex receives $55m for Thai property bets

Seed funds will be used to acquire late-stage real estate projects

14 September 2022
Teaming up with Zeroboard, Bank of Ayudhya will seek to gain an edge over its competitors in the market for decarbonization solutions.
Climate Change

Thailand's Bank of Ayudhya to help clients with decarbonization

MUFG Bank unit to tie up with Japanese startup Zeroboard

14 September 2022
Yulu ride-sharing vehicles in New Delhi.
DealStreetAsia

Indian electric bicycle and scooter startup Yulu raises $82m

Funding led by global auto supplier Magna International

13 September 2022
Founded in 2017, India's Agnikul aims to launch its first rocket around the time of this year's Diwali festival. (Screenshot from Agnikul's website) 
DealStreetAsia

Mayfield India set to lead $20m funding for space startup Agnikul

Startup is building India's first private small-satellite rocket

12 September 2022
Ippudo, operated by Japan's Chikaranomoto Holdings, is known for its tonkotsu ramen.
Food & Beverage

Ippudo teams with U.S. startup on ramen vending machines

Yo-Kai Express also receives funding from Japan Tobacco

10 September 2022
Animoca Brands' more than 340 subsidiaries include Grease Monkey Games, Quidd and The Sandbox. (Source photos by courtesy of Animoca Brands)
Cryptocurrencies

Hong Kong metaverse startup Animoca raises $110m amid crypto winter

Singapore's Temasek among new investors in company behind The Sandbox game

9 September 2022
LaSalle's latest fund will invest in projects in places such as Australia, China, Hong Kong, Japan, South Korea and Singapore. (Source image from LaSalle website)
DealStreetAsia

U.S.-based LaSalle raises over $2.2bn for Asia property fund

Will use capital across commercial, residential, logistics, hospitality sectors

9 September 2022
Thai property technology company RentSpree targets customers in the U.S. (Source image from RentSpree Facebook page)
DealStreetAsia

Thai property tech startup RentSpree raises $17m

Company offers rental management software in U.S. market

8 September 2022
A strong supply chain and deft marketing are behind Shein's rapid rise to success. 
Startups

How China's fast-fashion app Shein beat Uniqlo's market value

Network of local suppliers and focus on overseas markets pay off

8 September 2022
Singapore-based 99 Group is understood to be looking at acquisitions that could include Vietnamese property technology startup Propzy. (Source image from Propzy website)
7 September 2022
Docquity says it has over 300,000 doctors learning and collaborating through knowledge exchanges. (Source image from Docquity website)
DealStreetAsia

Singapore's Docquity raises $44m led by Japan's Itochu

Company connects doctors and other medical professionals

6 September 2022