Following the deal, Carousell will be valued at more than US$850 million. Go to Source
Author: Tech In Asia Online News
Battery tech developer secures $955k from 500 Startups, others
Hong Kong-based Volt14 claims its technology can help phone batteries last 85% longer and enable electric vehicles to be 10% to 15% cheaper. Go to Source
Grab extends ride-hailing service to Japan, Middle East via local tie-ups
Ride bookings will be fulfilled by JapanTaxi in Japan and Careem in the Middle East. Go to Source
Healthtech startup Biofourmis, Novartis to launch project in Southeast Asia
The program, which aims to improve clinical outcomes for patients with heart failure, will start in five countries in the region, including Singapore. Go to Source
RedDoorz names two new execs to help drive regional growth
Jupe Tsui and Liviu Nedef join RedDoorz as chief financial officer and group senior vice president for marketing, respectively. Go to Source
Grab launches cab-hailing partnership in Japan
A report indicated that Grab will launch a cab-hailing service in the country on Monday via a local tie-up. Go to Source
Singapore online gift card startup bags $845k in seed funding
Giftano plans to use the new funds to drive growth in its B2C business, add new offerings, and further improve its platform. Go to Source
Sea to offer $1b in convertible notes to drive expansion
Part of the funds will go to other general corporate purposes, such as potential strategic investments and acquisitions. Go to Source
Hong Kong proptech firm Carnot secures $800k from 500 Startups, others
It plans to use the new funds to scale its business and fuel its expansion into Singapore and Thailand. Go to Source
Online classifieds firm OLX to pour up to $400m in Frontier Car Group
Upon completion, the transaction would see OLX as FCG’s largest shareholder. Go to Source