Singapore-Headquartered Retail Analytics Firm Raises USD 100 Million

Aug 1, 2019

Singapore-headquartered Trax, a provider of computer vision and analytics solutions for retail, announced the successful closure of a USD 100 million Series D investment round on 23 July 2019. The transaction was led by Chinese private equity firm, HOPU Investments. ...

Line to Launch Online Grocery Service in Thailand

Aug 1, 2019

Japan-based chat app operator Line has announced that the company will launch an online grocery service in Thailand by the end of 2019. The service, called Line Man Grocery, will enable customers to have food and other items delivered home. In addition, the company is...

Indonesian Coffee Business Startup Raises USD 20 Million

Jul 1, 2019

Indonesian startup, Kopi Kenangan raised USD 20 million from Sequoia India in June 2019. Previously in October 2018, the company raised USD 8 million in seed funding in a round led by AlphaJWC. Founded in 2017 by Edward Tirtanata and James Pranato, the start-up aims...

MDEC Chooses Synagie to Accelerate E-commerce Adoption in Malaysia

Jul 1, 2019

MDEC is the Malaysian government’s lead agency tasked with driving the growth of the digital economy in the country. Together with the Ministry of International Trade and Industry, MDEC heads the National eCommerce Strategic Roadmap, an initiative meant to spur on...

7-Eleven Eyes Expansion Worth USD 69 Million

Jul 1, 2019

Philippine Seven Corporation (PSC), the exclusive licensor of 7-Eleven in the Philippines, announced plans to spend PHP 3.5 billion (USD 69 million) primarily to roll out new stores and re-model existing outlets as part of the company’s long-term development plans....