- On 1 March, hospitality startup RedDoorz launched a CSR campaign to provide free accommodation to those in need. Singaporeans can participate here.
- Singapore-based Neuron Mobility is bringing its e-scooter rental services to Korea. The startup will deploy 2,000 e-scooters in Seoul to begin with before “scaling significantly” later this year.
- Xfers has entered a partnership with another fintech platform, Payfazz, to form a new financial entity called Fazz Financial Group (FFG). The startup also received a strategic investment of US$30 million from Payfazz.
- Get the full stories here.
- A report by iPrice Group revealed that Hong Kong, Vietnam, and Thailand are taking the lead in closing the gender gap in the e-commerce industry in Southeast Asia.
- Stephanie Chai, founder of travel startup The Luxe Nomad, shared that it is seeing an uptick in domestic travel and bookings.
- A course on Gnowbe titled “Foster Gender Inclusive Cultures” authored by founder So-Young Kang is currently being offered for free. Sign up here.
- Get the full stories here.
- Logistics startup Cargobase revealed healthy numbers for 2020, sharing that it expects the uptrend to continue this year.
- In its mission to tackle supply chain issues in the region, Pakistani startup Retailo has partnered with Hilal Foods Pvt Ltd to give local retailers access to a greater variety of products.
- After acquiring Malaysian startup TABLEAPP last year, online booking platform FunNow is eyeing a Southeast Asia expansion and a Series B round of funding.
- Get the full stories here.
Other stories you may have missed:
- In its International Women’s Day video, Carsome revealed it has 30% female representation in Malaysia and 51% in Thailand.
- Resorts World Genting has appointed Plant Cartridge to build a modular growing greenhouse.
- Travel service producer Shohoz signed deals with SMC Enterprise and Paragon Ceramic Industries for Shohoz Truck to act as their logistic solution provider.
Missed out the last Daily Markup? Go here to check it out.
You can also find us on LinkedIn, Facebook, Twitter, and Instagram.
500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.
This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.
