Deliver.sg, a Singaporean long-distance delivery platform under Maxima Logistics Pte Ltd, has completed the acquisition of BusyBee, an Indian Mobility Lifestyle Platform. The deal, valued at SGD 500,000, is part of Deliver.sg’s strategy to strengthen its presence in Asian and Middle Eastern markets. BusyBee, founded by Arun Kumar in 2017, started as an on-demand courier […]

SoftBank Ventures Asia, headquartered in Seoul, has officially rebranded itself as SBVA, effective February 1st. This change came after The Edgeof acquired the venture capital firm from SoftBank Group Corp in June of last year. The transition is SBVA’s evolution under new ownership.  The rebranding coincides with the closure of SBVA’s latest fund, totaling $150 […]

Parent-tech firm The Parentinc has acquired a majority stake in the premium mom and baby retailer Motherswork. The acquisition, made for an undisclosed sum, was jointly announced, integrating The Parentinc into the luxury parenting retail space.  The Parentinc, recognized as a parent-tech firm, oversees the operation of theAsianparent, a prominent content and community platform designed […]

London-based startup Goodnotes has recently finalized the acquisition of South Korean startup Dropthebit, the innovative minds behind Traw, a service designed to automatically organize meetings, lectures, and video content into concise notes and videos. The move is set to integrate Traw’s advanced generative AI technology into the Goodnotes platform, enhancing its capabilities.  Goodnote’s acquisition move […]

Singapore-based investment firm Foresight Ventures has successfully acquired an 80% majority stake in crypto media company The Block for $60 million. The acquisition by Foresight Ventures comes nearly a year after FTX and Alameda Research faced a downturn.  The Block’s former CEO, Mike McCaffrey, previously borrowed several million dollars from Alameda Research, adding to the […]

Singapore’s largest news publisher, SPH Media, announced its acquisition of homegrown startup and tech news outlet Tech in Asia (TIA) on November 1. With this, the company aims to boost SPH Media’s news offerings, particularly enhancing The Business Times (BT), a financial news publication.  SPH Media is on a path to broaden its readership base […]

Singapore-listed Vertex Technology Acquisition Corp., a special purpose acquisition company, is set to become the city-state’s first blank-check firm to acquire a target, with a proposed merger with Taiwanese live streaming platform 17Live Inc. The deal, valued at S$925.1 million ($676 million), was announced by Vertex in a statement on Monday.  The move is the […]

Ampverse, a prominent gaming community and intellectual property ecosystem, has acquired Singapore-based gaming startup Championify. The acquisition will see Championify’s assets being integrated into Ampverse Labs, pushing the development of in-house products and services. Championify brings valuable technology and intellectual property assets, including its proprietary gamification platform, a reward system, and a gaming product marketplace. […]

LINE MAN Wongnai and LINE Company (Thailand) Limited have acquired the shares of Rabbit LINE Pay Company Limited (RLP) from its previous shareholders, RabbitPay System Company Limited and Advanced mPAY Company Limited. The companies revealed the collaboration in a joint statement released on Thursday. This acquisition integrates RLP’s payment services more deeply within the LINE […]

The tally of recognized startups and acquisitions, burgeoning to 84,012 in 2022 from a mere 452 in 2016, is a testament to the positive impact of investment incentives and simplified business regulations, as highlighted by the Economic Survey 2022-23. As we embrace 2023, the Southeast Asian startup landscape is abuzz with anticipation surrounding cross-border acquisitions […]