Here’s what you might have missed in Southeast Asian tech

Photo credit: Sean Pavone / 123RF.

Last week flew by without any billion-dollar mega announcement. Several startups across the region did, however, attract smaller rounds. Especially Malaysia was buzzing and Indonesia is about to hit an important milestone next month.

Indonesia

Indonesia Stock Exchange building. Photo credit: Everyone Sinks Starco.

Indonesia will see its first local startup IPO next month. Kioson, an online-to-offline firm similar to Kudo, announced plans to go public on Indonesia’s stock exchange. It’s only raising around US$3.4 million, but this first local IPO will be a litmus test for public market investor confidence. (Tech in Asia)

Co-working is so hot right now. Indonesian co-working space operator Rework is raising US$3 million from investors including China’s co-working unicorn UrWork. Meanwhile, US co-working giant WeWork is also pushing into the region. (Tech in Asia)

Nokia begins assembling smartphones in Batam, Indonesia. The Finnish phone maker plans its comeback with a collection of new models. In order to comply with local regulations, Nokia brought some of its manufacturing into the country. (Daily Social)

Singapore

Photo credit: Tech in Asia.

Razer CEO Min-Liang Tan came through with an epayments proposal for Singapore. It started out as a casual exchange on Twitter with Prime Minister Lee Hsien Loong, but Tan soon published a detailed plan for a system called Razerpay. (Tech in Asia)

Ninjavan plans to raise US$30 million. The last-mile logistics startup competes with Hong Kong’s Gogovan. We’ll have more once this round is confirmed. (Tech in Asia)

Malaysia

Photo credit: Mobike.

A new startup fund launched in Malaysia. It’s a US$238 million pot by venture debt specialists MDV. The firm was previously known for backing mature companies, but this new fund is targeting growth-stage startups. (Digital News Asia)

Online property management tool iResidenz was one of the funding announcements in Malaysia last week. Tenants use the portal to access bills, make payments, book facilities, and submit complaints. (Tech in Asia)

Another was Policystreet, an insurance aggregator. The startup raised US$500,000 from KK fund to get more Malaysians insured. (Tech in Asia)

Malaysia is turning into yet another battleground for bike sharing. China’s Mobike just launched in the country; competitor Ofo, also from China, already operates there. (Tech in Asia)

Meanwhile, Uber introduced two new products, UberFlash and UberTaxi. Uber continues diversifying its products and is finding ways to grow its fleet and decrease wait times. (Tech in Asia)

Thailand

Photo credit: Reinhard Link.

Event management and ticketing software Event Pop gets funded. It raised US$1.6 million from Intouch Holdings to launch new products and enter more countries. (Tech in Asia)

Myanmar

Bindez was 500 Startups’ first Myanmar investment. The search tech startup last week raised a follow-on round to grow a new product, which focuses on social media monitoring. (Tech in Asia)

This post Here’s what you might have missed in Southeast Asian tech appeared first on Tech in Asia.

from Tech in Asia https://www.techinasia.com/outheast-asia-tech-news-2017-09-011
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