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Blibli acquires, further strengthening its foray into travel industry

Rumours about acquisition by GDP Ventures, which backed Blibli, has been spreading around Indonesian startup scene for more than a month 

Alibaba Pictures picks majority stake in Indian online ticketing company TicketNew for US$18.7M

This partnership can potentially help strengthen the leadership and market share of TicketNew in the e-commerce ticketing space 

Digital entertainment startup Spout raises US$2.1M funding; acquires venture builder Zaany

Spout will use the investment to expand into emerging markets like Myanmar and provide free education resources to the local community 

Flutter Asia acquires PM Jakarta, aims to become Indonesia's top "serious" dating app

Following the acquisition, Flutter Asia is set to introduce new freemium feature for its users in Indonesia 

Snapdeal receives US$17.5M in emergency financing from founders, existing investor Nexus

Snapdeal, which is close to signing a merger deal with Flipkart, recently had a run-in with a seller group over non-payments of dues 

Indian digital payments firm ItzCash raises US$120M from Ebix for 80% equity

The deal brings together complementary functionalities and the opportunity to forge an integrated exchange to process financial, insurance and healthcare transactions for India’s 1.3B population 

IoT-enabled facilities management firm Ixora acquires majority stake in on-demand home improvement startup Renowala

Renowala is an online marketplace that lets interior designers and home owners come together for their home improvement and design requirements 

e27 discussions, is patience the solution to Southeast Asian M&A woes?

Industry veterans argue that Southeast Asia just needs patience for a more robust acquisition environment, is this correct? 

Not a buyer or seller market, M&A in Southeast Asia is still at the investor stage

M&As happen on a seven-year timeline, so Southeast Asia should see more deals in the coming years 

Online sellers seek government intervention to stop Snapdeal-Flipkart merger over unsettled dues

The sellers fear that if the deal is materialised, they may meet the same fate as sellers on, which shut operations last year without settling dues