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Auto marketplace Carro raises US$12M, embraces fintech with new app Genie Finance

While the lead investor is undisclosed, Carro said that investors from previous round have also participated in this one 

iprice raises US$4M Series A led by Asia Venture Group, Venturra Capital

CEO David Chmelar also claimed that iprice is on the way to reach break even and profitability 

With an aim to become a full-fledged O2O platform, KFit Group acquires Groupon Malaysia

Post-acquisition, Groupon Malaysia will transition into Fave and cover restaurants, beauty, wellness, gyms, studios, hotels, holidays, leisure, and entertainment 

Map of the Money 4.0 launches to help startups raise fund in Singapore

The map includes verified data from 65 active VC firms in Singapore 

Zilingo raises US$8M to bring you fashion and lifestyle products from small merchants in Thailand, Singapore

The money will be used to expand to Indonesia and gain market share in Singapore and Thailand, in addition to developing AI, AR and video content 

Singapore's Carro raises US$5.3M to help sell used cars

The company hopes to expand to Malaysia, Indonesia and Thailand by the end of the year 

In Indonesia, 12 VC firms join forces to set up investor association

Called Amvesindo, the association aims to help government in setting up regulation and programmes 

ECID 2016: Tech startups in SE Asia will not experience a nuclear winter

On day one of Echelon Indonesia 2016, Venturra Capital's Stefan Jung sought to allay investment fears, and debunk some startup myths 

Hong Kong's Prenetics is using genetics to save lives; raises US$10M

The company's iGene technology is used to build a genetic profile with the intention of eliminating adverse drug reactions 

Myths no more! Startup investments are easier than you think

Founder of Rocket Internet SEA debunks the myths of what it takes to make the correct investments and win big in the startup world