South Korean venture capital InterVest and its Indonesian counterpart Kejora Ventures have announced they have closed over half of the US$100M Star Southeast Asus Growth Fund I fund. Korea Venture Investment Corp. has contributed US$60 million to the fund that aims to help South Korea startups expand to Southeast Asia.
Taiwan-based diabetes management platform has secured a Series B funding round worth US$6 million. They plan to use said funding to accelerate expansion in Japan.
On plans and executions
Go-Jek definitely aiming for IPO [Bloomberg]
Go-Jek CEO Nadiem Makarim said that they are “definitely going to IPO” within the next few years. This was said by Makarim at Bloomberg’s Year Ahead Asia Conference. The Jakarta-based tech startup will also be making the expansion of its digital payment service Go-Pay a top priority in 2018.
The Singapore dating app has gamified matchmaking. It’s in the testing phase with promising results. Maybe only if you trust your friends’ judgement?
Joe Seunghyun Cho, the Chairman of Marvelstone Group and the Founder of Lattice80, has been dropped as a brand ambassador for the Singapore Tourism Board’s (STB) ‘Passion Made Possible’ campaign. The move comes after e27 reported unpaid rental payments that led to a fallout between Lattice80 and landlord.
Google retaliates [Wall Street Journal]
Google is pulling YouTube from Amazon devices, saying that the other is not playing fair for refusing to sell many Google products. As the two tech giants’ businesses overlap, maybe we should expect this battle to escalate.