Carousell is in talks with Naspers to raise funding – [TechCrunch]
Singapore-based classifieds platform Carousell is in talks with South African internet and entertainment conglomerate Naspers to raise funding, according to a report by TechCrunch.
This is in line with Naspers previous investments in the classifieds platform space, including Amsterdam-based OLX Group. TechCrunch said that discussions are still in the early stages, but if the deal is successful, Naspers could acquire a controlling stake down the line.
Siu Riu Quek, co-founder of Carousell, recently told Bloomberg that he turned down a US$100 million offer for the company a few years ago when he was just 26 years old.
Temasek leads US$60 million Series B round in US-based startup Claroty – [DealStreetAsia]
Singapore government-backed investment firm Temasek Holdings has led a US$60 million Series B round in US cybersecurity startup Claroty, which was founded by Israeli firm Team8 foundry.
Claroty develops cybersecurity technology for industrial networks, such as those in the F&B, oil and gas, and real estate industries.
Binding rules on crypto exchanges may be introduced soon – [Reuters]
An international financial crime task force Financial Action Task Force [FATF] will begin discussing introducing binding laws on crypto exchanges globally, according to a report by Reuters.
The move was sparked by a called from financial regulators in the world’s top 20 economies.
The discussions are expected to take place on June 24, and will look at refining current guidelines on crypto exchanges that were introduced in 2015. These non-binding rules were instituted to prevent fraud and money laundering from taking place
The Japanese government is taking the lead for this initiative — it is the first country to have implemented a registration for crypto exchanges — and wants to institute binding regulations by 2019.
Book on Jakarta startup scene launched – [press release]
Phoenix Communications announced the launch of its book “Insiders’ Guide to Jakarta Startup.” Written by Dila Karinta and Bettina Herz, the 13-chapter book features interviews with 32 investors, startup founders, and coworking space operators in Jakarta, sharing their insights about the market and advice to succeed in it. According to the book, the digital sector contributed US$4 billion investment to Indonesia in 2017