Ecosystem Roundup: GoTo facing a US$140M lawsuit, Alpha JWC closes US$433M Fund III

Gojek, Tokopedia face US$140M lawsuit over the name GoTo
PT Terbit Financial Technology asked the court to declare the company as the only legal right owner of the “GoTo” brand; The company claims that it has the right to the brand GoTo and asked Gojek and Tokopedia to pay US$140M as compensation.

Alpha JWC hits final close of US$433M Fund III, to increase investment size to up to US$60M
IFC is an investor; Alpha JWC will increase its investment size to up to US$60M in multi-stage funding with an emphasis on fintech, direct-to-consumer brands, SaaS and B2B services; Fund III has already invested in 7 companies.

Eden Farm closes US$19M Series A to supply food ingredients to HORECA, wet markets, e-commerce firms
Investors are AppWorks, AC Ventures, Trihill Capital, OCBC Ventures, Investible, Corin Capital and GFC; Eden Farm serves more than 53K customers by working with over 2K farmers across Java, equipped with five fulfilment centres across Indonesia.

Monde Nissin CEO backs Foxmont Capital’s initial close of US$20M Fund II
With Fund II, the VC firm will continue investing in Philippine-focused and Filipino-founded early-stage startups; Foxmont Capital has made over 25 investments so far in firms such as Kumu, edamama, Etaily, SariSuki, StackTrek, and Peddlr.

Singapore commits US$130M more to AI research
The new funding will focus on fundamental AI (new applications of AI) and translational AI (turning data into insight) technology; The developments line up with Singapore’s National Artificial Intelligence Strategy, which sees the city-state becoming a leader in AI solutions in key sectors by 2030.

‘NFTs provide new ways to handle IP management, empower content creators’: Inmagine CEO Warren Leow
Inmagine-owned Pixlr, a design and photo editing ecosystem, recently introduced Pixlr Genesis, an NFT-based movement; Leow says the firm aims to build a network where fellow art collectors and creators can learn, grow and inspire each other within a tightly-knit creative community.

Meet the 13 UN Women Care Accelerator startups transforming care work in APAC
Malaysia’s on-demand babysitting platform Kiddocare and Indonesia’s homecare service application LoveCare emerged as the grant winners of the programme; Care Accelerator supports startups providing products, services, or tech solutions that can make care more accessible and affordable.

Beacon VC invests in US blockchain fund
Pantera Blockchain Fund is Beacon VC’s fourth investment outside of Thailand, after Southeast Asia-based Integra Partners, Singapore-based Vertex Ventures, and US-based NYCA Partners; Pantera Capital invests exclusively in equity and tokens related to blockchain and digital assets.

Indonesian coffee firm Jiwa Group pulls in funding from Openspace, Capsquare
The fresh capital will be used to fuel the F&B firm’s expansion and strengthen its tech infrastructure; Founded in 2018, Jiwa has launched three brands, namely Kopi Janji Jiwa, Jiwa Toast, and Jiwa Tea, with over 50 products available in nearly 1,000 outlets across Indonesia.

Minterest bags US$2M from SingHaiyi’s Huaidan Chen
Minterest is a platform primarily known for linking investors to corporate borrowers; It also offers personal loans through its sister company Minterest Money and plans to launch a BNPL service next year; In May this year, Minterest merged with SDAX Exchange.

Why Malaysia needs to be on the VC radar
Taking a closer look at Malaysia, it is easy to see a confluence of all of the enabling factors to generate top tier entrepreneurs and positioning as a gateway to Southeast Asia and beyond; However, Malaysia continues to be underrepresented in the VC landscape.

Antler to back 100 Indonesian startups in next 4 years
The Indonesian arm will be HQed in Jakarta; Subir Lohani, ex-CEO of Carmudi, will take on the role of partner and country head; Antler said it will kick off its first Indonesia cohort early next year, with applications already open.

Mastercard launches crypto payment cards in Asia Pacific
It has partnered with Asia Pacific-based cryptocurrency services platforms Amber Group, Bitkub, and CoinJar to launch payment cards; Mastercard’s data shows that 45% of Asia Pacific customers have plans to use cryptocurrency in 2022.

Gojek mulls food delivery service, courier services in Singapore
The company currently offers food delivery and courier services only in Vietnam and Indonesia; Foodpanda, GrabFood, and Deliveroo already operate in Singapore’s food delivery space, while Ninja Van, Lalamove, SingPost, and other players occupy the courier delivery industry.

Are SEA startups doing enough to combat ransomware attacks, cybercrime?
While it is virtually impossible to completely secure all data against attacks, like the instance when Singapore’s SingHealth networks were hacked in 2018, there are some ways to mitigate the risks; To proactively defend against ransomware, measures such as keeping up to date and patching software and operating systems are necessary.

Entrepreneurs: The highly capable and under-appreciated
A study finds that entrepreneurs tend to be those whose talents are better than the credentials and abilities readily observed by outsiders.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: GoTo

The post Ecosystem Roundup: GoTo facing a US$140M lawsuit, Alpha JWC closes US$433M Fund III appeared first on e27.

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Gojek, Tokopedia face US$140M lawsuit over the name GoTo
PT Terbit Financial Technology asked the court to declare the company as the only legal right owner of the “GoTo” brand; The company claims that it has the right to the brand GoTo and asked Gojek and Tokopedia to pay US$140M as compensation.

Alpha JWC hits final close of US$433M Fund III, to increase investment size to up to US$60M
IFC is an investor; Alpha JWC will increase its investment size to up to US$60M in multi-stage funding with an emphasis on fintech, direct-to-consumer brands, SaaS and B2B services; Fund III has already invested in 7 companies.

Eden Farm closes US$19M Series A to supply food ingredients to HORECA, wet markets, e-commerce firms
Investors are AppWorks, AC Ventures, Trihill Capital, OCBC Ventures, Investible, Corin Capital and GFC; Eden Farm serves more than 53K customers by working with over 2K farmers across Java, equipped with five fulfilment centres across Indonesia.

Monde Nissin CEO backs Foxmont Capital’s initial close of US$20M Fund II
With Fund II, the VC firm will continue investing in Philippine-focused and Filipino-founded early-stage startups; Foxmont Capital has made over 25 investments so far in firms such as Kumu, edamama, Etaily, SariSuki, StackTrek, and Peddlr.

Singapore commits US$130M more to AI research
The new funding will focus on fundamental AI (new applications of AI) and translational AI (turning data into insight) technology; The developments line up with Singapore’s National Artificial Intelligence Strategy, which sees the city-state becoming a leader in AI solutions in key sectors by 2030.

‘NFTs provide new ways to handle IP management, empower content creators’: Inmagine CEO Warren Leow
Inmagine-owned Pixlr, a design and photo editing ecosystem, recently introduced Pixlr Genesis, an NFT-based movement; Leow says the firm aims to build a network where fellow art collectors and creators can learn, grow and inspire each other within a tightly-knit creative community.

Meet the 13 UN Women Care Accelerator startups transforming care work in APAC
Malaysia’s on-demand babysitting platform Kiddocare and Indonesia’s homecare service application LoveCare emerged as the grant winners of the programme; Care Accelerator supports startups providing products, services, or tech solutions that can make care more accessible and affordable.

Beacon VC invests in US blockchain fund
Pantera Blockchain Fund is Beacon VC’s fourth investment outside of Thailand, after Southeast Asia-based Integra Partners, Singapore-based Vertex Ventures, and US-based NYCA Partners; Pantera Capital invests exclusively in equity and tokens related to blockchain and digital assets.

Indonesian coffee firm Jiwa Group pulls in funding from Openspace, Capsquare
The fresh capital will be used to fuel the F&B firm’s expansion and strengthen its tech infrastructure; Founded in 2018, Jiwa has launched three brands, namely Kopi Janji Jiwa, Jiwa Toast, and Jiwa Tea, with over 50 products available in nearly 1,000 outlets across Indonesia.

Minterest bags US$2M from SingHaiyi’s Huaidan Chen
Minterest is a platform primarily known for linking investors to corporate borrowers; It also offers personal loans through its sister company Minterest Money and plans to launch a BNPL service next year; In May this year, Minterest merged with SDAX Exchange.

Why Malaysia needs to be on the VC radar
Taking a closer look at Malaysia, it is easy to see a confluence of all of the enabling factors to generate top tier entrepreneurs and positioning as a gateway to Southeast Asia and beyond; However, Malaysia continues to be underrepresented in the VC landscape.

Antler to back 100 Indonesian startups in next 4 years
The Indonesian arm will be HQed in Jakarta; Subir Lohani, ex-CEO of Carmudi, will take on the role of partner and country head; Antler said it will kick off its first Indonesia cohort early next year, with applications already open.

Mastercard launches crypto payment cards in Asia Pacific
It has partnered with Asia Pacific-based cryptocurrency services platforms Amber Group, Bitkub, and CoinJar to launch payment cards; Mastercard’s data shows that 45% of Asia Pacific customers have plans to use cryptocurrency in 2022.

Gojek mulls food delivery service, courier services in Singapore
The company currently offers food delivery and courier services only in Vietnam and Indonesia; Foodpanda, GrabFood, and Deliveroo already operate in Singapore’s food delivery space, while Ninja Van, Lalamove, SingPost, and other players occupy the courier delivery industry.

Are SEA startups doing enough to combat ransomware attacks, cybercrime?
While it is virtually impossible to completely secure all data against attacks, like the instance when Singapore’s SingHealth networks were hacked in 2018, there are some ways to mitigate the risks; To proactively defend against ransomware, measures such as keeping up to date and patching software and operating systems are necessary.

Entrepreneurs: The highly capable and under-appreciated
A study finds that entrepreneurs tend to be those whose talents are better than the credentials and abilities readily observed by outsiders.

Ready to meet new startups to invest in? We have more than hundreds of startups ready to connect with potential investors on our platform. Create or claim your Investor profile today and turn on e27 Connect to receive requests and fundraising information from them.

Image Credit: GoTo

The post Ecosystem Roundup: GoTo facing a US$140M lawsuit, Alpha JWC closes US$433M Fund III appeared first on e27.

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