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Valeo Health, a healthtech startup specializing in AI-driven personalized healthcare, has secured $12 million in its Series B funding round, bringing its total funding to $20 million. The round was led by Flintera, with participation from existing investors and new backers. The company plans to use the funds to expand its services in Saudi Arabia, the UAE, and other Gulf Cooperation Council countries. Founded by Sundeep Sahni, Nadine Karadag, and Ankur Majumder, Valeo offers at-home healthcare services and personalized treatment plans.
Huawei Cloud hosted its Asia-Pacific Forum, unveiling six collaborative initiatives to support Chinese enterprises expanding in the region, which is now their largest market outside China. The forum highlighted the importance of understanding local markets and leveraging technology for successful globalization. With a commitment of USD10 million for the "Asia-Pacific Acceleration Program," Huawei aims to empower businesses through strategic consulting, solution development, and co-marketing initiatives.
The ban on the iPhone 16 in Indonesia will come to an end on April 11, following a significant deal worth over $300 million. This development marks a pivotal moment for Apple's presence in the Indonesian market, potentially boosting sales and brand visibility.
The central bank has issued digital currency to seven banks, including Kookmin and Shinhan, as part of a pilot program. Meanwhile, Xiaomi plans to raise up to $5.27 billion through a share placement for business expansion and tech investment. In Japan, private equity firms are targeting the fragmented HR tech market, driven by low interest rates and a focus on governance, despite challenges from competition and global firms.
Grab Indonesia has introduced Bayarin, a new feature enabling users to pay digital bills for others via a single payment link, marking the country's first Request to Pay (RTP) service. This feature supports various payments, including mobile top-ups, electricity, and health insurance, and allows users to send payment requests through messaging platforms like WhatsApp. Hadi Koe, Head of Marketing Platform at Grab Indonesia, noted that half of Grab’s digital transactions are made for others, underscoring Bayarin's potential to simplify family bill payments.
WeLab Bank, based in Hong Kong, is set to expand into the Philippines, Malaysia, and Vietnam after achieving monthly breakeven in December 2024. The bank aims for profitability in Indonesia and Thailand within three to five years, targeting the larger Southeast Asian market despite its lower affluence.Meanwhile, Bank Jago, Indonesia's first fully digital bank, reported a 78% increase in net profits to US$7.8 million and a customer base of 15.3 million by the end of 2024. The bank is leveraging partnerships and AI to enhance customer experience and grow its loan portfolio, despite facing stock price challenges.
Grab Holdings Ltd. is negotiating a loan of up to $2 billion to potentially acquire Indonesian tech company GoTo Group Inc. The proposed bridge loan, with a term of about 12 months, is still in early discussions with banks, and the deal could value GoTo at over $7 billion. Grab is also exploring other financing options, including bonds or equity, contingent on the acquisition's success.
Since President Prabowo Subianto took office in October, Indonesia's stock market has declined, and the rupiah has reached its lowest point since the 1997-1998 financial crisis. Despite his promises to boost economic growth to 8%, investors are worried about the country's fiscal health and signs of democratic regression.
Shareholders of XL Axiata, Smartfren Telecom, and Smart Telcom have approved their merger, creating a new entity named XLSmart, which will serve over 94.3 million subscribers. The merger, backed by regulatory approvals, is expected to generate annual revenue of 45.8 trillion rupiah (US$2.76 billion) and an EBITDA of 22.5 trillion rupiah (US$1.35 billion). Axiata Group and Sinar Mas will each hold a 34.8% stake, with Rajeev Sethi appointed as President Director and CEO.
The Pyridine Market is projected to grow at a CAGR of 5.5% from 2024 to 2031, driven by increasing demand in pharmaceuticals, agrochemicals, and food additives. Key players include Red Sun Group, Koei Chemical Co. Ltd, and Lonza Group Ltd. The report provides a detailed analysis of market trends, regional insights, and competitive dynamics.
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healthtech startup valeo health secures 12 million in series b funding
06:13 27.03.2025
huawei cloud launches initiatives to support chinese enterprises in asia pacific
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02:32 27.03.2025
iPhone 16 ban to end in Indonesia after major deal
14:10 26.03.2025
private equity firms target japan's fragmented hr tech market for growth
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10:30 26.03.2025
Grab Indonesia introduces Bayarin for seamless digital bill payments
08:30 26.03.2025
weLab bank targets southeast asia expansion after breakeven success in hong kong
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08:00 26.03.2025
Grab seeks two billion dollar loan for potential GoTo acquisition
07:53 26.03.2025
indonesia's economic overhaul raises investor concerns and market instability
04:40 26.03.2025
shareholders approve merger of xl axiata smartfren and smart telecom
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03:51 26.03.2025
global pyridine market growth trends and opportunities forecast 2024 to 2031
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12:26 25.03.2025
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