Singapore’s Paktor makes first acquisition, buys controlling stake in Taiwanese startup 17 Media

Singaporean dating platform Paktor announced today that it has  acquired a controlling state in the Taiwanese video streaming platform 17 Media — a platform with 15 million users. 17 Media will receive a ‘significant cash injection’ to strengthen partnerships, enhance the livestreaming platform, and improve on content. Furthermore, Paktor’s CEO, Joseph Phua will take over […]

December 21, 2016

Convergence Ventures Introduces Indonesia Porfolio in China Networking Summit

Jakarta. Convergence Ventures, a technology venture fund that invests in and accelerates early stage technology companies in Indonesia and Southeast Asia, participated in a three-day networking summit with angel investors, venture capitalists as well as government officials from across China earlier this week, it said in a statement on Friday (25/11). The 2016 China Venture […]

November 29, 2016
Seorang perempuan sedang membuka aplikasi go-jek dari handphonenya (24/9). Gojek mengeluarkan layanan terbarunya, yaitu Go-Mart yang merupakan layanan belanja pesan antar yang memiliki 25.000 jenis barang dari 20 lebih pilihan toko di seluruh wilayah Jabodetabek. Layanan ini mendukung toko-toko dengan banyak macam, mulai dari minimarket, supermarket, toko alat tulis, optik, sampai petshop. (JG Photo/ Lidya Caroline)

Jakarta, the Next Tech Hub We Can’t Ignore

Go-Jek, the app-based ride-hailing service, is Indonesia’s first local startup to achieve unicorn status — a start-up company valued at over $1 billion — after being valued at approximately $1.3 billion. Go-Jek has become a household name in Indonesia with a fleet of motorcycle taxis offering a variety of on-demand services including transport and food delivery. The company’s latest valuation has […]

November 23, 2016

Thailand’s startup pioneers are back with a new venture that helps blue-collar workers

Helpster, a Bangkok-based startup that finds temporary and permanent blue-collar employees for businesses, announced closing a US$2.1 million seed round today. Indonesia’s Convergence Ventures led the round with Wavemaker Partners and other investors participating. Helpster sorts through applicants who fill in data through the app. It then matches them to companies looking for help. Businesses […]

November 15, 2016

How South East Asia’s VC scene stacks up to China’s VC scene

Some VC firms have a global presence. But startup investment tends to be a very local activity. Gobi Partners’ Kay-Mok Ku, Convergence Ventures’ Adrian Li and Golden Gate Ventures’ Jeffrey Paine talked about what it’s like to invest in South East Asia at the TechCrunch Beijing conference. While these three firms don’t have the exact […]

November 8, 2016

BlackGarlic Launches Weekly Meals Subscription Box Service

Jakarta. Jakarta-based meal kit delivery service BlackGarlic has launched a subscription box service for families to plan their weekly meals. By subscribing to BlackGarlic, customers will have groceries and recipes delivered to them every week. They can choose the menu themselves or have it recommended by the company’s experts. Various payment methods are available to Black Garlic’s customers, […]

November 8, 2016