Dec 23, 2021
Asia’s tech news #126: Brinc & Animoca, e-commerce cybercrime, climate micro-insurance…
In this issue: Hong Kong’s Brinc backed by Animoca Brands, cybercrime stats in e-commerce and online retail, micro-insurance for small farmers hit by climate change troubles, online patient and injury rehab in India…
Singapore: abillion lands $10M with global platform allowing people to find and review plant-based food — www.businesstimes.com.sg
The new funds will be used to build a peer-to-peer marketplace within abillion’s app and expand its product development, engineering and design capabilities. The startup, formerly known as…
Hong Kong: Brinc accelerator raises $30M led by Animoca Brands — techcrunch.com
I’ve visited Brinc’s headquarters the last few times I’ve been to Hong Kong, and been impressed with the range of different startups the accelerator works with. I knew the organization primary through its consumer hardware companies — a primary…
Download: ‘The Metaverse — Web 3 Virtual Cloud Economies’ via Grayscale Research (pdf) — grayscale.com
As we spend more of our time in these digital world experiences, we also spend more of our money within these digital realms to build our social status within these online communities.
“…57% of attacks on retail sites in 2021 were by bots, compared to 33% for other industries…” — www.imperva.com
More than half (57%) of all attacks on retail websites in 2021 were carried out by bots, compared to 33% for all other industries. It gets worse: a third of all log-in attempts on retail eCommerce sites…
Download: ‘Rekindling Hong Kong’s Economic Growth Through Innovation’ — Deloitte, Alibaba — www.ent-fund.org
Alibaba Entrepreneurs Fund and Deloitte jointly produced this report to explore the state and evolution of Hong Kong’s innovation ecosystem.
Pakistan: Krave Mart rapid delivery startup raises $6M pre-seed with 10-minute services — www.bloomberg.com
Pakistan’s rapid delivery startup Krave Mart has raised the country’s largest early funding to grow its business in the world’s fifth-most populous nation.
India: Resolve 360 wins Nexus Accelerator $10K Startup Dev Grant with online rehab — www.biospectrumindia.com
The startup has conducted more than 6000 one-on-one live sessions to help people with a range of mental health, physiotherapy, speech therapy, occupational therapy, and many others
Vietnam: Winners of the National Innovative Technopreneur Contest — en.vietnamplus.vn
Otrafy, a startup that provides quality management and supply-chain software to the food industry, will represent Vietnam at the Startup World Cup next year after championing the National Innovative Technopreneur Contest on December 15.
Cambodia: Gov’t Khmer Enterprise rolls out Investment Readiness program for startups, SMEs — www.khmertimeskh.com
The government is continuing its push to promote the country’s small and medium-sized enterprises (SMEs) by helping them attract funding to grow their businesses.
ICYMI: IBISA agri-microinsurance firm raises $1.7M focusing on small farmers at risk from climate events — techcrunch.com
Agricultural microinsurance startup IBISA raised a seed round of approximately $1.70 million led by London-based Insurtech Gateway, with participation from Rockstart’s AgriFood fund and others.
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