In addition to SoftBank and Tokopedia, we also have updates from ONE Championship, StashAway, and Nutrition Technologies

SoftBank to increase investment in Grab, Tokopedia – Bloomberg

In addition to investing US$2 billion in Indonesian market through Southeast Asian ride-hailing giant Grab, SoftBank Group founder Masayoshi Son also announced that the group will increase its investment into e-commerce giant Tokopedia, Bloomberg reported.

Speaking to the press following a meeting with President Joko Widodo today at Merdeka Palace, Son stated the investment into Tokopedia is aimed to push for the company’s further growth.

The group also has plans to explore investment opportunities in the electric battery and renewable energy sectors in Indonesia.

The meeting with President Joko Widodo was attended by Grab CEO Anthony Tan, Grab Indonesia President Ridzki Kramadibrata, Tokopedia CEO William Tanuwidjaya, Coordinating Minister of Maritime Luhut Binsar Pandjaitan, and Head of Investment Coordinating Board Thomas Lembong.

ONE Championship, Dentsu team up to launch e-sports championship – Official Statement

In a LinkedIn post, ONE Championship Chairman and CEO Chatri Sityodtong announced that the company has formed a partnership with Japanese media agency Dentsu to launch ONE Esports, an e-sports championship series.

The event will be held in October in Tokyo and in December in Singapore, featuring games such as Dota 2, Street Fighter, and Tekken. It is held in partnership with leading e-sports producer PGL.

Sityodtong also named media and e-sports veteran Carlos Alimurung as CEO of ONE Esports.

Also Read: Sources: Tokopedia is involved in a funding round for Sayurbox

Singapore-based agritech startup Nutrition Technologies raises Series A – e27

Singapore-based agritech company Nutrition Technologies today announced an undisclosed Series A funding round from a host of investors, led by Openspace Ventures and Enterprise Singapore’s investment arm SEEDS Capital.

The startup plans to use the funding to establish an insect protein production facility in Southeast Asia, which aims to produce over 18,000 tonnes of insect-based feed ingredients and organic fertilisers every year.

The new facility will incorporate Nutrition’s insect-rearing production system to manufacture Hi.Protein insectmeal, its flagship product.

A “significant” portion of the funding will also be used to continue its black soldier fly genetics and biology research.

StashAway raises US$12M for APAC expansion – e27

StashAway, a robo-advisor for both retail and accredited investors, has completed a US$12 million Series B funding round led by Eight Roads Ventures, the proprietary investment arm of Fidelity International.

Existing investor Asia Capital & Advisors also participated in the funding round.

The startup plans to use the new funding to support product development for its clients in Singapore and Malaysia as well as to support market expansion throughout Asia Pacific.

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Image Credit: Tokopedia

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