- Briefing Your roundup of Asian tech and startup news that matter
Angela Teng · · 1 min readIn brief: Go-Jek, Traveloka, and Tokopedia invest in insurtech startup PasarPolis
Photo credit: Tech in Asia Indonesia
PasarPolis secures partnerships and funding from three Indonesian unicorns (Indonesia). The insurtech company said Go-Jek, Traveloka, and Tokopedia have invested in its series A round, but it didn’t reveal the amount. Founded in 2015, PasarPolis’ platform allows users to compare and purchase insurance policies. (PasarPolis)
Other news
Regulator accepts Grab-Uber deal but with conditions (The Philippines). Among the conditions that the Philippine Competition Commission (PCC) handed out to Grab was how the ride-hailing firm shouldn’t impose prices that can be considered an “extraordinary deviation” from the minimum allowed fare. The PCC warned that Grab will be slapped with a fine if it violates the conditions. (The Philippine Star)
50 firms with ICO projects interested in applying for operating licenses (Thailand). The country’s Securities and Exchange Commission said the 50 firms have indicated that they want to launch initial coin offerings, but it didn’t confirm whether they will all be given licenses to run such projects. (The Bangkok Post)
Lalamove officially rolls out delivery services in Kuala Lumpur (Malaysia). The “last-mile” company claimed that its deliveries take less than an hour for distances under 10 kilometers. Lalamove said it currently supports more than 200 businesses in Malaysia’s capital, and receives an average of 300 orders daily. (Lalamove)
Editing by Eileen C. Ang and Judith Balea
(And yes, we’re serious about ethics and transparency. More information here.)
Stay updated on the go with our mobile app.
Get latest insights with smoother, more personalized experience through TIA mobile app.
