Is there further upside for Carousell down the road?
SoftBank and Naver had made a tender offer to buy Line shares with a price of US$51.2 per share, which was rejected by some investors.
The fresh round comes after the company raised US$56 million from Naspers-owned OLX Group last year.
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Japanese fintech firm Paidy has raised a total of US$143 million in series C funding and debt financing from new and existing investors.Founded in 2014, Paidy claims to have started Japan’s first instant post-pay credit service for ecommerce consumers.Southeast Asian digital entertainment firm Pops Worldwide has raised US$30 million in an investment round led by independent private equity firm Eastbridge Partners and Mirae Asset-Naver Asia Growth Fund, a joint initiative between Mirae Asset Financial Group and Naver Corporation.Pops plans to use the new funds to scale Pops App across the region and venture out to new markets, according to founder and CEO Esther Nguyen.The company also looks to produce more original series and shows and feature more “premium stories from global studios” for its new app.Southeast Asian parenting content platform TheAsianparent announced that it has closed a seven-figure series C2 funding round from new investors Mirae Asset Financial Group and Naver Corporation through the Mirae Asset-Naver New Growth Fund.
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Southeast Asian parenting content platform TheAsianparent announced that it has closed a seven-figure series C2 funding round from new investors Mirae Asset Financial Group and Naver Corporation through the Mirae Asset-Naver New Growth Fund.The company said it will use the new funds to fuel its diversification strategy, which includes creating its own direct-to-consumer line of baby and maternity products.With the new vertical, TheAsianparent looks to bank on the growing baby products market worldwide, which is expected to reach about US$16.8 billion by 2025, driven by an increasing female working population.“Expansion into commerce is a natural progression for TheAsianparent,” said company founder and CEO Roshni Mahtani.“As a purpose-driven maternal healthtech company, access to safe and healthy products at an affordable price point is complementary to the content we provide to our 30 million-strong parenting community.”TheAsianparent also said it will allocate more resources into improving its tech infrastructure by investing in advanced machine learning and AI support and expanding its tech team.
Southeast Asian digital entertainment firm Pops Worldwide has raised US$30 million in an investment round led by independent private equity firm Eastbridge Partners and Mirae Asset-Naver Asia Growth Fund, a joint initiative between Mirae Asset Financial Group and Naver Corporation.With the funding, the two leading investors will have a significant minority stake in the Vietnam-headquartered company, according to a statement.Pops also announced the launch of the Pops App, where users can stream free content such as original series and shows, as well as other videos for music, entertainment, and kids.The new over-the-top service competes with Southeast Asia-focused Iflix and US-based Netflix.Pops plans to use the new funds to scale its Pops App across the region and venture out to new markets, according to founder and CEO Esther Nguyen.The company looks to produce more original series and shows and feature more “premium stories from global studios” for its new app, the exec added.
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LG is preparing for the launch of new dual-screen smartphones planned for IFA 2019.Meanwhile, it announced the Whale browser, which is a Chromium-based browser developed in collaboration with the Korean NAVER team that optimizes the user experience and that brings multitasking to a whole new level.LG and NAVER team up to maximize smartphone dual screen with “omnitasking” browserFrom multitasking to omnitasking: thanks to the support for split-screen mode, the browser is characterized by the ability to display two different sites on the same tab with customizable dimensions for each window.On a LG Dual Screen phone like V50 ThinQ 5G.This user experience is even more satisfying, allowing the user to consult two different pages on two separate screens.
Bukalapak, Indonesia’s fourth unicorn, today announced it has raised a funding round from the Mirae Asset-Naver Asia Growth Fund.The round amounted to US$50 million, Reuters reported, citing a statement from Mirae Asset.The growth fund was jointly set up by South Korean financial services group Mirae Asset and Naver, the parent company of Japanese social messaging app Line.“We hope this partnership will accelerate our technological innovations in leveling up small businesses in Indonesia,” said Fajrin Rasyid, a co-founder and president of Bukalapak.One way the company serves small businesses is through Mitra Bukalapak, an app that allows kiosks in Indonesia to sell digital products like phone credit as well as inventory from Bukalapak’s site.Since first launching the program in mid-2016, Bukalapak claims to have partnered with over 500,000 kiosks and 700,000 individual sellers across the country.
Iprice bags strategic investment from Line parent Naver (Malaysia).The undisclosed investment is a late addition to the shopping aggregator’s series B raise, which first closed last May.Line Ventures – the investment arm of Naver’s messaging app Line – was earlier named as the lead investor, with participation from Cento Ventures and Venturra Capital.Didi Chuxing recruits drivers for October launch (China/Mexico).The ride-hailing titan has reportedly started hiring drivers in preparation for its roll-out in Mexico City.This sets Didi up for head-to-head competition with Uber in one of the world’s largest transportation markets.
On Monday, the drone maker said it's teamed up with Line Friends to create a mini drone that features the cute bear icon, Brown.The Line Friends (Brown) I Spark can do everything a standard Spark drone can do, such as quick launch, selfie taking, tracking and more."Similar to other things we carry in our bags, a drone is becoming a lifestyle accessory," said Monica Suk, senior communication manager at DJI, in a release."This special edition we are launching with Line Friends will take this concept even further and make storytelling and sharing exciting, and a part of our everyday life."Line Friends are characters from the messaging app Line, which is a Japanese subsidiary of the South Korean search giant Naver Corporation.The company also has a line of retail stores that sell character merchandise, with more than 108 locations worldwide, including one at the Time Square in the Big Apple.
Grab has announced that it raised a total of US$2 billion from its latest funding round, confirming months of speculation that it had a mega-fundraising effort in the works.Japanese automaker Toyota led the round, its US$1 billion contribution as part of a wider strategic investment having been announced back in June.Other investors joining the latest round included Ping An Capital, OppenheimerFunds, Mirae Asset-Naver Asia Growth Fund, Cinda Sino-Rock Investment Management, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners, and Macquarie Capital.The capital boost will come in handy as Grab attempts to reposition itself as an “everyday app” providing a wide range of online-to-offline (O2O) services beyond its core ride-hailing offering.The company said the fresh funds will be used to expand its on-demand services throughout Southeast Asia.However, it underlined the Indonesian market as its strategic priority going forward.
Grab, the ride-hailing service that struck a deal to take Uber out of Southeast Asia, has pulled in $2 billion in new capital as it seeks to go beyond ride-hailing to offer more on-demand services.The $2 billion figure includes a $1 billion investment from Toyota which was announced in June, and it sees a whole host of institutional investors join the Grab party.Some of those names include OppenheimerFunds, Ping An Capital, Mirae Asset — Naver Asia Growth Fund, Cinda Sino-Rock Investment Management Company, All-Stars Investment, Vulcan Capital, Lightspeed Venture Partners and Macquarie Capital.The deal values Grab at $11 billion post-money, which is the same as the $10 billion valuation it earned following the Toyota deal.The caliber of investors certainly suggests an IPO is on the cards soon — not that it ever hasn’t been — although the company didn’t comment directly on that when we asked.Some of its other notable backers include SoftBank and China’s Didi Chuxing, which both led a $2 billion round last year which gave Grab the gas to negotiate a deal with Uber that saw the U.S. ride-hailing giant exit Southeast Asia in exchange for a 27.5 percent stake in Grab.
Over the past year or so, earbuds with translation tech have been popping up everywhere, signaling the evolution of an industry.Headphones are now capable of being more than just a means to deliver music — if the tech is good enough, they can act as a bridge between disparate cultures, bringing people together to foster mutual understandings.The new Bluetooth-enabled Mars wireless earbuds, a collaborative project from Line Corporation and Naver Corporation (a leading internet provider in Korea and Line’s parent company), aim to do just that.Boasting real-time ear-to-ear translation of 10 different languages, Mars is unique in that it is designed for each person to wear one earbud (as opposed to needing two pairs).The earbuds were named a CES 2018 Best of Innovation Honoree at CES Unveiled New York on Thursday, November 9.Scheduled for release in early 2018, Mars support Line’s Clova artificial intelligence, a virtual assistant which takes cues from Siri, Alexa, and Google Assistant.
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