Rachel Phua
Rachel Phua is a reporter with DealStreetAsia based in Singapore and covers startups and venture capital. She was previously a reporter at Channel NewsAsia with both the digital and broadcast teams, covering labour and property news.
Stories by Rachel Phua
Proterra portfolio firm OATSIDE launches oat milk product after raising $22m
The firm led OATSIDE’s pre-Series A round in May 2021.
Funding frenzy in SE Asia’s tech startups sees rise in FOMO, talent war & due diligence slack
Most players in SE Asia say the frenzy won’t end so quickly.
Indonesian SaaS startup Majoo raises $5m more in pre-Series A funding
Majoo’s latest tranche comes on top of the $4 million it raised in October 2021.
Malaysia’s state-backed Penjana on track to close fund at $285m in Q1 2022
It has deployed close to $71.4m in 34 startups including Carsome and Xendit.
Will the tech giants’ stock market rout dampen the IPO mood in Asia?
Stocks of most startups such as Paytm, Bukalapak, Grab are trading way below their debut price.
Malaysian carrier AirAsia logistics unit Teleport invests in Indonesian trucking firm Kargo
This will give Teleport access to mid-mile deliveries in Indonesia.
Sea Ltd. invests in SG-based motion-capture gaming firm Refract’s $6m round
The startup will use the funds to develop AXIS, a full-body wearable motion capture game controller.
SG mental health startup Intellect closes $10m Series A round led by HOF Capital
The round was joined by Insignia Ventures, MS&AD Ventures and Headline.
Social commerce firm RateS raises $6m from Vertex, Insignia, others
RateS bagged $4 million in 2020 from Vertex as part of a Series A round in March 2021.
