Food Runner acquires City Delivery

Southeast Asian food delivery company Food Runner has acquired the Philippines’ City Delivery. The acquisition comes just eight months after establishing the regionally focused Food Runner, operating as consumer brand Room Service Delivery in Singapore and Malaysia. Read more on FoodBev.com

Southeast Asia-born Paypal competitor 2C2P secures $2 million funding

2C2P, an online payment processing company, has concluded a $2 million Series B financing round, led by $1.5 million from an undisclosed investor and $500,000 from Japan-based GMO Payment Gateway, Tech in Asia has learned. The deal was closed six months ago but wasn’t covered by any media. Founded in 2003 and headquartered in Singapore, the …

Line Hot Deal helps online retail sites enter m-commerce

With 22 million users, Line is big in Thailand. So is mobile commerce. When the two combine, it’s an equation for success. We’ve seen successful case studies where Line sold its own branded products in under 25 minutes, Maybelline New York’s Line flash sale in Thailand that was sold out in five minutes, and online …

Mig33 is now listed on the Australian Securities Exchange

In a stunning move, Singapore and Indonesia-based mobile social networking company mig33 is now listed on the Australian Securities Exchange (ASX), the country’s primary stock exchange. It did so via a reverse takeover, in which a listed company acquires a private company only for the shareholders of the latter to become majority owners of the …

Coda Payments scores $2.3 million to make mobile payments without credit cards a cinch

Coda Payments, a Singapore-based company working with telcos to implement easy payments for digital products, has secured $2.3 million in Series A funding from GMO Global Payment Fund, Rakuten Ventures, CyberAgent Ventures, Golden Gate Ventures, and Skype co-founder Toivo Annus. With the money, Coda Payments plans to expand to Malaysia and Singapore. They’re also looking …

2C2P Brings Online Payment to Myanmar

In the race for Myanmar’s extremely nascent tech world, there are folks like Squar building a social network, but there are also companies like 2C2P who are solving more systemic problems like online payment. 2C2P, as you may or may not remember, is an interesting e-payment gateway that allows e-commerce customers to pay for their …