Golden Gate Ventures | Venture Capital for Southeast Asia


Coda Payments raises $2M to enable alternative online payments in Asia

Relying on credit cards doesn’t work in Southeast Asia, where less than 10 percent of the 600 million population are estimated to own plastic. That makes alternative payments, like bank transfer or over-the-counter, critical for anyone doing business in the region, where online spending is tipped to race to $200 million in the next 10


Healthcare site Alodokter raises $2.5m from Golden Gate Ventures

Indonesian health information portal Alodokter today announced that it has raised a US$2.5 million series A round led by Golden Gate Ventures. 500 Startups and Singaporean entrepreneur Lim Dershing also participated. All three had invested in the seed round. Nathanael Faibis, founder and CEO of Alodokter, says the funds are intended for regional expansion. Alodokter


Singapore-based app Carousell raises $35 million in Series B funding

Singapore-based startup, Carousell, has raised $35 million in a funding round led by Rakuten Ventures, underscoring growing appeal for peer-to-peer marketplaces in Asia. Other investors in the Series B funding round included Sequoia India, Golden Gate Ventures and 500 Startups, according to a statement. The company, which was founded in 2012, allows users to buy


Rise of the Southeast Asian entrepreneur: an interview with Quek Siu Rui

Quek Siu Rui is a co-founder of Carousell, which launched in May 2012, and now oversees product and marketing. Carousell is one of the world’s largest and fastest-growing community marketplaces, with over 26 million listings and a presence in 12 major cities around the world **** What does it mean to you to be an


Hong Kong’s Grana Launches Swimwear

Hong Kong-based e-commerce retailer Grana is branching out into swimwear. On Thursday, the apparel company will start selling three styles of bikini tops, two styles of bikini bottoms and a one-piece model for her. Four styles of boardshorts for him will drop on Grana’s site over the weekend. Grana, which emphasizes high-quality textiles and affordable retail


SCB subsidiary Digital Ventures unveils start-up initiative

DIGITAL Ventures, a new subsidiary of Siam Commercial Bank Group, yesterday launched its first start-up incubation programme and a bank-simulation platform for the experimentation of new ideas. Charle Charoenphan, head of the Digital Ventures Accelerator incubation programme, said the initiative provided knowledge, advice and funding for start-ups to strengthen Thai-based and regional financial-technology (fintech) businesses.