Asia Digest: Thai Infofed snags funding; Prudential gets licence in Myanmar 

Photo: Seam Do/Unsplash

Infofed, the owner of Thailand eSports Arena, has raised an undisclosed amount of investment in pre-Series A round from Japan’s GameWith while Prudential Corporation Asia has received a life insurance licence in Myanmar.

Thai eSports startup Infofed raises pre-Series A from Japan’s GameWith

Infofed, the owner of Thailand eSports Arena, has raised an undisclosed amount of investment as part of its pre-Series A round from GameWith, Japan’s leading gaming community, according to an announcement.

Infofed will use the proceeds to expand its coverage in Southeast Asia. Though the investment value was not disclosed, Infofed was said to look to close $2-$3 million for this round.

“There is a huge untapped potential for eSports in Southeast Asia and the investment from GameWith will help us to establish a stronghold in this region by creating a proper ecosystem for e-sports lovers,” said Infofed CEO and founder Jirayod Theppipit.

In February, Infofed secured an undisclosed amount of seed funding from Singapore-based venture capital firm KK Fund and Thai marketing platform Event Pop.

Prudential receives life insurance licence in Myanmar 

Life insurer Prudential Corporation Asia has received a life insurance licence from the Ministry of Planning and Finance (MoPF) of Myanmar to operate in the frontier country, according to an announcement.

With Myanmar, the life insurer has a presence in 13 life insurance markets and 25 life and asset management businesses across Asia.

Prudential intends to embrace a digital-led strategy, complemented by face-to-face distribution, to broaden access to life insurance in Myanmar.

In April 2019, Prudential was granted approval by MoPF as a preferred applicant to operate a wholly-owned life insurance operation in Myanmar.

Last month, Prudential Myanmar moved into its new corporate office in Sule Square in Yangon, reinforcing its commitment to the long-term development of the country.

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.