Asia Digest: Tourplus snags pre-seed funding; KKR to invest in S Korean logistics centre

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Malaysia-based tourism startup Tourplus has raised RM500,000 ($123,000) while private equity giant KKR & Co is looking to invest in a logistics centre based in Incheon, South Korea.

Tourplus snags pre-seed funding

Malaysia-based tourism startup Tourplus has raised RM500,000 ($123,000) from an undisclosed investor. The startup will use the funds to strengthen its operations in Southeast Asia, it said in an announcement last Friday (July 27).

Founded in 2014, Tourplus is an online marketplace that connects travellers with local tour guides. It also serves as a review site for private guides. It currently has over 1,000 tour guides across the region.

According to its website, it currently covers seven countries in Asia – Indonesia, Cambodia, Malaysia, Vietnam, Thailand, Taiwan and Myanmar.

KKR to invest in South Korean logistics centre

Private equity giant KKR & Co. is looking to invest in a logistics centre in Incheon, the capital city of South Korea, reported Pulse News.

It said Incheon Metropolitan City signed a memorandum of understanding with KKR and SK Incheon Petrochem Co. to build a distribution centre on 55,733 sq m located in Seo District, Incheon for 300 billion won ($270million).

KKR first launched a dedicated real estate platform in 2011 and has since invested over $5 billion across more than 60 real estate deals in the US, Europe, and 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.

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.