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Mumbrella, a media startup focused on APAC’s marketing industry, gets acquired

Inside baseball klaxon: media writing about media story incoming:: Mumbrella, the Australia-based media company, has been sold by its founders to U.S./APAC events company Diversified Communications. Mumbrella operates media and marketing industry-focused websites for Australia and Asia, an events business and a database service called The Source. It has 33 staff across …

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PayPal backs pan-European savings deposit marketplace Raisin

Raisin, the savings deposit marketplace that lets you shop for a better interest rate across Europe, has picked up backing from PayPal. Described as a “strategic investment,” the new funding round remains undisclosed. The Berlin-based company had previously raised a total of €60 million from various backers, including Thrive Capital, …

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Go-Jek buys three startups to advance its mobile payment business

Go-Jek, the company leading Uber and Grab in Southeast Asia’s largest market, has bagged a hattrick of deals to advance its mobile payment strategy. Indonesia-based Go-Jek revealed it has acquired offline payment firm Kartuku, payment gateway Midtrans and payment and lending network Mapan for undisclosed sums. The company started out in 2015 offering …

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Teabox raises $7M for its global tea-commerce business

Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business. This new infusion of capital — last tea joke, I promise — is a Series B round that takes Teabox, which has head …

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