MDI Ventures, BRI Ventures and Mandiri Capital Indonesia will be tasked with investing in technologies that can modernise state-owned enterprises.

The human resources firm’s incubator and accelerator scheme has chosen six startups for its latest batch, which will run from September to November this year.

The online collaboration platform developer pulled in $13m through a series B round led by SoftBank Ventures Asia to take its total funding to more than $24m.

Al Faisaliah-backed affordable e-commerce platform developer Awok has confirmed it has ceased operations, less than 18 months after a $30m series A round.

Singapore Airlines, SATS and Panasonic Avionics Corporation are partners for the airport and aviation-themed Aviation Tech Accelerator Program.

Every day, Global University Venturing rounds up the smaller investments from across the university innovation ecosystem in its deal net.

Facebook and SoftBank both contributed to a $150m round for Unacademy, almost trebling the online education provider’s valuation to $1.45bn.

The laser manufacturing equipment maker is going public on Shanghai's Star Market two years after a Legend Capital-backed seed round.

Xiaomi and SBI Investment co-led the insurance aggregator's series B round, which also featured series A investors including Gojek.

The round valued the music streaming platform at $530m and was led by a $40m investment from Tencent, with the other $10m coming from Times Internet.