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Among the studies funded are 3 based in Indonesia and 7 in India, both countries where WhatsApp is the dominant messenger.
4Fun saw the potential of the Indian short-form video market.
Droom receives yet another funding boost amidst expansion plans.
The deal is said to be “purely financial” but the two companies might explore synergies.
The region is home to a number of rising payment stars, all busy gaining momentum as smartphone penetration and purchasing power grows.
Ride-hailing companies that are currently leading the way in Asia include Grab, Go-Jek, Ola, and Didi.
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