An $11m boost to Mighty Jaxx's collectibles game

More: SpaceX’s potential stock sale and the AI fund of an early ByteDance investor. [Read from your browser]( Daily Newsletter Welcome to Tech in Asia's free Daily Newsletter! Get full access to our subscribers-only Daily Newsletter and other insightful analysis on the big and messy topics of Asia’s tech and startup community by [registering here](.  --------------------------------------------------------------- IN FOCUS In today's newsletter, we spotlight: - [Mighty Jaxx’s US$11 million series A+ raise]( - Google’s investment into ecommerce firm Flipkart - Other newsy highlights such as an early ByteDance investor’s plans for an AI-focused fund and SpaceX’s potential stock sale --------------------------------------------------------------- Hello {NAME} I love watching blind-box unboxing videos on TikTok. For the uninitiated, a blind box is a small, sealed package that contains a host of random collectible figurines and items. You never know what you’re going to get exactly, and the anticipation and excitement is part of its appeal. While I do like watching these videos and seeing people’s reactions to what they get, I’ve not bought a blind box myself. The only ‘blind box’ collectible I own right now came to me as a Christmas gift from my colleague Christine - a Bitty Pop (a tiny version of the famous Funko Pop collectible series) of the iconic superhero Batman. But there are many folks out there who love blind boxes, shelling out hundreds - if not thousands - to complete their collections. And blind boxes are just one aspect of the wider world of collectibles, which include figurines, cards, and other exciting products that appeal to fans. Today’s premium story features a collectibles creator that just bagged a series A extension round. There’s a lot of value in making things that people love, it seems. -- Stefanie  ---------------------------------------------------------------  THE BIG STORY [Mighty Jaxx collects $11m more in series A+ round to fuel US, Europe growth]( The Singapore-based collectibles firm is targeting EBITDA profitability by the end of this year on the back of growing demand in the US. --------------------------------------------------------------- TRENDING NEWS [Google to join Flipkart’s Walmart-led fundraising efforts]( While the funding amount was not disclosed, Reuters reported that Google looking to set aside US$350 million to purchase a minority share in Flipkart. [Prominent ByteDance investor preps new $300m AI-centered fund: report]( Source Code Capital, founded by ex-Sequoia China investor Cao Yi, holds about US$5 billion in funds, Bloomberg noted. ---------------------------------------------------------------  VISUAL STORY OF THE DAY [Weekly funding: Alibaba’s Lazada injection tops chart]( Keep track of all the startup investment activities in Asia through our weekly funding list. --------------------------------------------------------------- STOP BUILDING BORING APPS - VIETNAM’S WATCHING  RSVP now to spice up your app with extra pho-lavor Think your app has what it takes to win over Vietnam? Join C-level executives and other key decision-makers in product, engineering, and data for an exclusive roundtable on May 30. Think of it as your masterclass in app domination. We're ditching the jargon and diving deep into the strategies that separate the players from the pretenders. 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