Indonesian hyperlocal online F&B startup UENA has announced raising an undisclosed amount in Seed funding led by East Ventures and backed by IDN Media and angel investors. UENA, founded by Alvin Arief and Roy Yohanes, targets to continue the expansion in Jakarta to reach many more customers and serve their daily food necessity. The founders ... Read more ›
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Philippine-based shipping platform Shipmates announced raising $ 2.2 million in a seed funding round. The seed round was participated by Cathexis Ventures, Wavemaker Partners, Taurus Ventures, Capital X, Sketchnote Partners and other prominent investors. The startup, backed by Y Combinator and Iterative, plans to scale its platform to be the preferred shipping tool of all ... Read more ›
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BillEase, a consumer finance platform based in the Philippines, announced that it has closed an up to $20 million debt facility arranged by Singapore-based fintech company Helicap Securities. Earlier this year, BillEase raised $11 million in a Series B round led by BurdaPrincipal Investments, the growth capital arm of German media and tech company Hubert ... Read more ›
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Wada Bento is a Hong Kong-startup that has developed a bento machine that provides quick meal delivery in 17 seconds. And investors are excited at its potential. The startup said it has raised HK$22 million (about $2.8 million) in pre-Series A funding from a host of investors, including Golden Resources Development Limited, Cyberport Macro Fund, ... Read more ›
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Indian retail tech startup Daalchini has raised $4 million in a Series A funding round, the largest in this round in the smart vending segment, led by Unicorn India Ventures. The funding round was also backed by existing investors such as Artha Venture Fund, former Dominos India CEO Ajay Kaul, and VSS Investco. Founded in ... Read more ›
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Orbit Startups, the new accelerator program from venture firm SOSV, has announced a cohort of 10 startups chosen for its inaugural launch. Each of the startups received initial funding of about $180,000 along with an intensive program that supports their growth across emerging and frontier markets. The startups from the inaugural cohort hail from India, ... Read more ›
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Evolve, an India-based mental health startup focused on the LGBTQ+ community, has announced raising about $375,000 in pre-Seed funding round. According to the announcement, the funding round was led by Rajesh Ranavat, executive director at Fund Strategic Holdings, and saw participation from prominent angel investors including Ankit Mehrotra and Nikhil Bakshi (founders, Dineout) as well ... Read more ›
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Morse Micro, a fabless semiconductor company reinventing Wi-Fi for the Internet of Things (IoT), announced that it has raised $140 million in a Series B funding round led by MegaChips Corporation, a leading ASIC and SoC services company based in Japan. The funding round was also backed by existing investors including Blackbird Ventures, Main Sequence ... Read more ›
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Gokomodo, an Indonesian agriculture supply chain platform, announced raising $26 million in its Series A funding round led by East Ventures. Other investors participating in the oversubscribed round are SMDV, Eight Capital, K3 Ventures, Triputra, Waresix, Indogen Capital, Sahabat Group, and Sampoerna Financial. This funding amount marked as one of the largest series A ticket ... Read more ›
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Multi-stage global venture capital firm MSA Novo, announced that it has invested more than $16 million in six Indian startups and plans to further inject funds into the Indian startup ecosystem by the end of 2023. The venture firm invested in startups such as MPL, Slice, Jar, Apps For Bharat, Flint, and Questbook, focussing on ... Read more ›
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Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store, has raised an additional $2.3 million for its Series A funding round participated by GSR Ventures and Do Ventures, according to an announcement. Coolmate is the first Vietnamese startup to receive funding from GSR Ventures, a world-renowned early backer of unicorns including Advance ... Read more ›
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Docquity, Southeast Asia’s largest community of healthcare professionals, announced that it has raised $44 million in total in its Series C financing round, anchored by Japan’s Itochu Corporation. Itochu, which put in $32 million in the funding round, was joined by other investors, including iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. The Series C ... Read more ›
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Eezee, a Singapore-based B2B procurement startup, revealed that it has raised $7.5 million in its Series A funding round that will fuel its further expansion in Southeast Asia. The funding round was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation ... Read more ›
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Singapore-based venture capital (VC) investor Monk’s Hill Ventures has led the $3.5-million pre-Series A funding in Starboard, a platform for founders to start and run their companies globally. The funding round was also backed by Actium Partners, Iterative Capital, Bruno Poh (General Counsel, Lyte Ventures), Lelaina Lim (CFO, Eu Yang Sang International Limited), Michael Tor ... Read more ›
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Carro, Southeast Asia’s largest online used car retailer, announced that it more than doubled its revenue and gross profit to a record in its last financial year, achieving more than S$650 million ($464 million) in revenue. It is currently tracking at over S$1.3 billion in run-rate revenue and is poised to deliver another 2x growth ... Read more ›
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Trust announced its official launch as the digital bank for Singapore, becoming the first of the nation’s new wave of digital banks and launches with a range of products for its customers, comprising a credit card, savings account and family personal accident insurance. Trust is backed by a partnership between Standard Chartered Bank and FairPrice ... Read more ›
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Digital lending, savings deposits, and mobile money/e-wallets are set to be the most promising fintech sectors in the Philippines going forward, according to Robocash analysts. A survey conducted by the World Bank also showed the main drivers of financial inclusion and fintech are government policies and the Covid-19 pandemic. About 68% of the surveyed claim ... Read more ›
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The GrowHub Innovations Company, Asia Pacific’s only Web3-enabled plug-and-play ecosystem builder for food traceability and carbon credits, and Koufuku Group, a Japanese food company with over 50 years of history, have signed a partnership agreement for a joint project on market penetration using GrowHub’s proprietary Web3 technology. In a statement, the duo said the partnership ... Read more ›
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Early-stage venture firm Pi Ventures has led the $1.7 million seed funding in Silence Laboratories, a web3-focused cybersecurity startup headquartered in Singapore. The funding round was also participated by web3 centric funds such as imToken ventures and prominent angels like Daniel Ari Friedman, Mahin Gupta, CK Vishwakarma, Priyeshu Garg, Ashish Tiwari, and more. Silence Laboratories ... Read more ›
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FathomX, a Singapore-based digital health AI company, announced that it raised a pre-Series A fund of S$2.24 million (about $1.6 million) in the lead up to its Series A financing. The company, which is a spin-off from the National University of Singapore and National University Health System, seeks to harness the full potential of its ... Read more ›
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28.11.2024 06:46
Last update: 06:41 EDT.
News rating updated: 13:42.
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