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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/14/2022 00:15 EDT

SG agritech Glife secures $3m in Tin Men-led Series A1 funding

Singapore-based food and agritech startup Glife Technologies announced Wednesday that it raised $3 million in its Series A1 funding round led by venture capital investor Tin Men Capital. The funding round will help Glife in accelerating its commercial plans, including the launch of a digital marketplace for the F&B sector and strengthening its operational capabilities ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/13/2022 23:50 EDT

Suzuki acquires strategic stake in Australian tech firm Applied EV

Japanese multinational corporation Suzuki has acquired a strategic stake in Australian technology company Applied EV for an undisclosed amount, according to an announcement Wednesday. The strategic investments comes as Applied EVE seeks to accelerate its software development for next generation mobility. Suzuki entered into an agreement with Applied EV in September 2021 and has since ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/13/2022 23:40 EDT

PH startup BillEase teams up with BrightChamps for study now, pay later offer

Philippine-based consumer finance startup BillEase announced that it has partnered with digital education company BrightCHAMPS to offer study now, pay later option. Customers can now use the BillEase app to choose from the world’s first Comprehensive Curriculum for Kids being offered at BrightCHAMPS and pay only 1/3 upfront, then split the payments in 3 months ... Read more ›

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/12/2022 04:55 EDT

Indonesian F&B startup UENA raises Seed funding to continue Jakarta expansion

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/12/2022 04:35 EDT

Shipping platform Shipmates scores $2.2m to help e-commerce firms grow

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/12/2022 04:28 EDT

PH startup BillEase secures $20m debt facility from Helicap

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/07/2022 06:44 EDT

HK’s Wada Bento raises $2.8m for bento machine that delivers meals in 17 seconds

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/07/2022 06:06 EDT

Unicorn India Ventures leads $4m Series A funding in retail tech startup Daalchini

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/07/2022 05:49 EDT

SOSV’s Orbit Startups names 10 firms for inaugural cohort

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/07/2022 02:37 EDT

LGBTQ-focused mental health-tech startup Evolve raises pre-Seed funding

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/06/2022 21:58 EDT

Australia’s Morse Micro raises $140m in Series B funding

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/06/2022 21:45 EDT

Indonesian agritech Gokomodo harvests $26m in Series A funding

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/05/2022 08:49 EDT

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/05/2022 08:01 EDT

Vietnamese e-commerce retailer Coolmate receives $2.3m in Series A funding

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/05/2022 02:17 EDT

Docquity, SE Asia’s social network for doctors, banks $44m in Series C financing

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/05/2022 01:33 EDT

Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/02/2022 00:33 EDT

Singapore’s Monk’s Hill Ventures leads Starboard’s $3.5m pre-Series A funding

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/02/2022 00:21 EDT

Online used car retailer Carro posts record $464m revenue

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/02/2022 00:11 EDT

Trust Bank launches as Singapore’s first digital bank

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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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/02/2022 00:02 EDT

Digital lending, e-wallets most promising fintech services in PH

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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