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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 2 place · 09/28/2021 22:36 EDT

Malaysian InsurTech firm PolicyStreet secures $6million funding in a Series A round

Malaysia-based digital insurance platform PolicyStreet has raised US$6 million (RM 25 million) funding in a Series A round. Altara Ventures-backed by an investor and businessman, Koh Booh Hwee, Gobi Partners, and Auspac Investment Management led the funding round. The startup raised funding earlier during the peak of the COVID-19 pandemic last year in June through ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily · 09/28/2021 15:36 EDT

Indian FinTech startup The Money Club raises $1.7 million in a pre-Series A round

The Money Club, an India-based FinTech startup has raised $1.7 million in a pre-Series A round led by Venture Catalysts and SOSV. The funding round also saw participation from other investors including LetsVenture, Blume Founders Fund, Keiretsu Forum, Astrac Ventures, LIV Advisors, and Rockstud Capital. The Money Club leverages artificial intelligence algorithms to effectively underwrite ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/28/2021 05:35 EDT

Indonesian personal finance app PINA raises funds ahead of November launch

PINA, an Indonesian personal finance app, announced raising an undisclosed amount in its latest venture funding round, led by Singapore’s 1982 Ventures. iSeed Asia, a fund backed by AngelList and Naval Ravikant, PT Prasetia Dwidharma, Oberyn Capital, and prominent angel investors have also participated in the funding round. PINA, which aims to help people to ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/28/2021 05:20 EDT

Forge Ventures launches $22m fund, to invest in 15 startups

Forge Ventures, a new Singapore-headquartered venture capital firm, announced that it made a first close of its debut fund at $21.88 million. The fund aims to invest in 15 startups in three years with a focus on Singapore and Indonesia, as per the announcement. To date, the fund has already led three investments: Vouch, a ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/27/2021 09:01 EDT

Ascend Money becomes Thailand’s first fintech unicorn after raising $150m

Ascend Money, Thailand’s digital payment firm, has become the country’s first fintech unicorn, after raising $150 million in a funding round that valued the company at $1.5 billion, according to a statement. The latest funding round was led by US-based investment firm Bow Wave Capital Management and backed by existing investors CP Group and Ant ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/27/2021 00:46 EDT

Singapore fintech startup Aspire raises $158m Series B

Singapore-based fintech startup Aspire announced raising $158 million in Series B funding to double down on its all-in-one finance operating system for growing businesses in Southeast Asia. The oversubscribed $158 million round was led by an unnamed global growth equity firm. It was also backed by new investors DST Global Partners, CE Innovation Fund, B ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/24/2021 08:26 EDT

Tech-enabled coffee chain Flash Coffee mulls Philippine expansion in 2022

Flash Coffee, one of Asia’s fastest-growing tech-enabled coffee chains has announced plans to expand into the Philippines, Malaysia, and Vietnam in 2022 to broaden its reach further. The company made the announcement after it officially launched in Hong Kong with its first store opening inside Golden Centre in Sheung Wang. The Hong Kong launch also ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/24/2021 08:19 EDT

US-based VC Goodwater Capital raises $1bn to invest in early, growth-stage startups

Goodwater Capital, a US-based venture capital (VC) firm, announced it has raised $1 billion in new funds that will invest in early and growth-stage consumer tech startups. Eric Kim, co-founder and managing partner at Goodwater Capital, said the firm also gets access to an additional $500 million to support late-stage hypergrowth companies. While based in ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/24/2021 01:27 EDT

IPI’s TechInnovation 2021 to showcase sustainable energy, food, healthcare solutions

TechInnovation 2021, a premier technology-to-industry matching event presented by IPI, will spotlight the latest global sustainability solutions during its run from 28 to 30 September in Singapore. IPI is a subsidiary of Enterprise Singapore. It seeks to accelerate the innovation process of enterprises through access to its global ecosystem and advisory service. TechInnovation was founded ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 2 place · 09/23/2021 07:22 EDT

Indonesia’s Dropezy expands into quick commerce with $2.5m funding

Dropezy, an Indonesian ultrafast grocery delivery startup, has announced raising $2.5 million in an oversubscribed pre-Series A funding round led by Forge Ventures. The fresh funding will fuel Dropezy’s expansion into the quick commerce, according to the announcement. Tekton Ventures, Next Billion Ventures, Nordstar, and a group of star angels, including the founders of Kopi ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 3 place · 09/23/2021 07:12 EDT

OY! Indonesia bags $30m in SoftBank Ventures Asia-led funding round

Fintech startup OY! Indonesia has raised $30 million in its Series A funding round led by SoftBank Ventures Asia, the early-stage venture capital arm of the SoftBank Group. Other investors, including MDI, Pavilion Capital, AC Venture, CCV, Wavemaker, PT SAT, Saison Capital Pte. Ltd., and Orion Advisors also participated in the funding round, according to ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 1 place · 09/22/2021 15:43 EDT

China’s auto-chip firm Black Sesame Technologies raises fresh funding from Xiaomi ascends to nearly $2 billion in valuation

China’s auto-chip startup Black Sesame Technologies has recently announced that it has raised “hundreds of millions of dollars” from Xiaomi Corp and other investors as the country fast-tracks the development of its semiconductor industry. Black Sesame Technologies said that its valuation is nearly $2 billion after this funding. Led by Hubei Xiaomi Yangtze Industrial Fund ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 2 place · 09/22/2021 15:40 EDT

Singapore’s Agri-FoodTech firm DiMuto raises $2.35 million in Series A funding

DiMuto, a Singapore-based global agri-food trade solutions firm has secured US$2.35 million in a Series A funding round led by The Yield Lab Asia Pacific. The funding round also saw participation from Great Giant Pineapple, Seeds Capital, Ocean Crest Investment, Patrick Vizzone, and Asia Capital Pioneers Group. Existing investors Latin Leap and SGInnovate also participated ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/22/2021 07:39 EDT

Indonesia’s social commerce platform Evermos bags $30m to finance expansion

Evermos, Indonesia’s social commerce platform, announced raising over $30 million in its oversubscribed Series B funding round led by UOB Venture Management’s Asia Impact Investment Fund II. The fresh funds will be used to expand the startup’s leadership and growth teams, enter new geographies, and deepen technology development, as per the announcement. New investors IFC, ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/22/2021 07:04 EDT

Chinese robotics startup Hai Robotics gathers $200m in funding

Hai Robotics, a Chinese warehouse robotics startup pioneering in autonomous case-handling robotics (ACR), announced that it raised about $200 million in total in two new continuous rounds of financing. According to the announcement, the Series C funding round was led by 5Y Capital with participation from Sequoia Capital China, Source Code Capital, VMS, Walden International, ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 3 place · 09/21/2021 14:55 EDT

India’s used-car sales platform Cars24 raises colossal funding of $450 million soars to $1.84 billion valuation

Cars24, the online marketplace for used vehicles in India has secured $450 million in a fresh funding round led by SoftBank Vision Fund II, DST Global, Falcon Edge. The funding round also saw participation from Tencent and the existing investors Moore Strategic Ventures and Exor Seeds. The new funding round was a mix of $110 ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily · 09/21/2021 14:50 EDT

India-based FinTech Razorpay receives strategic investment from Salesforce Ventures

Razorpay, an India-based FinTech unicorn has received an undisclosed amount from the investment arm of US-based customer relationship management firm, Salesforce Ventures to help grow its business banking vertical. According to CEO and Co-founder Harshil Mathur of Razorpay, this ‘strategic investment’ will help the company to expand its services in Southeast Asian markets. He added, ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily 1 place · 09/21/2021 07:36 EDT

Indonesian fintech startup Komunal raises $2.1m from East Ventures, Skystar Capital

Komunal, Indonesia’s first fintech company to offer Neo-rural bank services locally, announced that it has raised $2.1 million in its Series A funding round led by existing investors East Ventures and participated by Skystar Capital. The startup provides an ecosystem for BPRs (rural banks) across the archipelago to source third-party funding and syndicate lending through ... Read more

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AsiaTechDaily
Team AsiaTechDaily @ AsiaTechDaily · 09/20/2021 22:20 EDT

Airwallex secures $200m in Series E, raises valuation to $4bn

Hong Kong-headquartered global payments unicorn Airwallex announced raising $200 million in its Series E funding round, which raises the company’s overall valuation to about $4 billion The latest investment, which was led by US investment manager Lone Pine Capital, brings the company’s total funds raised to date to over $700 million, according to the announcement. ... Read more

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AsiaTechDaily
AsiaTechDaily Writer @ AsiaTechDaily 1 place · 09/20/2021 14:17 EDT

How two Indian techies built India’s first crypto unicorn-CoinDCX

The persistent belief of the founders of CoinDCX- Sumit Gupta and Neeraj Khandelwal in the power of crypto has enabled the startup to become the first crypto unicorn in India, even as a larger regulatory environment remains challenging for other players in the country. Founded in 2018, CoinDCX has put together over 3.5 million users. ... Read more

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