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Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The pandemic accelerated the digital transformation in the insurance industry, one of the most conservative sectors.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Southeast Asia is hitting a sweet spot. billion at a market cap of $8 billion. Amit Anand. Contributor. Share on Twitter. Vertical e-commerce is climbing the vine.
3) Animals Asia Shop :: shop.animalsasia.org. Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. 15) Little Market :: thelittlemarket.com. Proceeds aid musicians and music industry workers who are struggling with illness, disease, and age-related problems.
Chamber of Commerce with support from Business Roundtable — has announced commitments in support of COVID-19 pandemic relief and response efforts in Indonesia and Southeast Asia. As the fourth largest nation in the world and the largest economy in Southeast Asia, Indonesia is a significant market for U.S. businesses." U.S.
HR tech platform Darwinbox has more than tripled its valuation to become a unicorn in a new $72 million funding round as the Indian startup leads what an investor calls the “SaaSification of Asia” trend. I am a strong believer in the SaaSification of Asia. You may ask why SaaS for Asia needs to even exist as a category.
The firm’s comprehensive “Southeast Asia Exit Landscape Report 2.0,” is a followup to a previous report published in 2019. While tech fared well compare to many other industries, one downside was that the COVID-19 pandemic caused overall global venture capital investment to decline. It’s a definite increase,” said Lints.
In Western markets, freight forwarders are well into digitizing their operations, but the same doesn’t hold true in Southeast Asia, say the founders of Fr8Labs. The reasons for that include the lack of localized software and a more fragmented logistics industry where SMBs dominate.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
The funding will be used on Profet AI’s expansion in Japan, Southeast Asia and China, with plans to sign joint ventures with overseas partners. Profet AI’s software lets users build prediction models and industrial AI apps for production and digitalization, even if they only have basic knowledge of machine learning.
One of the largest solar companies in Africa and Asia, Sun King , has raised $260 million in series D funding to deliver off-grid energy technologies to more people across the two continents. This investment in Sun King marks an incredible inflection point for the global off-grid solar industry,” said Walsh. Image Credits: Sun King.
BluePallet , an online marketplace connecting manufacturers with the chemical industry, announced today that it has raised $5 million in a funding round led by Vinmar Ventures, a subsidiary of petrochemical distributor Vinmar International. . I should know, I covered the petrochemical industry in the late 1990s).
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. Localizing for each market can be quite complicated. Indonesia is one of the biggest, and rapidly growing, market opportunities in Southeast Asia.”.
According to the World Bank, more than one billion people in South and East Asia lack access to a bank account. The funding will be used to enter other Southeast Asian markets, including Indonesia and the Philippines, and introduce new products, like free credit score and insurance offers, digital discount coupons and mobile wallet cashbacks.
Focused on Southeast Asia, Ayoconnect ’s APIs make it faster for businesses to launch new financial services, instead of needing to build their own tech infrastructure. Its APIs are cover two categories: open banking APIs and payment services APIs, with the goal of building the most complete open finance stack in Southeast Asia.
Nikkei Asia writes that Chinese semiconductor makers are turning to Japan for used equipment in the wake of US sanctions, sending up prices in the country's second-hand market. With the worldwide chip shortage still causing supply problems across multiple industries, even older, out-of-date machines are selling fast; this has seen.
ZEBOX , an international accelerator network founded by shipping conglomerate CMA CGM to introduce more tech innovation into the supply chain industry, announced today the launch of its APAC headquarters. Based in Singapore, ZEBOX Asia will also look at markets like Indonesia, Malaysia, Taiwan, Japan and Korea.
As the industry grapples with the larger questions of how to create viable solid-state batteries or commercialize robotaxi service , the companies listed here are focused on the incremental steps toward a fully autonomous future. The year also saw the companys rapid expansion across Asia and into Mexico, South America, Europe, and Australia.
The AI industry hit a significant bend in the road toward artificial general intelligence in 2024. And all the while a small AI lab in China was quietly developing new AI models, including reasoning models, that would begin sending shockwaves through the AI industry by the end of 2024. The rest of the industry has followed its lead.
Rali_cap , an early-stage venture capital firm focused on emerging markets fintech, has launched a $30 million fund. The two-year-old VC fund invests in B2B and API-first fintechs across Africa, Latin America and South Asia at pre-seed and seed stages. About 40% are based in the U.S.,
The company offers a complete spectrum of e-commerce support services for direct-to-consumer (D2C) brands, from making a website, setting up a payment system, and managing marketing to handling shipping, warehousing, and logistics. The startup looks to challenge e-commerce players like Shopify in Southeast Asia. “I
Now it’s set a goal of investing in 100 more startups with the launch of its second emerging market seed-stage fund, called Seedstars International Ventures II (SIV), with a first close of $20 million. We’re really looking to diversify holdings, leveraging learnings from one market to another,” said Sosrodjojo.
Influencer marketing is one of the fastest-growing and one of the most impactful media channels today. Marketers have now realized that their customers trust the recommendations of people they relate with. AIfluence is a two-year-old startup with an AI-driven influencer marketing approach to measuring these campaigns.
It’s been a tumultuous few years, but China’s manufacturing industry is now on the rebound. Once an industry characterized by low-end manufacturing and intensive labor, it has transformed into a high-end manufacturing hub aided by technology. Understanding the market. However, the “bust” is entirely avoidable.
The Series A round, led by Cathay Innovation with participation from Franklin Templeton, will be used to grow Coherent’s client base in Asia, including insurers who want to add more digital services to their usual sales processes because of the pandemic. Coherent will focus on China and emerging markets in Asia.
million in seed funding, money it plans to use for expansion across South Asia, Southeast Asia and the MENA region. . CEO Aahan Bhojani and Ashmin Varma founded Silkhaus last year after identifying a $13 billion market opportunity for asset owners across emerging markets, particularly MENA, South Asia and Southeast Asia.
Just half a year after leading SODA’s Series B , SoftBank Ventures Asia is raising its bet on the Tokyo-based sneaker resell platform. Other investors include South Korean sneaker reselling platform KREAM (another SoftBank Ventures Asia portfolio company), Altos Ventures and JAFCO. The StockX EC-1.
Over the next few weeks, the venture capital industry will compile and release data concerning its Q4 2020 performance, capping a year that saw the world of private capital freeze , thaw and burn. The Exchange explores startups, markets and money. For our look at the third-quarter fintech VC market, head here.).
Soleadify is a startup that uses machine learning to create profiles for businesses in any industry. The first of the company’s products is a business search engine that keeps over 40 million business profiles updated, currently used by hundreds of companies in the USA, Europe and Asia for sales and marketing activities.
One Impression, an Indian influencer marketing platform that does business in markets including Indonesia, Dubai, Europe and the U.S., The Gurugram-based startup is building an Amazon-like platform to help brands quickly find relevant influencers for their marketing campaigns.
Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.
million in a pre-Series A round, to tap the opportunities in emerging markets, where digital lending apps have recently sprung up in droves. Bfree is now on a massive recruitment drive for the 16 new markets in which it is setting up operations, including Ghana, India, Uganda, Brazil, Colombia, Mexico, Russia, Poland, Pakistan and Indonesia.
Skit announced today it has closed $23 million Series B round to accelerate its growth in domestic and global markets including the US and South East Asia and enhance its voice automation platform. We want to double down and scale operations in both Indian and global markets. It currently has 150 employees.
Founded in 2016, viAct currently serves more than 30 construction industry clients in Asia and Europe. trillion-dollar industry. The viAct team has not only created a product that drives value for the industry but has also been able to earn the trust of their customers and accelerate adoption.”
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. This begs the question: Who exactly is investing in Southeast Asia? Southeast Asia has become an attractive market for U.S. Amit Anand. Contributor. Share on Twitter.
and Asia, and to double down on building more AI-based technology to expand its platform. Growfin is tapping into a ripe market, not least because of the current economic climate and the pressures that it is putting on businesses of all sizes. where most of its clients are based, as well as in Asia. million Series A.
Amit Anand is a founding partner of Jungle Ventures and an early pioneer and leader in the development of Southeast Asia’s venture capital industry. Predicting the next wave of Southeast Asia tech giants. trillion industry by 2025 , with the biggest gains being made in Brazil and India. More posts by this contributor.
With Southeast Asia’s joint fund, Kejora-Intervest Growth Fund also joined in the round, it is a sign that H2O Hospitality will be focusing specifically on the Southeast Asian Market. H2O was the only company in Asia, he claims, and many property owners have started to get onboard since August 2020, he explained.
trillion general insurance industry. . The company has raised a $1 million seed round to enhance its platform and scale in Asia. The company is currently operating its service in Singapore, but plans to enter other markets like Malaysia, Hong Kong and Taiwan, Gordon Tay said. . “We Antler joined in its previous funding. .
The logistics industry in Indonesia is highly fragmented , which means higher costs for businesses. Other notable startups in the space include Kargo, founded by a former Uber Asia executive, and Waresix. ” SiCepat claims to be profitable already and that it was able to fulfill more than 1.4 million packages per day in 2020.
Eyelash extensions have taken off in recent years — particularly in Asia — but the audience is only so broad. Little wonder that, even accounting for low-budget lashes that can be applied at home, the market stands at around $2 billion, which is too small a market to capture the attention of most venture capitalists.
Today, one of such, MAGIC Fund , a global collective of founders, is announcing that it has raised a second fund of $30 million to continue backing early-stage startups across Africa, Europe, Latin America, North America, and Southeast Asia. They are precious when startups are trying to figure out product-market fit.
million Series A earlier this year), Slow Ventures, Breyer Capital, Wamda Capital, Flourish Ventures, and additional unnamed investors from the Middle East, Africa, Asia and Latin America. Taptap Send has been steadily growing and adding more countries to its list of served markets.
The company says this is one of the largest seed rounds ever for a SaaS company based in Asia. Part of Nektar.ai’s seed funding will be used to build a go-to-market team focused on the United States. team will continue their strong momentum on the path to becoming the industry-leading tool for enterprise sales productivity.”.
This trend has been circling around the restaurant industry. A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . billion by 2030 , up from $15.2
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