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Today Carsome Group , one of the region’s largest online used car marketplaces, said it plans to acquire listings platform iCar Asia in a transaction worth more than $200 million. of iCar Asia from Malaysia internet conglomerate Catcha Group. The roadmap to startup consolidation in Southeast Asia is becoming clearer.
The round was led by Asia Partners, with participation from Novo Holdings, Philips and OSK-SBI Partners. As part of the round, Asia Partners co-founder Oliver Rippel and Novo Holdings Equity Asia senior partner Dr. Amit Kakar will join Doctor Anywhere’s board of directors. million USD) in Series C funding.
But the virtual event space continues to attract investors, at least in Asia. And even if live events resume their normalcy, the company believes it can cling onto its long-running offline business. As countries ease up on COVID restrictions, activities are going back in person. Hopin’ into lessons from Peloton.
From GivingTuesday : 1) The estimated total of online and offline giving across sixty countries on GivingTuesday 2019 is $1.97 Asia – 26%. 511 was given online in the United States within the first 24 hours of GivingTuesday 2019, an increase of 28%. The median gift size was $50. By Region: Africa – 12%. Europe – 6%.
The companies are largely based around social and e-commerce initiatives, with Eugene Kim, the principal at Sparklabs, saying that they “reflect major trends in Asia in terms of what you’ll see in the coming years, such as growth in the e-commerce space, new targeted social networks and completely new innovations.”. Zoyi (Marketing).
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. 11) Donors are very involved with their favorite causes and charitable organizations offline. View: Giving Trends in Asia Data Sheet. View: Giving Trends in Africa Data Sheet.
It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. Resurgent HappyFresh raises $20M for its online grocery service in Southeast Asia. Founded in 2014, HappyFresh was the first Instacart-style grocery delivery service to launch in Southeast Asia.
The funding round will go toward improving esports products and its ecosystem in China and across Asia. Founded in 2016 and headquartered in Shanghai, VSPN was one of the early pioneers in esports tournament organization and content creation out of Asia. It has since expanded into other businesses, including offline venue operation.
TikTok is exploring the local life services sector in Southeast Asia as it tries to replicate sister app Douyins path in China. In China, Douyin offers group-purchase dining vouchers that users can buy at a discounted price before heading to offline outlets to use them. 36Kr, in Chinese ]
Returning investor Altos Ventures led the extension along with Stone Bridge and new investors Axiom Asia and Vanderbilt University. . The startup intends to sell products made in South Korea overseas and bring handmade products made in Southeast Asia to South Korea via its platform. Other countries like Japan and the U.S.
Ascend Money will use the proceeds to grow its e-wallet application – TrueMoney Wallet – and expand its digital financial services ranging from digital lending and digital investment to cross border remittances in Southeast Asia. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
New York-based Olympus Capital Asia made the investment through Asia Environmental Partners, a fund dedicated to the environmental sector. The startup plans to deploy part of the fresh capital to expand its presence in the offline market. India’s Cashify raises $12M for its second-hand smartphone business.
Hubilo’s clients have included the United Nations, Roche, Fortune, GITEX, IPI Singapore, Tech In Asia, Infocomm Asia and Clarion Events. The startup is headquartered in San Francisco, but about 12% of its sales are currently from Southeast Asia, and it plans to further scale in the region.
DDoS attacks are typically used to force websites or services offline, thanks to a flood of traffic that a web host can’t handle. Microsoft says the attack lasted more than 10 minutes, with short-lived bursts of traffic that peaked at 2.4Tbps, 0.55Tbps, and finally 1.7Tbps. Image: Microsoft. The attack on Azure lasted more than 10 minutes.
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. The company’s products include online and offline buy now, pay later, personal loans, credit cards and banking services through Krom.
We have our own supply chain and we have the power to distribute brands across Asia via our social commerce and live distribution platforms. Summer International’s live commerce distribution network helps it understand what brands and products consumers from different parts of Southeast Asia want to buy.
Returning investors SoftBank Ventures Asia, Insignia Ventures and Y Combinator also participated in the round, which was made in two closes. Inspired by companies like Robinhood in the United States and XP Investimentos in Brazil, Ajaib Group was created to be a mobile-first stock trading platform, with no offline brokers or branches.
Paidy has more than 6 million registered users, and the plan is to integrate PayPal and other digital and QR wallets with Paidy Link to connect further online and offline merchants. In April 2021, the Japan-based company launched Paidy Link, allowing users to link digital wallets with their Payidy account.
Playing tourist in DC, it is interesting to see how much your online digital life impacts your offline life. There were a number of online/offline participatory visitor experiences. The Smithsonian is one of the Networked Nonprofits we feature in the book. At the Museum of American History, we visited the First Ladies Exhibit.
The company, founded in 2015 by Charles Lee and Harley Trung, who previously worked as software engineers, pivoted from offline to online in early 2020 to bring high-quality technical training to everyone, everywhere. “Coding is the future.
Wassem told TechCrunch that Easy Eat AI was created because even though Southeast Asia “is a food paradise, everyone eats out, eating out is a culture here,” the restaurant industry is still one of the least advanced digitally. Deliverect gobbles up $65M for a platform that streamlines online and offline food orders.
There are a lot of talented people, like chefs and musicians, in Southeast Asia who can earn money through their work online, says TipTip founder Albert Lucius. TipTip wants to help them build up followers in their communities using an offline/online strategy, and monetize by selling content instead of relying on advertising algorithms.
The Hong Kong-headquartered startup will use the fresh capital for its market penetration into Southeast Asia, specifically Singapore and Malaysia, as well as the U.K. and other countries in Europe. The global social commerce market is projected to rise to $6.2 trillion by 2030.
Indonesian startup CoLearn started as a chain of physical tutoring centers and was in the process of shifting to a hybrid offline-online model when the COVID-19 pandemic hit. CoLearn started its offline in business in 2018, before shifting to a hybrid model. On-demand tutoring app Snapask gets $35 million to expand in Southeast Asia.
Dadoo’s previous startup Shoffr, an online-to-offline attribution platform, was acquired by Affle in 2019. Khare spent 12 years working at Google, including as director of strategic partnerships in Southeast Asia and India. Fewcents was launched last year by Abhishek Dadoo and Dushyant Khare (pictured above).
Kakao Pay will use its IPO proceeds to speed up its global expansion, including in Southeast Asia, Europe and China, said CEO Alex Ryu at an online press conference last week. Southeast Asia and Middle East-based companies have been reaching out to the fintech company to seek strategic partnerships, Ryu mentioned. billion from $1.63
The company, which focuses on halal products and other items for Muslim customers, announced today it has raised a $30 million Series B, led by UOB Venture Management’s Asia Impact Investment Fund II. Super, an Indonesian hyperlocal social commerce startup, raises $28M led by SoftBank Ventures Asia.
According to the founder of Singapore-based telehealth platform Ora, 90% of its patients are less than 39 years old and have not been treated for their conditions offline. Today, Ora announced it has raised $10 million in Series A funding, which it says is the biggest telehealth Series A round in Southeast Asia.
This round of funding was led by DST Global, with additional participation from Aspex Management, Reverent Partners and existing investors such as Goodwater Capital, Altos Ventures, SoftBank Ventures Asia, Kakao Ventures, Strong Ventures and Capstone Partners.
TouristEye: a trip planner that allows you to plan your trip on the web, but view all the info and maps offline on your mobile device. Asia Entrepreneur India Insider 500 Startups 500 startups accelerator 500 startups dave mcclure News shit 500 founders say shit founders say Fake it before you make it.”
and Asia. . Though the majority are based in Korea, the accelerator gets applicants from other countries looking or planning to enter Korea or Asia, according to Kim. . MyShop Cloud: An online to offline (O2O) platform that wants to digitize the value chain of dried fish, from wholesale to the retail market.
Even though selling through Facebook Live has been gaining popularity in Southeast Asia for years, many vendors are still going through their comments afterward and using pen-and-paper to collect orders. The founders of Upmesh were building a game on top of Twitch’s API when they realized something about another group of livestreamers.
Payfazz and Xfers , two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. Customers deposit cash with agents, and that balance can used to pay phone, electricity and other bills. ” Singapore-based Xfers Lands $2.5M
Today Propseller announced it has raised $12 million in Series A funding led by Vertex Ventures Southeast Asia and India. . Instead, Jorge went on to work for tech companies, including six years at Groupon, where he was in positions including general manager of Southeast Asia. .
In addition to providing financial capital, The-Wolfpack wants to build ecosystems around its portfolio companies by connecting them with IP owners, digital marketing experts, content producers and designers who can help create offline experiences. The-Wolfpack plans to help them set up a physical studio to create an offline experience, too.
After exiting two startups, Adan and his brother Adeel Shaffi got the idea of launching PriceOye when they were doing “a lot of island hopping” in Southeast Asia. The duo looked at several startups in Indonesia and India and found the Asian markets were seeing similar consumer internet trends play out — just at a different pace.
million in Series A funding to continue developing its automated approach to bring offline data online. Restaurants usually deal with having offline data, but time equals money, and if there is incorrect data, there can be some financial reimbursement. Woflow , a data infrastructure company, raised $7.3
In a market where internet-enabled app-based banking can reach 300 million subscribers on the continent, USSD technology, predominantly offline and used mainly by feature phones, outpaces it with 850 million connections. And so what we’re doing is building for them, because despite having a smartphone, they want to be offline.
As we continue to grow, we are setting our eyes to the East and aim to quickly establish a regional presence in Asia,” he added. Asia Pacific is the largest region in the global chemicals market, accounting for 49% of the $3.34 He co-founded BluePallet with Austin Britts, Kevin Fuller and Brian Perrott. “As trillion industry in 2020.
E-commerce in Southeast Asia is very fragmented, with consumers having their choice of marketplaces, e-commerce sites and social commerce. Gadi told TechCrunch that FLIK’s team is experienced in the payments and merchant business, both offline and online. “We FLIK co-founder and CEO Ahmad Gadi.
While the service has seen blocks in the country before, this appears to be a much broader denial of service, affecting most, if not all users in the world’s most populous country online and offline.
Before working at Mapan, Apti spent five years at Gojek as part of its GoTo Group, where she helped build Swadaya, its benefits program for Gojek drivers, and also led GoPay’s offline payments. In Southeast Asia, a booming crypto scene. Before that, she was country director for AI company Element, Inc. and a McKinsey consultant.
Yanolja Cloud automates online and offline operations and helps hotel operators to generate more revenues by offering personalized service to guests at a lower cost. The company claims that it provides Yanolja Cloud to about 30,000 clients in 170 countries, including across Southeast Asia and Africa, in 60 different languages. .
Zetwerk operates in such a unique space today — Shailesh Lakhani, managing director at Sequoia India, says the startup has defined a new category of marketplace — that by and large it’s not competing with any other firm in India — or South Asia. The startup competes with domain project consultants in the offline world.).
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