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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.
Doctor Anywhere , a startup that takes an “omnichannel” approach to healthcare, announced today it has raised $88 million SGD (about $65.7 The round was led by Asia Partners, with participation from Novo Holdings, Philips and OSK-SBI Partners. million USD) in Series C funding.
But the virtual event space continues to attract investors, at least in Asia. Hong Kong-based events management platform EventX said today it has raised another $8 million for its Series B, lifting the total amount secured for this round to $18 million. As countries ease up on COVID restrictions, activities are going back in person.
A startup that is helping these firms tackle this challenge said on Thursday it has raised $15 million in a new financing round. New York-based Olympus Capital Asia made the investment through Asia Environmental Partners, a fund dedicated to the environmental sector.
Today, the startup announced it has raised a $4.5 Hubilo’s clients have included the United Nations, Roche, Fortune, GITEX, IPI Singapore, Tech In Asia, Infocomm Asia and Clarion Events. Event discovery network IRL raises $16M Series B after refocusing on virtual events.
Increased access to online and mobile giving technology in Africa, Asia, and South America will likely grow these numbers significantly in coming years. Launched in 2012, #GivingTuesday has tremendous opportunity to grow into a global day of giving that could raise hundreds of millions of dollars for organizations.
Easy Eat AI , a Singapore-based startup that wants to “transform restaurants into technology companies,” announced today it has raised $5 million in funding. Their innovative software platform will be disruptive to the entire F&B ecosystem and how customers engage through the entire F&B lifecycle in the online-to-offline world.”.
HappyFresh , the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. 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.
Cashfree, an Indian startup that offers a wide-range of payments services to businesses, has raised $35.3 The new round brings the startup’s to-date raise to $42 million. Setu raises $15M to help developers connect with banks to offer Indians ‘sachet-sized’ financial products.
Further confirmation that the esports market is booming amid the pandemic comes today with the news that esports “total solutions provider” VSPN (Versus Programming Network) has raised what it describes as “close to” $100 million in a Series B funding round, led by Tencent Holdings. SPACE in Seoul, South Korea.
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. . Asia Pacific is the largest region in the global chemicals market, accounting for 49% of the $3.34
Fewcents , a Singapore-based fintech startup that enables publishers to take “micropayments” for individual pieces of content, announced today it has raised $1.6 Dadoo’s previous startup Shoffr, an online-to-offline attribution platform, was acquired by Affle in 2019. million in seed funding.
Boat, an electronics and lifestyle startup in India, has raised $100 million in a new financing round that many independent investors termed as the most successful hardware startup story in the world’s second-largest internet market. Among those that do exist, very few have been able to raise much money.
Today, Backpackr, which operates handmade marketplace called idus , has raised a $16 million (20 billion won) extension to its Series C financing, two-and-a-half years after its first Series C, which was $24 million (about 30 billion won). Backpackr said it has raised a total of $56.8 Japanese handmade marketplace Creema raises $10M.
Ascend Money , the Thailand-based fintech startup behind TrueMoney, an e-wallet service, announced today it has raised a $150 million Series C round at a valuation of $1.5 The growth in e-payment suggests changing consumers’ spending habits as Southeast Asia moves toward a digital economy and a cashless society,” Thamavaranukupt said.
The startup announced today it has raised a $14 million Series A led by Jungle Ventures with participation from eWTP Capital (a venture fund under Alibaba and Ant Financial) and ThinkZone Ventures. Edupia raises Series A to close the education gap in Vietnam by Catherine Shu originally published on TechCrunch.
Following a Covid-driven boost, the popular AllTrails resource for hikers, bikers, climbers, and anyone else who enjoys the outdoors, announced today it’s raised $150 million from the growth fund of global private equity firm Permira to further accelerate its business. Image Credits: All Trails.
The funding landscape in Southeast Asia is still wintery, but one fintech managed to land a major round. Kredivo Holdings , which offers credit services to underbanked consumers in Indonesia and Vietnam, has raised $270 million in what it says was an oversubscribed Series D.
Gurgaon-based mobile wallet service firm MobiKwik plans to raise up to $255 million in an initial public offering, becoming the latest Indian startup to explore the public markets. million online, offline and billing merchant partners, said its total income for the financial year that ended in March 2021 was about $40.5
Ajaib Group , an online investment platform that says it now runs the fifth-largest stock brokerage in Indonesia by number of trades, announced it has raised a $25 million Series A led by Horizons Ventures, the venture capital firm founded by Li Ka-Shing, and Alpha JWC.
The startup, which says it is the country’s largest direct-to-consumer insurance marketplace, announced today it has raised a $9 million Series A. The new funding brings its total raised to $12 million. Qoala raises $13.5M Indian online insurer PolicyBazaar files for IPO, seeks to raise over $800 million.
Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Even with a $75 million equity raise, Monday’s announcement makes GlobalBees ’ round the largest Series A funding in India. New York-headquartered Thrasio, which has raised over $1.3
Bangalore-based FamPay said on Wednesday it has raised $38 million in its Series A round led by Elevation Capital. TechCrunch reported early this month that FamPay was in talks with Elevation Capital to raise a new round. TechCrunch reported early this month that FamPay was in talks with Elevation Capital to raise a new round.
CoderSchool raised a seed round led by TRIVE Ventures in 2018. 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. pre-seed round.
Founded in Singapore and based in Los Angeles and South Korea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
The company announced today that it has raised $25.5 million in Series B funding for expansion in Australia, the United States and Southeast Asia. The round was led by Blackbird Ventures and King River Capital, with participation from returning investor January Capital, and brings Lexer’s total raised so far to $33 million.
Jendaya , a one-year-old startup that acts as a gateway for global luxury brands to the African continent and for consumers in the rest of the world to discover African brands, is coming out stealth, having raised £1 million (~$1.2 Ivorian e-commerce startup ANKA, formerly Afrikrea, raises $6.2M million) in pre-seed funding.
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 Hospitality has raised $7 million Series B round from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital in February 2020.
Airwallex , the Hong Kong/Australia startup that provides cross-border banking and other financial services for businesses, has raised $100 million, money that it will be using to continue expanding its business operationally, geographically and with new products in areas like credit and expense management — and for M&A. .
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. The company announced today it has raised $10 million in Series A funding co-led by Alpha Wave Incubation and edtech-focused GSV Ventures.
But buying one through the offline and traditional channel could prove to be a painstakingly long and high-risk process. A Gurgaon-based startup that is attempting to improve this experience said on Thursday it has raised a new financing round. Hundreds of thousands of used cars are sold in India each month.
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. Japanese payment service provider Paidy raises $48M from ITOCHU. PayPal was the first digital wallet partner to integrate with Paidy Link.
Kakao Pay raised $1.3 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.
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.
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.
BukuKas , one of several startups helping SMEs go online, announced today it has raised a $10 million Series A led by Sequoia Capital India. India’s Khatabook raises $60 million to help merchants digitize bookkeeping and accept payments online. Eventually, it wants to launch a SME-focused digital bank.
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. sign-ups since raising $100m in July. We have contacted GitHub about this issue. We will update this article if we hear back.
A Pakistani startup, which has taken inspiration from China’s JD.com and India’s Flipkart to build a managed marketplace of electronics products, said on Tuesday it has raised seed funding from scores of investors including PayPal founder Peter Thiel.
Despite e-commerce firms Amazon and Walmart and others pouring billions of dollars into India, offline retail still commands more than 95% of all sales in the world’s second largest internet market. And it has just raised a $1.65 The one-year-old startup operates a platform to leverage the warehouses across the country.
Voly , a five-month-old Sydney-based startup that offers thousands of SKUs and promises deliveries in 15 minutes at a flat fee of A$2.99 ($2.14), has raised A$18 million (just under $13 million at today’s rates) in a seed round of funding that it will be using to expand its business to cities and towns across the country.
On a return trip to Southeast Asia (McIntosh was born and raised in Indonesia), she observed the rise of social commerce, or people selling through social media like Instagram and WhatsApp, and was surprised to see it was similar to all the manual work she had put into her online bakery years earlier.
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. Whatnot raises another $150M for its livestream shopping platform, evolves into a unicorn. In the U.S.,
The firm is already looking to raise a second fund, with a target of $20 million SGD (about $14.9 The-Wolfpack plans to help them set up a physical studio to create an offline experience, too. million USD) and above, and will set up another office in Thailand, with plans to expand into Indonesia as well.
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