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Workmate , a Singapore-based on-demand staffing platform, has been acquired by Persol Asia Pacific , one of the region’s largest HR service providers. Workmate focuses on frontline and essential workers, and the acquisition will allow it to expand its HR solutions throughout the Asia Pacific. Workmate’s Thailand team.
Speedoc , a health tech platform that brings hospital care to homes, has raised $28 million in pre-Series B funding. Returning investor Vertex Ventures Southeast Asia and India, which led Speedoc’s $5 million Series A in 2020, also participated. The round included Bertelsmann Investments, Shinhan Venture Investment and Mars Growth.
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. Darwinbox operates a cloud-based human resource management platform. I am a strong believer in the SaaSification of Asia.
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 company said it has the largest GWP in Indonesia and Southeast Asia. .
Secai Marche , a farm-to-table fulfillment platform serving farmers in Japan and Southeast Asia, announced today it has raised 210 million Japanese yen (about $1.6 Spiral Ventures Asia Fund I and Beyond Next Ventures. million USD) in Series A funding. This brings the startup’s total raised so far to $4.5
Tazapay was created to combine both card and real-time payment methods as a full-stack service for merchants who sell across borders, so they only need to use one payment platform. million in Series A funding led by Sequoia Capital Southeast Asia.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
The round was led by Hanhwa Investment & Securities, with participation from SoftBank Ventures Asia (the early-stage venture capital arm of SoftBank Group), SK Networks, Aarden Partners and other strategic partners. The Seoul-based startup announced today it has raised a $60 million Series B.
Darwinbox, which operates a cloud-based human resource management platform, has raised $15 million in a new financing round as the Indian startup looks to further expand in the country and Southeast Asian markets. This is one of Salesforce Ventures’ rare investments in Asia. Image Credits: Darwinbox.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. Intellect describes this as “the largest venture round raised by any mental health company in Asia.” Intellect’s platform has two components.
Now Thoughtfull , another digital mental health platform focused on Asia, has raised $4 million in a pre-Series A round led by Sheares Healthcare Group. Thoughtfull marks Sheares’ first investment in mental healthcare in Asia. Egyptian health and wellness platform Esaal raises $1.7M Its app is available in 11 languages.
Undergirding their strong conviction is a bet that India and Indonesia and other markets in South Asia will double and triple their GDPs in the next 10 to 15 years, and the public markets and tech companies stand to take a significantly broader role in that surge. The combined market cap of top-five tech companies in the U.S.
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. The platform now serves 200 API customers, including large banks, financial institutions, tech unicorns and fintechs, and offers more than 4,000 embedded finance products.
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 Is consolidation on the horizon for Southeast Asia’s tech industry? among those affected.
Then, the platform combines the data with field reports to provide a unified view of collared wildlife, rangers, enforcement assets and infrastructure within a protected area. EarthRanger platform interface. as well as many other users across Latin America and Asia. A lion detected with WPS technologies.
Some of Goama’s clients have used it for promotional campaigns, while others rely on the platform, which introduces new games every week, to add a full-fledged gaming function to their app. So far, the platform has a combined total of 2.5 Goama (also known as Go Games) lets developers quickly integrate social games into their apps.
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.
Participants also include “four of Asia’s wealthiest families,” the startup said in its press release, whose operating businesses encompass banking and real estate across Southeast Asia and China. Endowus manages more than SGD $1 billion of pension assets on its platform.
This inspired him to co-found Locad , a logistics provider for omnichannel e-commerce companies that connects its network of third-party warehouses and shipping carriers with a cloud-based platform referred to its “logistics engine.”. 4 ways to use e-commerce data to optimize LTV pre- and post-holiday.
According to Etienne Ng, Regional Director of Southeast Asia at Weixin Pay, Tencent, the effort began roughly two years ago, around 2023, with a partnership between Weixin Pay and the Singapore Tourism Board as China began reopening after the COVID-19 pandemic. The collaboration builds on Tencents strategic interest in the region.
InVideo, a Mumbai-based startup that has built a video creation and editing platform, has raised $15 million as it looks to court more users and customers worldwide. Some of these customers are white-labeling InVideo platform to their own clients. InVideo ’s $15 million Series A financing round was led by Sequoia Capital India.
Jenfi , a “growth-capital-as-a-service” platform, can provide online businesses with revenue-based financing in a little as a day. million in pre-Series B funding, led by Headline Asia. The company also plans to develop a tech platform to allow third-parties to use its proprietary scoring models in their own native infrastructure.
Klikit wants to save Southeast Asian food businesses from “ tablet hell ” by aggregating order information from all apps into one platform. Since launching seven months ago, klikit’s SaaS platform, klikit Cloud, has been used to service more than $2.8 Many kitchens handle this by juggling several devices at a time, one for each app.
India’s government has sent notices to social media platforms ordering them to take down content that refers to an “Indian variant” of the COVID-19 virus, Reuters reported. 1.617 is believed responsible for the latest wave of COVID-19 cases in south Asia. Illustration by Alex Castro / The Verge.
The platform announced today it has raised $10 million in Series A funding led by Singaporean venture capital firm Jungle Ventures and Mumbai-based Dream Capital. The startup is among a number of investment apps based in Southeast Asia that have raised funding –and are continuing to raise).
Moove , an African mobility fintech that provides vehicle financing to drivers of ride-hailing platforms like Uber and other gig networks, has raised $105 million in new Series A2 financing. Here’s how it works: Drivers sign up on the platform and, once verified, are trained and sign contracts with Moove to access loans to buy or rent cars.
Jio Platforms, the biggest telecom operator in India and which has raised over $20 billion from Facebook, Google and other high-profile investors this year, is leading a financing round of a San Francisco-based startup that develops augmented reality mobile games. billion in India’s Reliance Jio Platforms. Google invests $4.5
Subscribe to Chain Reaction on Apple Podcasts, Spotify or your favorite pod platform to keep up with the latest episodes, and please leave us a review if you like what you hear! The digital asset space is still trucking along, while there were some big headlines, the week was arguably a little less chaotic (for now).
Pakistan’s embedded finance platform Neem has raised $2.5 It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. It offers a lending platform that its partners use to provide tailored lending products to consumers and MSMEs. Pakistan’s Neem raises $2.5M
Mambu , a Berlin-based startup that describes itself as an SaaS banking platform — providing, by way of APIs, technology to banks and others to power lending, deposit and other banking products — has closed a round of €110 million (about $135 million at today’s rates). offices established in Miami.).
For example, businesses can now self-register on the platform and instantly send candidates contracts and offer employee stock ownership plans. Several founders across Asia are building for the world from day 1 and hiring from around the world from day 1. Multiplier raised a Series A of $13.2
Wagely , an earned wage access (EWA) platform based in Jakarta and Dhaka, has raised $8.3 Wagely, an Indonesian earned wage access and financial services platform, raises $5.6M. Earned wage access platforms allow workers to access wages they have already earned on demand, instead of waiting until payday.
Founded in 2016 in Singapore, AnyMind expanded into Southeast Asia, East Asia, India and the Middle East through aggressive acquisitions. Its manufacturing platform AnyFactory , connected to more than 200 manufacturers across Asia, helps anyone find the best suppliers to make their products.
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. Social commerce.
Zeals is in talks again with a number of clients to re-enter overseas in Asia and the U.S., Business messaging platform Gupshup raises $240 million from Tiger Global, Fidelity and others. Shimizu added. Conversational AI startup Yellow Messenger raises $20M Series B from Lightspeed.
MarqVision has built an AI-powered intellectual property (IP) protection platform that monitors both e-commerce marketplaces and digital content, automatically detecting counterfeits and removing them from online sales and distribution. And now, the startup has raised $20 million in Series A funding to continue expanding its platform.
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.
Intellect , a Singapore-based startup that wants to lower barriers to mental health care in Asia, says it has reached more than one million users just six months after launching. Singapore-based Intellect wants to lower barriers to mental health support in Asia. Chai also participated. Intellect offers two products.
In Asia, one such sector appears to be the luxury fashion resale market, particularly for platforms that are seeing an uptick in users and sales. Kream , a reselling platform that lets people buy, sell and trade luxury goods like handbags, clothing and accessories, has raised a $168 million (220.6
Graduates of the Israel Defense Forces (IDF), the founders created a platform that leverages AI and hardhat-mounted 360-degree cameras to capture images of ongoing construction projects during site inspections. The enormous addressable market — $1.3 trillion in the U.S.
Some of its customers include financial services startup Cred, online grocer BigBasket, food delivery platform Zomato, insurers HDFC Ergo and Acko and travel ticketing service provider Ixigo. The startup works with several banks and also offers integrations with platforms such as Shopify, PayPal and Amazon Pay.
Policybazaar has raised $75 million as the Indian online insurance platform looks to expand its presence in UAE and Middle East. The platform also sells loans, credit cards and mutual funds. Sarbvir Singh, chief executive of Policybazaar, told TechCrunch that the startup had raised $75 million, but didn’t elaborate.
Pakistan-based fintech platform, NayaPay , has raised $13 million in a seed round to rollout its multi-service messaging and payment app, and to build payment acceptance and financial management tools for businesses in the South Asian country. We are very bullish on fintech in Pakistan.
Fashion items are among the most — if not the most — sought after on many e-commerce platforms. While general e-commerce activities between African shoppers and global brands have occurred informally via long-held relationships, several platforms have used tech to centralize these processes across various shopping brackets.
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