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Summer International stays ahead of the game by identifying the most influential content creators, and working with them to incubate new brands. NYX founder and Bespoke Beauty Brands CEO Toni Ko will also join Summer International as a strategic investor. NYX was acquired by L’Oreal in 2014 for about $500 million.
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. A close look at Singapore’s thriving startup ecosystem.
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. One difference between SIV II and the first fund is that it can writer bigger checks.
AppWorks , the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. Many of these LPs also participated in AppWorks’ $50 million second fund in 2014. Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1%
Trukita has an extended network of over 10,000 trucks, and the combination of the two companies means it is “now one of the largest logistics technology providers in Indonesia,” said co-founder and chief executive officer Andree Susanto. to advance its push to digitize logistics in Indonesia. Waresix hauls in $14.5M
Flip , an Indonesia-based fintech startup, announced today it has raised $48 million in a Series B to accelerate its growth. The funding brings Flip’s total capital raised to $65million. . Flip is Insight Partners’ first investment in Indonesia. . This new funding is a testament to our team’s commitment and persistence.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 billion in the first close of its pre-IPO funding. . Further investors are expected to join in its final close of the funding in the coming weeks. . Indonesia has more than $1 trillion in GDP with a population of 270 million.
Indonesia emerged as the best choice. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Gojek’s GoPay is also partnered with the Indonesia mosque council to allow users to make zakat, or obligatory alms giving, online. out of its 33.6 out of its 33.6
Existing investors Bessemer Venture Partners and Susquehanna International Group (SIG) led the round with strategic participation also from Citi Ventures, a subsidiary of the New York-based investment banking giant Citigroup. ” Lentra also has HDFC Bank as an investor, though it did not participate in the latest funding round.
Along with the stock market , cryptocurrency is also seeing an uptick among retail investors in Indonesia. Coinbase unveils fund for early-stage cryptocurrency startups. According to Pintu’s internal estimates, last year Indonesia processed $10 billion USD in cryptoassets transactions, mostly through retail investors.
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. The funding will be used to add more features to Omni, including a recruitment module by the third quarter and a performance enhancement module by the end of the year.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Glints’ team. Despite layoffs, there’s still a talent crunch in Southeast Asia.
Unlike other emerging economies such as China, India and Indonesia, which have embraced digitization and technology, Pakistan has trailed the region in the adoption of technology and startup formation. Pakistan, the world’s fifth most populous country, has been slow to adapt to the internet economy. Image Credits: Mikal Khoso.
They got a good enough reception that they decided to develop their product into an employee assistance program called Mindtera , which now serves more than 10,000 employees in Indonesia. Bhaskoro said Mindtera’s main competitors are EAPs based outside of Indonesia, and traditional workforce consulting agencies.
He is an adviser and investor focusing on high-impact entrepreneurship in emerging markets and has worked with the World Bank, International Finance Corporation, as well as numerous funds and startups focusing on developing countries. When the country first became independent, its mandate was to simply survive rather than thrive.
The company announced today it has raised $10 million in Series A funding co-led by Alpha Wave Incubation and edtech-focused GSV Ventures. This marks the first time both have made an investment in Indonesia. One of the Jakarta-based company’s goals is to improve educational standards in Indonesia.
The funding was led by Insignia Ventures Partners, with participation from returning investors Beenext and Integra Partners. Brankas new funding will be used to build new APIs and double its current team of 100. Brankas , an open banking startup for Southeast Asian markets, is entering the new year with a $20 million Series B.
SwipeRx , a platform for pharma professionals, said Tuesday it has secured a $27 million Series B round led by Indonesia’s MDI Ventures, with participation from the Gates Foundation, Johnson & Johnson Impact Ventures, Susquehanna International Group and existing backers. Certainly, SwipeRx — which raised $6.3 ”
Mobile Premier League (MPL) has raised $95 million in a new financing round, just five months after it secured $90 million as the two-and-a-half-year-old Bangalore-based esports and gaming platform looks to grow in international markets. million users in Indonesia, also serves as a publishing platform for other gaming firms.
The funding brings Jeff’s total raised to about $2.5 Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia. Part of the funding will be used to increase Jeff’s team from about 15 people now to more than 40 employees for its offices in Latvia and Southeast Asia.
Dable (the name is a combination of “data” and “able”) currently serves more than 2,500 media outlets in South Korea, Japan, Taiwan, Indonesia, Vietnam and Malaysia. It has subsidiaries in Taiwan, which accounts for 70% of its overseas sales, and Indonesia. The Series C brings Dable’s total funding so far to $20.5
And if you buy the same Nike shoes in Indonesia, Thailand or the Philippines, the answer is going to be much closer to 25%, maybe upwards of 30%.”. Deliveree is currently available in Indonesia, the Philippines and Thailand. What portion of that sales cost is spent on logistics and transportation and warehousing? It’s about 8%.
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. million couriers and operates in 10 countries, including Brazil, India, Indonesia, Korea, Malaysia, Mexico, the Philippines, Russia, Turkey and Vietnam.
million in pre-seed funding. That surpasses its internal target by 7x and the app will be available for public download soon. The company’s new funding will be used on product development, new hires and marketing. In a statement, AC Ventures founder and managing partner Adrian Li said, “The opportunity in Indonesia is massive.
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. ” Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group.
London-based Kodland , which started out back in 2018 offering in-person courses for children to learn digital skills like computer programming before switching focus to online learning from early 2020, has closed a $9 million Series A funding round to scale into more markets. Ireland, the U.S.,
Today GrowSari , a startup that is digitizing sari-sari stores with features like pricing tools, inventory management and working capital loans, announced it has raised a Series B from several notable investors that brings its total funding to $30 million. The company’s Series B is at a rolling close, so it has not announced a final amount.
The filing today marks a major turnaround for Oyo that grew too ambitiously in international markets in recent years but corrected course by hitting the brakes on some of those efforts. The startup said in the filing today that four markets — India, Indonesia, Malaysia and Europe — account for about 90% of its overall revenue.
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. The round was co-led by Patamar Capital and PT Astra Digital Internasional, a subsidiary of conglomerate PT Astra International Tbk (also known as Astra International).
International Corporate Accountability Roundtable ● icar.ngo. Mission: To fund social entrepreneurs in the developing world through crowdfunding. International Society of Street Papers ● insp.ngo. World Vision International ● wvi.ngo. United States. Kopernik ● kopernik.ngo. Water for All ● water4all.ngo.
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. This brings Edupia’s total funding to $16 million. Edupia currently has a total of 5 million users, with 400,000 paying students.
million in Series A funding, GlobalWonks emerged Tuesday as Enquire AI. based company leverages artificial intelligence in a tool for businesses to find global subject-matter expertise in real time, from both internal and external resources. million in total funding to date. Buoyed by a new cash infusion of $5.5
Four months after announcing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. Its previous funding announcement was a $45 million AUD Series D announced in March , led by online job platform SEEK, at the company’s previous valuation of about $250 million AUD.
The Singapore-based company announced today it has raised $44 million in Series C funding led by returning investors Itochu Corporation, which put in $32 million. It has also set up internal compliance and pharma co-vigilance team to ensure privacy and security. The new capital brings Docquity’s total raised to $57.5
The company, which was founded in 2013, also plans to strengthen its global operations across six countries — Thailand, Indonesia, Vietnam, Myanmar, Cambodia, and the Philippines. About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Interpark offers online travel booking services and international shipping to more than 230 countries and targets Korean, English, Chinese, and Japanese-speaking customers. billion from SoftBank Vision Fund 2, in July. Indonesia, the Philippines, India, and Africa as of September year on year. .
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.
They will join an international coterie of tech giants like Google, Facebook, Amazon, Stripe, Salesforce and Grab, that already have headquarters or significant operations, including engineering and R&D centers, in Singapore. This means startups will have to compete more aggressively for talent. ” Government policy pays off. .
Facebook partners with mobile carriers in developing countries like Indonesia, the Philippines, and Pakistan to give users free access to Facebook and a few other websites, but users have been unknowingly getting charged by their cellular providers, according to a report from The Wall Street Journal. Illustration by Alex Castro / The Verge.
There still exists a tech talent crunch, even in Singapore, where most layoffs and hiring freezes have happened because it’s regional headquarters for many international businesses and a startup hub. It’s a correction in general. This is fueled in part by the willingness for a decentralized workforce created by the pandemic.
. “This reflects both an overall increase in potential power demand by 2030 and the fact that LNG (or liquefied natural gas) projects are not on track to be completed by 2030,” said Giles Cooper, a partner at the international law firm Allens based in Hanoi who specializes in energy policy. Aniruddha Ghosal, Associated Press
million seed round co-led by returning investor LearnStart (the seed fund of edtech investment firm Learn Capital) and Anchorless Bangladesh. . Shikho’s last round of funding was $275,000 in pre-seed financing last year from LearnStart and strategic angel investors. . “I’m That’s part of what this funding round is for.” .
Ultimately, Homebase’s goal is to enter other Southeast Asian markets where home owners also face a dearth of financing options, like Singapore, Thailand and Indonesia. To screen applicants, Homebase has an internal checklist and onboarding process, and it also works with real estate agents, developers and other partners in Vietnam.
Wavemaker Impact is planning to a raise $25 million for its first fund and is currently looking for founders. Before launching Wavemaker Impact, the firm implemented an internal initiative called Green Wave to look at its carbon footprint and hold workshops for portfolio founders.
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