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The Series D funding, which brings its total funding to date to approximately $91.7 AnyMind acquired ENGAWA, a Japan-based cross-border marketing company, in January last year with its Series C proceeds. AnyMind operates 17 offices across 13 markets with more than 1,000 employees. million, consists of ¥4 billion (29.4
Carro , one of the largest automotive marketplaces in Southeast Asia, announced it has hit unicorn valuation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants include insurance giant MSIG and Indonesian-based funds like EV Growth, Provident Growth and Indies Capital.
million in pre-Series B funding, led by Headline Asia. The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. The Singapore-based startup announced today it has raised $6.6
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 About 70% came from Thailand while 30% came from the international market, the co-President Thamavaranukupt said.
Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.
During that time, Chen says they realized that the marketing, sales and design process have stayed the same, despite new technology and tools being introduced to the market, and is often riddled with bottlenecks. Chen says most have large sales and marketing teams, but a shortage of designers.
It also included returning investors Mirae-Asset Naver Asia Growth Fund and Z Venture Capital. The company’s previous round of funding was a $20 million Series C announced in April 2019. It expanded into five markets before shutting down its operations in Taiwan and the Philippines in 2016.
The company is headquartered in Japan, with operations in Malaysia, and plans to expand into Singapore, Thailand and Indonesia. million USD) in pre-Series A funding from Rakuten Ventures and Beyond Next Ventures to build a B2B logistics platform for farmers that sell to restaurants, hotels and other F&B (food and beverage) businesses.
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. million in seed funding led by Headline Ventures. The new round of funding brings its total raised to $5.8
The fresh capital, which brings its total funding raised to $135 million, was led by Affirma Capital, with participation from Sequoia Capital India, Hana Ventures, ICT Capital, EDB Investment (EDBI), AC Ventures, RTP Global and Momentum Venture Capital. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
With their services more relevant than ever during the COVID-19 pandemic, the startup announced it has raised $14 million in new funding. John Brisco, co-founder and chief executive officer of Coherent, told TechCrunch that the startup has worked with more than 30 insurers in 10 global markets during 2020.
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 startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. This is the second part of a four-part series that will provide insight into starting, building, and funding a company across Asia. Having people in-market and on the ground is key in each of these countries.
The new funding will be used to expand in Indonesia and develop new distribution channels, including insurance agents and SMEs. Insurance penetration is still relatively low in many Southeast Asian markets , including Indonesia, but the industry is gaining traction thanks to increasing consumer awareness.
The social commerce market is already worth more than $13 billion in Southeast Asia, but the checkout process is filled with friction. The Thailand-based startup created a one-click payment solution for social commerce sellers and has raised $2.5 Beam is currently focused on Thailand, with plans to expand into Southeast Asia.
Doowa was previously co-founder and CEO of Frank Insurance, an online digital broker in Thailand that was acquired by Bolttech in 2021. Many insurance companies in Thailand manage their agents using a combination of Excel, Line chats and phone calls. Eazy Digital was founded last year by Haprem Doowa and Maethavee Sukul.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. He added that expanding into Indonesia and the Philippines will “round off our SEA footprint,” which already includes Singapore, Thailand and Vietnam.
Konvy had the advantage of starting in Thailand when there were no really significant e-commerce players there at the time,” Huang told TechCrunch. We’ve since leveraged our first mover advantage in Thailand to become a leading e-commerce player in the market.”. This has spawned as well a thriving local industry.
Eat Just’s current distribution partners in Asia include SPC Samlip in South Korea, Betagro in Thailand and an as-of-yet undisclosed new partner in China, where Just Egg is already available on Alibaba’s Tmall and JD.com. Its investors include Khosla Ventures and Li Ka-Shing.
The way we see the market is that number one, the inefficiency in trucking and cargo shipping has driven up costs materially. 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%.”. The answer is very well-documented. It’s about 8%.
Xendit , a payments infrastructure platform for Southeast Asia, has raised $300 million in fresh funding. The company’s new valuation wasn’t disclosed, but it hit unicorn status in its last round of funding in September 2021. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam.
million in Series A funding led by Tiger Global, with participation from returning investors Global Founders Capital and HOF Capital. It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines.
The latest round brings its total funding raised to $41.4 JIC Venture Growth Investments led the Series E equity funding, with participation from Z Venture Capital , a venture investment arm of Z Holdings, Japan Post Capital and Salesforce Ventures. million (3.5 billion yen) in equity and $11.6 million (1.5 billion yen) in debt.
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. For example, Singapore, Hong Kong, Japan, Australia and New Zealand are all core markets. The first half of Series A was announced in January 2022.
Jamil Wyne is a co-author of the World Bank report “The Evolution and State of Singapore’s Start-up Ecosystem: Lessons for Emerging Market Economies.” As of 2019, Singapore had over $19 billion in PE and VC assets under management, more than twice that of neighboring Indonesia, Philippines, Vietnam, Malaysia, and Thailand combined.
Other participants include the Malaysian Technology Development Corporation (MTDC), which is wholly-owned by Khazanah Nasional Berhad, the Malaysian government’s sovereign wealth fund; ZB Capital Limited; and angel investors. million hectares around the world, and Poladrone sees a serviceable addressable market of 4.2 billion per year.
It is a portfolio of loans to hundreds of small businesses in Singapore, which is the target market Validus serves, Goel added. . Citigroup also has agreed to sell its Southeast Asia retail operations in Indonesia, Malaysia, Thailand, and Vietnam to Singapore-based United Overseas Bank for about $3.7billion in January. .
million capital market investors in the country, or less than 1% of its population (in comparison, about 55% of Americans own stocks , according to Gallup data). Ajaib Group’s founders said it differentiates as a low-fee stock trading platform that also offers mutual funds for diversification.
The funding news comes a few weeks after The Parentinc said that it had added LINE Southeast Asia as a shareholder. Other strategic investors in the company include JD.com and SCB 10X, which has helped build Mama’s Choice presence in Indonesia and Thailand. just weren’t covered in books and websites,” Mahtani Cheung told TechCrunch.
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 USD) in Series C funding. The company’s Series C, which it claims is one of the largest private rounds raised by a Southeast Asian healthtech company, brings its total funding to more than $140 million SGD. . The funding will be used to deepen Doctor Anywhere’s presence in its current markets and expand into new ones.
On the back of its successful launch in Vietnam earlier this year, the startup plans to penetrate farther into Southeast Asian countries such as Thailand, Malaysia and Indonesia in 2023, co-founder and CEO Kimberly Yao said in an interview. . We are taking the best practices along with key learnings to our next market launch.” .
It operates in Singapore, Malaysia, Cambodia, Indonesia, Myanmar, Philippines, Thailand and Vietnam. According to Crunchbase , the company has raised over $10 billion, including from SoftBank’s Vision Fund. It expects to see the total addressable market jump from $52 billion to $180 billion by 2025. billion in cash.
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. We’ve asked him to give us some insight into starting, building, and funding a company across Asia. He is currently CEO of Bubbly , a social media startup backed by Sequoia Capital, SingTel Innov8, and JAFCO.
The amount of the investment is not being disclosed, but Aldagram said it will use the funds to sharpen its focus on India, Thailand, the Philippines, Malaysia and other countries in the region. The global construction management software market is expected to reach $23.9 billion in 2031, up from $9.3
million in pre-Series A funding led by Jungle Ventures. Its new funding is the first time Jungle Ventures has invested in the mobility sector and included participation from Wavemaker Partners, Hustle Fund and iSeed Ventures. In 2018, he moved back to Vietnam and launched Dat Bike.
The funding environment for startups across the globe has been challenging for the past year, but some sectors are still attracting checks as if it was 2021. 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. million from 2.2
It will also use the funding for global expansion, Kimura said. The company plans to expand further in major cities and tourist destinations, including Mexico, Spain, Thailand, Dominican Republic, the U.S. SmartRyde announced today it has secured a $1.6 Honolulu, Las Vegas, Miami) and Japan, Kimura said.
Tinvio’s last funding announcement was a $5.5 Since its seed funding, Tinvio says its client base has increased four times to over 5,000 businesses in Singapore, Indonesia, Thailand and other Asian markets. million seed round in April 2020. Tinvio, a communication platform for supply chain merchants, gets $5.5
For brands, it gives them a way to conduct market research and collect first-party data, which is important as marketers prepare for a post-cookie world. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets.
After regulatory approvals for the funding are completed, Sequoia Capital India managing director Abheek Anand will join StashAway’s board of directors as part of the round. It currently has operations in in five markets: Singapore, Malayasia, the United Arab Emirates and Hong Kong, and is preparing to launch in Thailand.
million in seed funding. Co-founders Kevin Lee and Kevin Chanthasiriphan both grew up in food families from Taiwan and Thailand, respectively, and met a decade ago while working at the same tech company. Meanwhile, the new funding will be split between R&D, hiring and marketing, Lee said. Image Credits: Immi.
The newest round was led by the InsuResilience Investment Fund II, which was launched by the German development bank KfW for the German Federal Ministry for Economic Cooperation and is managed by impact investor BlueOrchard. By bringing down the cost of managing claims, Igloo is able to offer lower premium to customers.
The startup announced this week it has raised $1 million in seed funding from Mintech Enterprises and Hofan Capital to build its technology and expand into new countries. Then sellers chose what they want to add to their stores, which they market to potential buyers through their social media networks. billion,” Concio said.
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