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Tiger Global, which led the startup’s Series C round in February this year, has led the $125 million Series D financing round in the five-year-old startup. Some of its clients are in Bangladesh, Malaysia, Singapore and Dubai. “We Tiger Global goes super aggressive in India.
million USD) Series B led by Tiger Global, with participation from Jason Lenga. The company launched in Singapore in May, followed by Malaysia in August. Shippit , a Sydney, Australia-based e-commerce logistics platform, will expand in Southeast Asia after closing a $30 million AUD (about $22.2
Today the Hong Kong and Malaysia-headquartered startup announced it has raised $23 million in Series B funding to scale its team and product. In many emerging markets, and mature markets like Europe, WhatsApp is the preferred communication channel between customers and businesses. WATI founders Ken Yeung and Bianca Ho.
SleekFlow , an omnichannel social commerce platform that helps businesses build customer flow automation from messaging and live video to transactions, has closed $8 million Series A funding led by Tiger Global Management. The global social commerce market is projected to rise to $6.2 and other countries in Europe.
Chinas Great Wall Motor is poised for its big entry into Southeast Asia, as the automaker said on Monday it would begin manufacturing its cars in Malaysia and Indonesia as early as July, in addition to its planned entry into Vietnam, local media reported.
Tiger Global’s latest investment in India is Vecmocon , a startup building solutions to bring safety and reliability alongside intelligence and health monitoring to light electric vehicles (EVs), addressing concerns that are curtailing the sales of electric scooters in the South Asian market.
Una, one of the largest e-commerce aggregators in Asia, has already established its presence across Asia, including Singapore, Australia, India, China, Indonesia, Malaysia and Taiwan, since its launch in 2021. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025.
The round was led by Tiger Global Management, with participation from returning investors Accel, Amasia and Goat Capital, the venture firm co-founded by former Y Combinator partner Justin Kan (in 2015, Xendit became the first Indonesian startup to participate in the accelerator program). We’re going to hire a whole team on the ground.”.
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. Today it announced it has added $10 million to its war chest in a Series A extension led by Tiger Global, bringing the round’s total to $20 million.
The capital will be used for expansion and growth in markets including New Zealand, Southeast Asia and the United Kingdom. Employment Hero doubled the number of its full-time employees to 200 last year, and launched versions in New Zealand, the UK, Malaysia and Singapore. Virtual HQs race to win over a remote-work-fatigued market.
Socar , South Korea’s largest car-sharing startup, tumbled in its Seoul stock market debut Monday even after pricing shares below the bottom end of a marketed range. Socar’s debut comes amid a sluggish period in the IPO market in South Korea that has prompted a series of Korean companies to delay their listing plans.
The 2nd China-Malaysia Science & Technology Innovation Summit kicked off in MRANTI Park, Kuala Lumpur on Wednesday (March 6) with the theme Fostering Collaborative Innovation, Building the Future Together. For almost 15 years now, China has been Malaysias largest trading partner, one that is valued at over MYR487 billion ($102.92
This technological breakthrough prompted multiple sources to confirm that Huawei has discreetly initiated a comprehensive strategy to reenter the global smartphone market, actively preparing its channeling and marketing teams for international markets. IThome, in Chinese ]
Also participating is Anthos Capital, Global Brain, Clocktower Technology Ventures, Moneta VC, Mitsui Fudosan and Firestartr. Nigel Verdon, co-founder and CEO of Railsbank, tells me the injection of capital will be used to continue expanding the fintech’s global footprint and for further product development.
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. Peeba is bringing about the next stage of global retail innovation. Wholesale marketplace Abound raises $22.9M.
Founded in 2019 by Mohd Wassem, Rhythm Gupta and Abdul Khalid, Easy Eat AI currently has operations in Malaysia, and plans to expand into other Southeast Asian markets. Based on that information, it created marketing campaigns to draw back people who hadn’t returned in 20 days. A menu created with Easy Eat AI.
Comparable to DoorDash Drive or Lalamove (Malaysia), Dostavista is a “crowdsourced” same-day delivery service. Also participating were VNV Global, RDIF, Flashpoint Venture Capital and others. They have succeeded in going global; becoming competitive in 10 new international markets.”.
Perhaps this is the impact of so many accelerators going virtual, widening the founder pool from whom they might matriculate to include a more global group of founders. The investment was led by Global Founders Capital , and saw participation from East Ventures and angel investors. Back to BrioHR itself, the company is announcing $1.3
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in Asia. Now it plans to speed up the pace of its expansion, with six new markets in the region planned for this year, before entering European countries and the United States. Taboola and Outbrain call off their $850M merger.
This is part of a strategic investment, with startup and MUFG planning to expand into new markets and product together in 2023. Akulaku, which operates in the Philippines and Malaysia in addition to Indoensia, offers a virtual credit card and installment shopping platform, as well as an investment platform and neobank.
But founder Matthew Joseph Martin soon realized that the startup, backed by investors like Boost VC and Tim Draper, was serving a relatively niche market in the States. So he started researching markets with large populations of Muslim people. Meanwhile in Malaysia, where 61.3% Indonesia emerged as the best choice.
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.
With the theme of Technology for a Sustainable Future, the INCLUSION Conference on the Bund was held in Shanghai from September 7 to 9, bringing together global experts, scholars, and entrepreneurs to explore technological developments in economic industries.
Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets. Australia-based Employment Hero raises $45M AUD for its global expansion. “We Remote raises $150M on a $1B+ valuation to manage payroll and more for organizations’ global workforces.
Luckin Coffee plans to bring its beverage brand to the Malaysian market with a local partner as the Chinese coffee chain expands beyond Singapore, its first foreign location. Malaysias media outlet The Edge cited sources familiar with the matter in a report on Thursday. The Edge ]
Its other backers include Tiger Global, Y Combinator and Insignia Ventures. Founded in 2019, Intellect’s markets now include Malaysia, Singapore, India and Hong Kong. IHH Healthcare also made an investment into the startup, without disclosing the amount. IHH Healthcare is Intellect’s first strategic investor.
CEO Eddie Wu, in an internal memo, said the move aims to enhance the companys ability to serve consumers worldwide and support small- and medium-sized enterprises in expanding across globalmarkets, as reported in Chinese media outlet 36Kr. In September, Taobao introduced an English version of its platform in Malaysia and Singapore.
Alibabas China-focused marketplace Taobao has joined the wave of Chinese e-commerce platforms launching cross-border operations with a plan to ship clothing globally for free. Why it matters: The move illustrates Taobaos efforts to tap into a broader globalmarket while also engaging in competition with Pinduoduo at home.
Vashisht said HealthifyMe is India’s top health and fitness app, but its long-term goal is to become the global leader. Since HealthifyMe began operating first in cost-sensitive markets, it started using AI early on to scale efficiently, Vashisht said. When it enters a new market, the company localizes its services using a playbook.
The global thirst for an up-charged pair of Yeezy’s or limited edition Jordan’s combined with a growth in a digital ecosystem is creating new opportunities, particularly in the sneaker resale market, for companies like Kicks Crew , a Los Angeles- and Hong Kong-based sneaker and apparel platform. Canada, Australia and Asia.
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. During the pandemic, FunNow faced different challenges in each of its markets. During the outbreaks, FunNow’s team adapted the app’s services.
E-commerce aggregator Una Brands gets $30M to acquire more APAC brands The company, which employs more than 200 people across Singapore, Indonesia, Malaysia, Australia, India and China, has acquired over 20 e-commerce brands in Asia. (The startup said in September it had annualized revenue of more than $50 million.)
Its fourth fund is focused on Malaysia and run by a separate team). Its team has grown to 35 people, with most based in Indonesia, but ACV also recently established Singapore and Malaysia offices. Fund V has already made five investments, including SkorLife , IDEAL and Atma. ACV recently hired Helen Wong as managing partner.
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
The new round brings its total raised to $538 million and was led by Coatue and Insight Partners, with participation from Accel, Tiger Global, Kleiner Perkins, EV Growth, Amasia, Intudo and Goat Capital. Part of the funding will be used to expand into new markets, like Thailand, Malaysia and Vietnam. In the U.S.,
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.
Today, the Singaporean-based startup announced it has raised $10 million, with the goal of expanding its wireless laser communications system in Indonesia, India, the Philippines, Malaysia, Singapore and the United States. Some of its previous backers include EDBI, Entrepreneur First, 500 Global, SparkLabs Global Ventures and Michael Seibel.
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.” .
to send money to the region, much higher than the global average of 6.8%. South Asia, for instance, has the lowest average remittance costs across all regions at 4.95% (these percentages are reported on a standard $200 transfer); therefore, it makes sense to tap into the opportunities the market presents. ” he added.
The round’s other participants were Sequoia Capital India (Zenyum is an alum of its Surge accelerator program ), RTP Global, Partech, TNB Aura, Seeds Capital and FEBE Ventures. ZenyumClear is currently available in Singapore, Malaysia, Indonesia, Hong Kong, Macau, Vietnam, Thailand and Taiwan, with more markets planned.
oDesk claims that it dominates the market of online freelance marketplaces with $360 million spent by its clients in 2012; this number for the five closest competitors combined – Elance, Freelancer, Guru, People Per Hour, and 99Designs – reaches only $310 million. According to the last stats provided by oDesk itself, the company has 4.5
Glorang will use the Series A to expand its service to Japan and Malaysia by the fourth quarter of this year and Taiwan, Thailand and Vietnam in the following years, Hwang said. It also plans to increase its headcount. . The Asia Pacific is one of the fastest-growing regions in the adoption of Edtech, increasing to $64.5 billion in 2019.
The global circular economy, comprising the sale of secondhand and refurbished goods, was valued at about $339 billion in 2022 and is poised to more than double by 2026. In addition to Singapore, Reebelo services Australia, New Zealand, Malaysia, Hong Kong and South Korea. growing to 25% of total sales, Franta said.
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.,
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