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The Malaysia-based company said today it has raised $7 million in Series A funding led by Headline, with participation from AltaIR Capital, Smart Partnership Capital, Sterling Oak Group and Calendula Ventures. develops its platform using feedback from its customers. Malaysia-based Respond.io Respond.io Respond.io
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. In exchange, Catcha Group will become a shareholder in Carsome Group.
ShopBack , the Rakuten-backed e-commerce loyalty platform, announced today it will acquire buy now, pay later startup Hoolah. The merger means new features will be added to ShopBack’s platform, evolving it from a loyalty app for e-commerce purchases to enabling transactions with BNPL options.
Intellect , the Singapore-based mental health platform that now serves over three million users in 20 countries, is getting ready for a new phase of growth after striking a strategic partnership with IHH Healthcare, Asia’s largest private healthcare group. IHH Healthcare is Intellect’s first strategic investor.
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.
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.
Validus , a Singapore-based lending platform for small and medium-sized enterprises, is acquiring CitiBusiness’ loan portfolio for an undisclosed amount to bolster its top-line revenue and customer base and expand its growing loan book. . Southeast Asian lending platform Validus raises $20 million for its Series B+ round.
Though Easy Eat AI lets restaurants integrate with third-party food ordering apps, it also has its own delivery infrastructure, including on-demand riders, that costs just 4% per order, compared to the 20%-30% that many of the largest food delivery platforms charge. Payments and reward programs can also be accessed through the platform.
Other investors included Orbit Malaysia, Citrine Capital, HMI Group and Emtek. The company currently operates in Singapore, Malaysia and Indonesia, and plans to enter into new countries with its new funding. Smarter Health’s platform isn’t meant to replace legacy software already in use by its clients.
Indonesian agritech platform TaniHub Group harvests a $65.5M Buyers make purchase orders through the platform, which are then distributed to fishery communities that Aruna organizes to focus on particular types of seafood. The platform currently has about 20 product categories and will use its funding to expand into more.
Launched in South Korea five years ago, content discovery platform Dable now serves a total of six markets in 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. Taboola and Outbrain call off their $850M merger.
Jakarta-based fintech Akulaku has raised $200 million from Mitsubishi UFJ Financial Group (MUFG), the largest bank in Japan. Its other backers include Ant Group (Akulaku launched a BNPL partnership earlier this year with Alipay+). Its other backers include Ant Group (Akulaku launched a BNPL partnership earlier this year with Alipay+).
Homage , the caregiving-focused startup, has raised a $30 million Series C led by Sheares Healthcare Group, which is wholly-owned by investment firm Temasek. Homage currently operates in Singapore, Malaysia and Australia. It brings Homage’s total raised to more than $45 million.
Singapore and Malaysia, so it wants to go deeper into Europe more broadly and into more of Asia Pacific, he said. GO1, an enterprise learning platform, picks up $40M from Microsoft, Salesforce and more. Barnes added that the funding will be used to expand further in existing markets. But it also comes on the heels of impressive growth.
The microfinancing platform connects investors with small businesses using mudarabah, a shariah-compliant profit-sharing agreement. Indonesia and Malaysia, in the heart of Southeast Asia, are among the countries with the largest Muslim populations in the world. Meanwhile in Malaysia, where 61.3% out of its 33.6
Payfazz and Xfers , two startups that want to increase financial inclusion in Southeast Asia, announced today they have joined forces to create a new holding entity called Fazz Financial Group. Kwik will serve as Fazz Financial Group’sgroup CEO, while Liu will be the financial entity’s deputy CEO.
10×1000 Tech for Inclusion Program Initiated by Ant Group and IFC Before the panel discussion, the host briefly introduced the 101000 Tech for Inclusion Program , an initiative aimed at promoting tech inclusion and bridging the digital divide in underserved communities. This article was supported by Ant Group. Read more here.
Many of the most notable startups in the space, like Thrasio , Berlin Brands Group and Branded Group , focus on consolidating Amazon Marketplace sellers. But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms like Tokopedia, Lazada, Shopee, Rakuten or Ebay depending on where they are.
Alibaba Group announced a major restructuring of its e-commerce business on Thursday, consolidating its domestic and international operations into a single e-commerce division. Jiang Fan, currently CEO of Alibaba International Digital Commerce, has been named as the new CEO of the group and will report directly to Wu. As of Sept.
The founders of Upmesh were building a game on top of Twitch’s API when they realized something about another group of livestreamers. Upmesh was created to automate the checkout process and ultimately wants to create a platform similar to Whatnot where people can discover new live commerce sellers across different social media platforms.
Fazz , the Southeast Asian digital financial services group created by the merger of PayFazz and Xfers , announced today that it has raised a total of $100 million in Series C funding. This includes $75 million in equity and a $25 million debt facility. The company says that it saw $10 billion in annualized transaction volumes last year.
Carsome , which bills itself as Southeast Asia’s largest e-commerce platform for used cars, announced it has closed a $30 million Series D. Founded five years ago in Malaysia, Carsome’s platform serves both C2C and B2C segments, and ensures quality by conducting inspections before vehicles are listed on its platform.
It supports more than 50 different payment methods, including all the major ones in Singapore, Malaysia and Indonesia (including Atome, GrabPay, Boost and GoPay). Payfazz invests $30M in Xfers as the two Southeast Asian fintechs form Fazz Financial Group. The company announced today that it has raised $4.8
Supermom , a parenting platform with 20 million users in six Southeast Asian countries, offers parents price comparisons, communities and the chance to earn money by completing surveys. Supermom currently has a presence in Indonesia, Malaysia, Singapore, Vietnam and Thailand, and plans to expand into more markets. TechCrunch+.
It also included returning investors CDIB Capital, Darwin Ventures, Accuvest, Sanput Travel Group and CSV Venture Fund, which is jointly managed by NEC Capital Solutions and Venture Labo Investment. Its Series B brings FunNow’s total funding, including its 2018 Series A , to about $22.5
” The company is coming out of stealth today and also announcing that it has raised $12 million in funding led by Petra Group and Freestyle Capital, with participation from Jake Roper, Peter Hollens, Wendy Ayche (a.k.a. Wengie), Selina Tobaccowala, Jazwares CEO Judd Zebersky and others.
Last week, Intellect announced a strategic investment from IHH Healthcare , Asia’s largest private healthcare group. 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. Egyptian health and wellness platform Esaal raises $1.7M
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. In our conversation, TechCrunch was curious about how prevalent SaaS as a model is in Malaysia and the other countries the startups wants to sell into.
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. Glorang was founded in 2017 by Hwang, who started off this company with an AI-powered platform helping students match with study abroad programs.
Northstar Group, a regional private equity firm, is the sole investor in Una Brands’ latest round, which involves a mix of equity and debt, though Una Brands declined to break out how much equity versus debt the newest round involves. It also declined to disclose its valuation when asked.
AppSpree is a cross-promotion platform for mobile applications that is aiming to help app publishers promote their apps through an exchange network. The founders met at Mcgill College in Canada and have built a free SDK that lets developers submit banners to a network while adding the platform’s banner system to their own ads.
trillion won (approximately $1 billion) in March from Lotte Rental, the rental car unit of South Korean Lotte Group. Additionally, Socar is building an ecosystem for future mobility, including an autonomous driving platform, charging stations service for electric cars and micro-mobility. billion won ($150 million) funding at a 1.3
Canada, CIS Region, Malaysia, Indonesia and Argentina — with the startup offering proprietary localized content for each target region (although its users are spread across some 40 countries). Although the online learning offered by Kodland’s platform is guided by teachers rather than self-serve. Ireland, the U.S.,
After several launches, however, the Singapore-based startup noticed an interesting trend: customers were ordering batches of products from Raena every week and reselling them on social media and e-commerce platforms like Shopee and Tokopedia. Last year, the company decided to focus on those sellers, and pivoted to social commerce.
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. Image Credits: SwipeRx.
In July, it announced a strategic investment in legacy online payments platform Dragonpay. By August, there were 10,000 SME sign-ups on our platform alone. The other one is expanding out to fintech companies—for example, there’s been a big uptick in Indonesia, especially accounting platforms. in Accel-led Series B.
Based in Jakarta, IDEAL simplifies the process with a platform that lets users compare mortgage products and apply for them from multiple banks at the same time. million in pre-seed funding led by AC Venture and Alpha JWC, with participation from Living Lab Ventures and Ciputra Group. The startup announced today it has raised $3.8
Founded in 2018 by Daniel Hazman and Jonathan Keith, Nimbly is currently used by more than one hundred organizations in seven countries, including Indonesia, Singapore, Malaysia and the United States. AI-based customer engagement platform iKala raises $17 million to expand in Southeast Asia.
Lazada operates in Thailand, Singapore, Vietnam, Malaysia, Indonesia, and the Philippines, with its Thai business the first to achieve profitability in 2022. Temu, the budget-oriented retailing platform owned by PDD, entered the Thai market in August, one year after its expansion to Malaysia and the Philippines.
Its clients include Merck, Philips, Foodpanda, Singtel, Shopee, Omnicom Media Group and abrdn. Intellect’s platform has two components. A new examples include Meta-backed Ami , MindFi and Thoughtfull , plus a roster of startups focused on specific markets, like Ooca in Thailand or Naluri in Malaysia.
The company now has a team of 300 people and aside from its Singapore headquarters, also has a tech and engineering hub in Gurgoan, India, and other offices in Indonesia, the Philippines, Malaysia, Thailand, Vietnam and Taiwan. The company says that so far, its platform has enabled doctors to earn a total of 4.2 million CME credits.
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 global market while also engaging in competition with Pinduoduo at home.
billion investment in the Indonesian e-commerce platform Tokopedia. NVIDIA’s collaboration with Malaysia’s YTL Group to build a $4.3 billion AI data center in Malaysia. The development of NVIDIA in Malaysia is anticipated, and there are hopes that it will drive the growth of AI in the country.
billion investment in the Indonesian e-commerce platform Tokopedia. NVIDIAs collaboration with Malaysias YTL Group to build a $4.3 billion AI data center in Malaysia. The development of NVIDIA in Malaysia is anticipated, and there are hopes that it will drive the growth of AI in the country.
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