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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.
Backed by international LPs, Southeast Asia-focused venture firms like Alpha JWC , AC Ventures and Jungle Ventures raised their largest funds yet. And Indonesia in particular warrants special attention, as the fourth-largest economy in the world and the most populated Southeast Asian country with 273.5 million people.
The startup announced today it has raised a seed extension of $1.5 The funding brings Jeff’s total raised to about $2.5 Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia. Founded in 2019, the startup is operational in Vietnam and has applied for a license to launch in Indonesia.
Indonesia-based startup GoTo Group announced today it has secured more than $1.3 The latest round was led by Abu Dhabi Investment Authority (ADIA), with participation from Avanda Investment Management, Fidelity International, Google, Permodalan Nasional Berhad (PNB), Primavera Capital, SeaTown Master Fund, Temasek, Tencent and Ward Ferry.
At the same time, it has raised $35 million in a Series C funding round led by UAE-based investor Mubadala. Dostavista, the ‘crowdsourced’ same-day delivery service, raises $15M Series B. They have succeeded in going global; becoming competitive in 10 new international markets.”.
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. In 2021, Pakistani startups are on track to raise more money than the previous five years combined. Image Credits: Mikal Khoso.
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
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. The company also plans to hire for C-level positions and senior managers as it scales, and ramp up its international expansion.
The startup, which launched its app in Vietnam last year, announced today it has raised $1 million, led by the Estonian Business Angels Network (EstBAN). In Indonesia, Jeff has identified about 40 potential partners, “but so far we have only been scratching the surface,” said Niparts. million seed round.
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. . trillion in 2020, citing Bank Indonesia’s data. .
Along with the stock market , cryptocurrency is also seeing an uptick among retail investors in Indonesia. Pintu , a platform focused on first-time cryptocurrency buyers, announced today it has raised a $6 million Series A, led by Pantera Capital, Intudo Ventures and Coinbase Ventures.
In the latest development, Lentra , an Indian embedded AI-based finance startup, has raised $60 million — a Series B that values the startup at “over $400 million,” D Venkatesh, the founder and CEO of the startup, told TechCrunch in an interview.
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. The new capital brings Docquity’s total raised to $57.5 It has also set up internal compliance and pharma co-vigilance team to ensure privacy and security.
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.
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.
Indonesia emerged as the best choice. Southeast Asia is already home to a thriving fintech scene, where Grab , GoTo and Sea have built super apps that encompass financial services, and startups like Xendit , Akulaku and Dana (to name a few) have raised hundreds of millions of dollars for payments, banking services and other financial tools.
The eight-year-old Indian budget hotel giant has filed the paperwork (PDF) with the local market regulator for an initial public offering, in which it is seeking to raise about $1.16 Oyo recently raised $660 million in debt. SoftBank plans to sell stakes worth over $175 million, Oyo said in the filing.
Glints , one of Southeast Asia’s largest talent development and recruitment platforms, announced today it has raised $50 million in an oversubscribed Series D. This brings Glints’ total raised so far to $80 million. The round was co-led by DCM Ventures, Lavender Hill Capital and returning investor PERSOL Holdings. Glints’ team.
The company announced today that it has raised a $70 million Series C led by Gobi Partners and SPIL Ventures, with participation from returning investor Inspire Ventures. This brings the company’s total raised so far to $109 million since it was founded in 2015. The answer is very well-documented. It’s about 8%.
In Indonesia, arisans are traditionally rotating savings and credit associations (RSCA) that let groups of people, primarily women, save and borrow money together. The company announced today it has raised a Series A of $15 million. The company announced today it has raised a Series A of $15 million.
Other backers included Visa (Brankas was a member of its 2021 Accelerator Program), AFG Partners and Treasury International, the venture capital firm led by fintech veterans including Jeff Cruttenden, co-founder of Acorns and Eli Broverman, co-founder of Betterment, also invested.
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
Dable announced today that it has raised a $12 million Series C at a valuation of $90 million, led by South Korean venture capital firm SV Investment. 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.
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 Jakarta-based startup announced today it has raised $2.2 That surpasses its internal target by 7x and the app will be available for public download soon. The second, paid route involves customers going to three licensed credit bureaus in Indonesia to get their credit reports. million in pre-seed funding.
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.
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. Fund II also achieved internal rate of return (IRR) of 34.7%, compared to 26.1% AppWorks’ ecosystem now includes 414 active startups that have collectively raised $4.3
Australia-based Employment Hero raises $45M AUD for its global expansion. “We We had been speaking with them for years, so when they asked if we would consider raising, we agreed it was definitely worth exploring. The new capital will be used to hire for its engineering teams and for the company’s continuing international expansion.
Interpark offers online travel booking services and international shipping to more than 230 countries and targets Korean, English, Chinese, and Japanese-speaking customers. The acquisition comes on the heels of Yanolja raising $1.7 Indonesia, the Philippines, India, and Africa as of September year on year. . billion IPO.
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. To understand the regulatory environment in Kenya or public health in Indonesia, you have to know how to get that information,” COO Baloch told TechCrunch.
Due to the daunting logistics behind international expansions, it’s challenging for an African-based startup to expand outside the shores of the continent. The Lagos and Paris-based company raised $11 million Series A in 2019. FairMoney raises $11 million for its challenger bank for emerging markets.
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.
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). Kodland’s remote courses for children aged 6-17 are currently available in the U.K., Ireland, the U.S.,
Serialized fiction startup Radish raises $63.2M Having launched across Asia and Europe this year, the company plans to expand further in international markets next year, aiming to triple its transaction from overseas in the next three years. It also entered Indonesia in 2017 and Indian in 2020. from SoftBank and Kakao.
Unsurprisingly, fintech startups were well-represented in Y Combinator’s W22 batch, with 35 international companies participating and 25 more tagged as crypto-focused. For the unacquainted, Brex is a corporate spend company that recently became a decacorn when it raised $300 million at a $12.3 billion valuation. billion valuation.
Successful and Unsuccessful Examples: From @davidahood: Greenpeace internationally had great success recently with the Nestle campaign getting Nestle to end deforestation in Indonesia for palm oil. I think the lack of background on blog etc lead to them raising about 1/3 of the budget. Support info is very important.
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.
Indonesian edtech startup Gredu raises $4M Series A to keep teachers, parents and students engaged with one another. Indian edtech giant Byju’s to expand to international markets. Both grew up in Dhaka before moving to the United Kingdom, where they went to university.
With Grab’s announcement of its imminent Nasdaq listing and GoJek merging with Tokopedia to form tech giant GoTo , casual international observers could be forgiven for believing that Southeast Asia’s tech universe only comprises similar companies.
Catherine Bashiama runs her fingers along the branches of the coffee tree she’s raised from a seedling, searching anxiously for its first fruit buds since she planted it three years ago. When she grasps the small cherries, Bashiama beams. Excelsa could play a key role in adapting.
Speaking of impact, London, England-based Childreach International works in partnership with local communities in the developing world to help improve children’s access to healthcare, education, child rights, and protection. In the past year, Childreach International has impacted the lives of over 70,000 children.
The company announced today it has raised $4 million in seed funding led by Go-Ventures, with participation from Susquehanna International Group (SIG). Juragan Material wants to make things easier with a B2B marketplace for building materials from curated suppliers.
Raising money for personal causes, and medical fundraising, in particular, is having a moment in places like India with crowdfunding websites like GlobalGiving’s partner, Impact Guru. For many, blockchain is synonymous with Bitcoin—but its potential for international development goes far beyond cryptocurrency. 1,171,000,000.
Ranking gender-related data sources and evidence, policymakers said they most often use government data (79%), international data, such as from the UN (47%) and academic or research institution data (41%). To achieve our aim, we need to understand the needs of one of our main targets – policymakers.
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