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Summer International uses social media data to launch new beauty brands

TechCrunch

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.

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Southeast Asian startups to watch in 2022

TechCrunch

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.

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Financial comparison “super app” Jeff raises $1.5M seed extension

TechCrunch

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.

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Indonesia’s Goto Group raises over $1.3B in first pre-IPO close

TechCrunch

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.

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Borzo, a delivery startup which focuses on emerging economies, raises $35M

TechCrunch

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.”.

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Pakistan’s growing tech ecosystem is finally taking off

TechCrunch

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.

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Waresix acquires Trukita to connect more of Indonesia’s fragmented logistics chain

TechCrunch

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

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