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RaRa Delivery ’s ambitious goal is to offer same-day deliveries in Indonesia without burning cash like many on-demand logistics providers. The company announced today it has raised $3.25 RaRa Delivery’s goal is to integrate with all major marketplaces in Indonesia, so sellers can offer it as a delivery option to customers.
Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. Aruna announced today it has raised $35 million in Series A funding led by Prosus Ventures and East Ventures Growth Fund, with participation from SIG and returning investors including AC Ventures, MDI and Vertex Ventures. Series B round.
Even the largest landfills in Indonesia are at (or nearing) capacity , and the government has set an ambitious target of 30% waste reduction by 2025. Sustainability is the team’s main focus, with a demonstrated commitment to building a better future for Indonesia. Founded in 2014, Waste4Change has seen a CAGR of 55.1%
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60M in funding. The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. Where are all of the VCs in Asia?
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. Jeff raises $1M to build alternative credit scoring and other fintech products for Southeast Asia.
Komunal is reaching out to Indonesia’s rural customers by going where they are. Founded in 2019, the startup announced today it has raised $8.5 Another opportunity presented itself in the form of Indonesia’s 1,500 BPRs. Komunal raises $8.5M
Many teachers and parents in Indonesia rely on WhatsApp to keep in touch, creating “multiple groups that often become messy and highly ineffective, and result in confusion or lost threads,” says Rizky Aniez, the co-founder and chief executive officer of Gredu. InfraDigital helps Indonesian schools digitize tuition and enrollment.
Indonesia’s Xendit , a startup focused on building digital payments infrastructure for the region, has just raised $64.6 The funding brings the total amount raised by the Jakarta-based company to $88 million since its 2015. And Southeast Asia is no exception. million in a Series B led by Silicon Valley heavyweight Accel.
The Singapore-based startup announced today it has raised $6.6 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. million in pre-Series B funding, led by Headline Asia. Jenfi absolutely stood out to us.
Jakarta-based Xendit , best known for its digital payment infrastructure but also focused on other financial products, announced today it has raised $150 million in Series C funding, bumping its valuation to $1 billion. Indonesian payments infra startup Xendit raises $64.6M in Accel-led Series B.
TaniHub Group , an Indonesian startup that helps farmers get better prices and more customers for their crops, has raised a $65.5 The new funding brings its total raised to about $94 million. Agritech startup TaniGroup raises $10M to help Indonesia’s farmers grow. million Series B. Rakuten and Beyond Next invest $1.4M
The company is one of the largest VC–backed startups in Southeast Asia, having raised over $60 million in funding. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Hire the right people – local and entrepreneurial. You also need true local expertise.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 More than 80% of households in Indonesia, Malaysia, Thailand and Vietnam own two-wheeled vehicles, but the majority are fueled by gas. Son Nguyen, founder and chief executive officer of Dat Bike.
The new round of funding brings its total raised to $5.8 With the latest funding, Peeba plans to double its headcount and expand local offices to improve local language support across 11 Asia countries. Lai said its localization effort isn’t just focused on supporting multiple languages. The startup has secured $4.2
In Indonesia, daily necessities often cost more in smaller cities and rural areas. The startup announced today it has raised an oversubscribed $28 million Series B led by SoftBank Ventures Asia. Other social commerce companies in Indonesia include KitaBeli, ChiliBeli and Woobiz.
Hangry , an Indonesian cloud kitchen startup that wants to become a global food and beverage company, has raised a $13 million Series A. It will be used to increase the number of Hangry’s outlets in Indonesia, including launching its first dine-in restaurants, over the next two years before it enters other countries.
Chinese electric vehicle maker BYD has launched a sale of its Hong Kong shares to raise up to $5.2 The deal adds to a sharp pickup this year in share offering momentum in Hong Kong, the preferred destination for Chinese companies looking to raise offshore capital, as investors bet on a possible recovery in China’s economic growth.
QuotaBook , a Seoul-based equity management platform, has raised $11 million in funding led by Elefund, with participation from Access Ventures, Hana Securities and South Korean fintech company Viva Republica. Some of its previous backers, including Draper Associates and Capstone Partners, joined the round. Image Credits: QuotaBook.
The Sydney, Australia-based company announced today it has raised a $45 million AUD (about $34.8 Its Series D will be used to support growth in those markets, and enter new Southeast Asian countries, including Thailand, Vietnam, Indonesia and the Philippines. million USD).
Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. Singapore’s logistics tech startup Parcel Perform raises $20 million. Ninja Van raises $30M to build a regional logistics network in Southeast Asia. It currently employs more than 61,000 staff.
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. Oyo is ready to explore the public markets.
The startup announced today it has raised $3.8 Surjaudaja told TechCrunch that IDEAL was started “with the thinking that consumer lending in Indonesia is broken.”. With that in mind, Indonesia has one of the lowest credit to GDP ratios in the region, signifying that there is a lot of economic value potential that can be unlocked.
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. . We bring to the partnership local e-commerce expertise, as well as the understanding and empathy of local brand owners’ mindsets.
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. Additionally, we’re seeing local employers interested in hiring both tech talent locally and also remote hiring as well.
What’s the point in using “global” tools (social media) for local organizing? From @amoration: I find we’re always both global & local, so many of us travel frequently that virtual organizing tools are essential even for “local&# endeavors. Social media used to engage local supporters to act globally.
Verihubs announced it has raised $2.8 ” The round led by Insignia Venture Partners, with participation from CCV (Central Capital Ventura, the investment arm of Bank Central Asia, the largest privately-owned bank in Indonesia), and Armand Ventures.
Simon Black, PPRO’s CEO, said in an interview that two particular areas of focus in the coming year will be more activity in Asian countries like Singapore and Indonesia, as well as Latin America, where the company acquired a local player, allpago , back in 2019. Unit raises $18.6M to offer banking features as a service.
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. After that, it plans to localize Employment Hero for Indonesia, Thailand, the Philippines, Hong Kong and Vietnam.
As part of the deal, Payfazz, an agent-based financial services network in Indonesia, invested $30 million into payments infrastructure provider Xfers. In Indonesia, Payfazz has built a network of 250,000 financial agents to reach people in rural areas where many banks don’t operate branches.
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 The e-wallet service also serves as a payment channel for B2B, ranging from big brands to local SME owners as well as street market entrepreneurs.
Super , the Indonesian social commerce startup focused on small towns and rural areas, announced today it has raised an oversubscribed $70 million Series C. This brings Super’s total raised so far to $106 million since it was founded in 2018. The company’s agents, or resellers, can either be individuals or local shops called warungs.
Presently , Wapi Pay works with local banks and platforms in China, Indonesia, India, Japan, Malaysia, Philippines, Singapore, Taiwan, Thailand and Vietnam. The company claims to be growing at 396% year-on-year since 2019 and has hopes to continue in that fashion.
CrediBook , a startup that helps Indonesian retail wholesalers digitize the financial side of their operations, has raised $1.5 Founded in February 2020, CrediBook is part of a wave of startups focused on digitizing small- to medium-sized businesses in Indonesia. Melio raises $110M on a $1.3B
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
The Y Combinator alum announced today that it has raised $15.75 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 Indonesian-based startup announced today it has raised $13 million in Series A funding, just eight months after its $10 million Series A in March. It is currently focused on Indonesia, with a presence in 40 cities. The latest round was led by East Ventures, with participation from returning investors Vertex, SMDV and B.I.G.
According to the World Bank, Indonesia produces 4.8 The Jakarta-based startup announced today it has raised an oversubscribed round of $5 million led by Openspace and SOSV. million tons of plastic waste each year that is “ mismanaged ”—meaning it ends up uncollected, chucked into dumpsites or leaked from improperly managed landfills.
Beam , a Singaporean shared micromobility operator, announced today that it has raised $93 million in a Series B round to accelerate growth into new countries in Asia. Singapore’s micromobility startup Beam raises $26 million. This article has been updated to reflect new information from Beam.
Founded in Singapore and based in Los Angeles and South Korea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
And NewCampus, a Singapore-based startup co-founded by Will Fan and Fei Yao , announced today that it has raised millions of dollars to help coming of age companies train their maturing workforce to help them grow into those new, larger roles.
Based in London and Krakow, the startup announced today it has raised $5.5 This brings Airly’s total raised to $8.8 Airly is currently used by more than 500 local authorities in over 40 countries, with 5,000 of its sensors covering a total of 40,000 active measurement points. million since March 2021.
H2O Hospitality has raised $7 million Series B round from Samsung Ventures, Stonebridge Ventures, IMM Investment and Shinhan Capital in February 2020. SevenRooms raises $50M to double down on reservations, ordering and other tools for hospitality businesses. Mint House claims top NYC hotel after COVID changed its hospitality business.
One of them, ThoughtFull , announced today it has raised $1.1 million USD in seed funding, which it says one of the largest seed rounds raised by a digital mental health startup in Southeast Asia so far. Low said ThoughtFull works closely with local healthcare systems to ensure that its services are tailored to each market.
Called SoBanHang (or “sales book”), it would help businesses that usually rely on paper ledgers digitize their operations, similar to Khatabook in India and BukuKas and BukuWarung in Indonesia. The company announced today that it has raised $1.5 Many are very local, serving customers within a couple kilometers.
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