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There’s a large education gap in Vietnam between urban centers, which have access to more resources, and the smaller cities and rural areas where 80% of students live. Before founding Edupia, Hung spent 10 years as director of digital services at Viettel, the largest telco in Vietnam.
CoderSchool, a Ho Chi Minh City, Vietnam-based online coding school startup, announced today $2.6 CoderSchool raised a seed round led by TRIVE Ventures in 2018. . In Vietnam, the demand for IT talent is dramatically increasing by 47% a year, while supply is only increasing by 8% year-on-year. “Coding is the future.
Retail investment apps in Southeast Asia attracted a lot of funding last year , and the trend looks set to continue with Vietnam-focused Infina announcing that it has added $4 million to its seed funding. Infina was part of Y Combinator’s Summer 2021 cohort and aspires to become the “Robinhood of Vietnam.” It launched in January 2021.
Vietnam has one of the fastest-growing e-commerce markets in Southeast Asia, but many major platforms still focus on large cities. The startup, which currently focuses on fresh groceries and plans to expand into more categories, announced today it has raised $1 million in seed funding. Indian social commerce Meesho valued at $2.1
A Manila-headquartered startup called CloudEats , which operates cloud kitchens across the Philippines and Vietnam, just raised a $7 million Series A extension led by Nordstar to accelerate the digitization of food service in Southeast Asia. . We are taking the best practices along with key learnings to our next market launch.” .
The company announced today it has raised more than $1 million in seed funding, which it claims is one of the largest seed rounds ever for a Vietnamese health tech startup. Lopez said advance doctor bookings aren’t the norm in Vietnam. Praava Health raises $10.6M The startup plans to expand into other countries.
Cross-border e-commerce platform Temu, a sister app to Chinas Pinduoduo, has been ordered to halt its operations in Vietnam, sources close to the company revealed on Thursday, according to a report from Chinese media outlet Yicai. Temu launched its Vietnam site in October. trillion ($1 billion). Yicai, in Chinese ]
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.
Dat Bike , a Vietnamese startup with ambitions to become the top electric motorbike company in Southeast Asia, has raised $2.6 Made in Vietnam with mostly domestic parts, Dat Bike’s selling point is its ability to compete with gas motorbikes in terms of pricing and performance. In 2018, he moved back to Vietnam and launched Dat Bike.
Viva Republica, the Seoul-based fintech company behind Toss , a super app with more than 40 financial services, announced today it has raised $410 million at a post-money valuation of $7.4 It will also use the funding to continue its expansion in overseas markets, including Vietnam, where Toss launched last year. million users.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
The startup’s goal is to create “small Silicon Valleys” across Vietnam, with educational centers that help prepare students of all ages for careers in tech. Today, the edtech announced that it has raised $15 million in Series B funding led by Kaizenvest, a private equity firm that focuses on the education space.
Loship , the Vietnamese on-demand e-commerce platform that started as a reviews app, announced today it has raised $12 million in pre-Series C funding, bringing its valuation to $100 million. The new round brings Loship’s total raised to $20 million. to connect farmers and F&B businesses in Vietnam. Kamereo gets $4.6M
If you’re in India, the Philippines, Russia or Vietnam, Amazon Prime and Gorillas are probably not that much use to you. 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.
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). Jeff currently claims more than 300,000 users in Vietnam. GajiGesa, a fintech startup serving underbanked Indonesian workers, raises $2.5 million seed round.
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. The new round of funding brings its total raised to $5.8 Wholesale marketplace Abound raises $22.9M.
In Southeast Asia, startups in this space that have raised funding over the past few months include Ajaib , Bibit and Stashaway —and that’s just a (very) partial list. Now Infina , which calls itself the “Robinhood of Vietnam,” is announcing an oversubscribed $2 million seed round. of people in Vietnam have invested in stocks.
Railsbank , the London-headquartered Banking-as-a-Service platform, has raised $37 million in new growth funding. It will also double down on existing markets such as the U.K./Europe. Asked what the upside of the Wirecard acquisition was, the Railsbank founder says it helps maintain an orderly market in the U.K.
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.
The company has now raised more than $80 million, and while it is not disclosing its valuation, PitchBook data notes that it is $715 million as of this round (which appears to have closed earlier in the year). Taptap Send has been steadily growing and adding more countries to its list of served markets.
Homebase , a Ho Chi Minh City-based proptech startup that helps people buy homes, announced today it has raised $30 million in equity and debt (the ratio was undisclosed). YC-backed Homebase is an alternative to traditional mortgages for home buyers in Vietnam. Right now in Vietnam, buying property is really painful.
This might not seem like enough to move significant amounts of product, but in many Southeast Asian markets, social commerce sellers are making up an increasingly large portion of e-commerce. In fact, according to a recent Bain report , social commerce accounted for 65% of Vietnam’s $22 billion online retail economy last year.
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. Global Goods Partners have partnered with over 60 artisan groups in more than 20 countries throughout Asia, Africa, and the Americas to help bring to market the fair trade, handcrafted products they produce.
This extension was led by automotive startup VinFast, a member of Vietnam’s Vingroup conglomerate, which itself is reportedly looking to raised $1 billion for VinFast. Karamba Security raises $2.5 ” Karamba Security’s XGuard. Pham Thuy Linh. million to keep hackers out of connected cars.
Kilo , a Vietnam-based B2B e-commerce platform that connects wholesalers with micro, small and medium enterprises (MSMEs), wants to digitize the local retail value chain via technology. “In The startup retained thousands of MSMEs in 24 provinces across Vietnam, Ryan Wilber, Kilo’s head of product and engineering said.
To finance the acquisition of its well-funded competitor, Kobiton raised a $14 million extension to its $5.2 Mobile Labs, which was founded in 2011, had raised about $15 million before the acquisition, according to Crunchbase. The last time it raised outside funding was in 2014. Kobiton CEO Kevin Lee. Image: Kobiton .
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?
Indonesia-based insurtech startup Fuse announced today it has secured $25 million of Series B extension round as it plans to enter more countries including Thailand and Vietnam in Southeast Asia. The startup has closed three funding rounds of Series B within the past six months, bringing the company’s total raised to over $70 million.
Food Market Hub co-founders Anthony See and Shayna Teh. Malaysia-based Food Market Hub is a cloud-based platform that connects food and beverage (F&B) outlets directly to suppliers, making it easier to communicate and manage orders. This brings Food Market Hub’s total funding to $4.7 million so far.
The startup announced today it has raised a $2 million seed round, co-led by SOSV and Vectr Ventures. Hong Kong-based viAct helps construction sites perform around-the-clock monitoring with an AI-based cloud platform that combines computer vision, edge devices and a mobile app.
Singapore-based Nektar.ai , a productivity platform for sales teams, has raised $2.15 Its seed round was led by Nexus Venture Partners, with participation from Insignia Venture Partners, Arka Venture Labs, Better Capital and Vietnam Investments Group. Demand Sage raises $3M to make sales and marketing data more accessible.
The startup, which will launch this month in Ho Chi Minh City, announced today it has raised a $3 million pre-seed round from Global Founders Capital (GFC), Sequoia Capital India, Venturra Discovery and Saison Capital. Before that, he served as Grab Vietnam’s head of GrabBike and GrabExpress. Rino’s grocery delivery app.
Proceeds benefit Animals Asia work to end bear bile farming and improving the welfare of animals in China and Vietnam. Global Goods Partners have partnered with over 60 artisan groups in more than 20 countries throughout Asia, Africa, and the Americas to help bring to market the fair trade, handcrafted products they produce.
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. Advanced rider assistance systems: Tech spawned by the politics of micromobility.
The commercial real estate brokerage market in South Korea is fragmented, which makes finding a new office for tenants a challenge due to inaccurate listing information, high brokerage fee and complex paperwork. The latest funding brings its total raised to approximately $95 million. This is a good time to start a proptech company.
The Parentinc , a Singapore-based startup that runs a parenting community and direct-to-consumer product line, announced today it has raised $22 million. TechCrunch last covered the company in 2019 when it raised its Series C. Roshni Mahtani Cheung, group CEO and founder of The Parentinc. launch by the end of this year.
Zenyum , a startup that wants to make cosmetic dentistry more affordable, announced today it has raised a $40 million Series B. This brings Zenyum’s total raised so far to $56 million, including a $13.6 ” Beam raises $80M as the dental insurer looks to keep up rapid historic growth.
The startup plans to use the Series C, which brings its total raised to $170 million to date, to expedite its global expansion, make acquisitions and increase its headcount, Charlie Sanghoon Shin, co-founder and CEO of Greenlabs, told TechCrunch. Indigo raises $250M, launches marketplace to help farmers get paid for quality grain.
To get more data for its latest Southeast Asia Tech Talent Compensation report, which covers startup hiring in Singapore, Indonesia and Vietnam, Monk’s Hill Ventures teamed up with Glints , one of its portfolio companies. Commercially in Southeast Asia, you can’t stay in a single market unless it’s maybe Indonesia,” said Yeo. “If
The company announced today that it has raised a $3 million Series A, led by Wavemaker Partners, Vietnamese investment bank Thien Viet Securities and an undisclosed United States-based investor. One example will be a program geared toward students who already have one or two years of experience working at software companies in Vietnam.
Singapore-headquartered esports startup Ampverse has raised $12 million in Series A funding led by Falcon Capital. The company says this is the largest Series A raised by an esports organization in Southeast Asia, based on data from PitchBook and other third-party platforms.
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. The market opportunity is there. ” It is also eyeing other markets.
In Vietnam, a startup called Azota wants to help with an online software platform that not only helps educators develop and proctor tests, but also automatically grades them using information from Vietnamese teaching materials. The company announced today it has raised $2.4 Azota’s creation came amidst the pandemic in 2021.
Glints , the Singapore-based career platform, announced today it has raised $22.5 The new capital will be used on Glints’ expansion in Singapore, Indonesia, Vietnam and Taiwan and hiring for its product and engineering teams. CakeResume, which wants to become Asia’s largest tech talent pool, raises $900,000 seed round.
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