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Asia Pacific Posts Large Fintech Fundraising Gains in 2019
The Asia Pacific region saw large fintech fundraising gains in 2019, offsetting the 3.7% drop globally, according to consulting firm Accenture.
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Hyperlocal Delivery Startup Dunzo Secures US$11M From Alteria Capital
Local venture debt fund Alteria Capital pumped in US$ 11 million into Dunzo, a hyperlocal delivery startup based out of India. The company plans to use the fresh capital to …
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Leon Foong, CEO of SOCAR Malaysia
SOCAR, Malaysia’s Car-Sharing Startup, Gets US$18m from S Korean Investors
SOCAR, a car-sharing platform headquartered in South Korea but operates primarily in Malaysia, has secured US$18m in Series A funding from Korean investors.
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Sieu Viet, Vietnam’s Online Recruitment Platform, Eyes Expansion After Raising US$34m
Vietnam’s online recruitment platform, Transcendental Human Resources JSC, known locally as Sieu Viet, has raised US$34 million from Singapore-headquartered private equity firm Affirma Capital to finance its expansion plans.
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SoftBank-backed AI Firm Eureka Raises $20m in Series B Round
Indonesia-based Eureka AI has raised US$20 million in its Series B funding round co-led by Apis Partners, Gobi Partners, and others.
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MoEngage Raises US$25M In Series C Round Led By Eight Roads Ventures
MoEngage, a B2B startup that primarily focuses on the customer engagement space, raised US$25 million in series C round led by Eight Roads Ventures with participation from its US-based sister …
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India’s First Cannabis Based Healthcare Startup HempStreet Raises US$1M In Pre-Series A
India-based healthcare startup, HempStreet that uses Cannabis (Bhang) for Ayurvedic medicines, has received US$1 million in pre-series A funding round. This round was led by Pharmacom Holdings, a US-based pharma …
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Foodmandu, Nepal’s Largest Food Delivery Platform, Raises Fresh Funds
Nepal’s largest food delivery platform, Foodmandu, is expanding to more areas in the country after raising fresh yet undisclosed amount of funding from local private investment fund Team Ventures.
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Indian Tea Cafe Chain Startup Chaayos Bags US$21.5M From Think Investments Others
New Delhi, India based tea café chain, Chaayos recently secured funding of US$21.5M in equity and debt financing. Out of US$21.5 million, US$18.5M equity round was led by San Fransisco …
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EdTech Unicorn BYJU’S Raises US$200M From General Atlantic
Online Ed-Tech startup, BYJU’S recently confirmed that it received undisclosed funding from its existing investor, General Atlantic. However, sources have confirmed that the amount pumped in by General Atlantic is …
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Korea’s Spoon Radio Targets US$100m Revenue in 2020
Spoon Radio, a personal audio platform backed by SoftBank Ventures Asia and KB Investment, is targeting to breakeven this year with a forecast revenue of US$100 million.
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GrabWheels, Grab’s Mobility Arm, Raises $30m from Taiwan’s Kymco
GrabWheels, the new mobility arm of Singapore-headquartered ride-hailing giant Grab, announced raising US$30 million in fresh funding from Kymco, Taiwan’s electric vehicle leader.
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AsiaTechDaily Exclusive Coverage – How is Coronavirus Affecting The Global Economy And Businesses?
The novel Coronavirus rampaging across China could have a damaging effect on the Global Economy and Businesses. To date, the virus has infected approximately 40000 people and killed over 1000 …
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Korean FinTech Startup CONCAT- Making Insurance Smarter!
The new accounting standards, diversification of sales channels, and constant deterioration of profitability have led to a fundamental transformation of the insurance industry. Keeping this in mind, CONCAT, a South …
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How Gabriel Glynn CEO Of MākuSafe Developed A Technology That Identifies Risk To Labor Workers?
Gabriel’s startup journey began over a decade ago, and in that time, he has experienced several successful exits. Today, Gabriel Glynn is the Co-Founder and CEO of MākuSafe™. The company …
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Singapore Telco Circles.Life Eyes Expansion After Warburg Pincus Investment
Singapore telco Circles.Life is accelerating its growth and expansion into new markets after an investment from Warburg Pincus.
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