Cashify raises $15 million for its second-hand mobile phone company in India

Cashify raises $15 million for its second-hand mobile phone company in India

Tens of millions of individuals each year purchase a second-hand mobile phone in India, the world’s second-largest market. Phone makers and huge online sellers such as Amazon and Flipkart understand it, however it’s excessive of a trouble for them to inspect, resell and fix used phones. But these firms likewise know that clients [ …] A startup that is helping these firms tackle this challenge said on Thursday it has raised $15 million in a new financing round. Cashify states it’s the market leader in its classification in India. The start-up likewise works with leading e-commerce companies in India– Amazon, Flipkart and Paytm Shopping Center. The companies use Cashify’s trading and exchange software application, and also rely on the startup for liquidation of gadgets. …

Indonesian supply chain start-up Advotics raises $2.75 M led by East Ventures

Indonesian supply chain start-up Advotics raises $2.75 M led by East Ventures

The fast development of e-commerce in Indonesia, particularly throughout the pandemic, is putting increasing needs on its supply chain infrastructure. But the nation ‘s logistics industry is highly fragmented, with business typically depending on several service providers for one delivery, and numerous warehouses are still focused around major cities. Advotics wants to help with software to make […]
The country’s logistics market is highly fragmented, with companies typically relying on multiple service providers for one shipment, and numerous warehouses are still concentrated around major cities. They utilize a supply chain with 15 million little to mid-sized distributors and about 288,000 big distribution companies. To assist make logistics more efficient for its customers, Advotics provides SaaS options to keep an eye on almost their entire supply and logistics chain, from warehouse inventory to creating shipment paths for drivers. Advotics is amongst numerous tech startups that are taking various approaches to deal with Indonesia’s logistics infrastructure….

Sequoia Capital India’s Rise invests $2M in sales engagement platform Outplay

Sequoia Capital India’s Rise invests $2M in sales engagement platform Outplay

Sales engagement platforms (SEP) help sales teams automate and track the a great deal of jobs they require to do every day as they get in touch with leads and focus on potential offers. Focused on small-to-medium-sized business, SEP startup Outplay revealed today it has raised $2 million from Sequoia Capital India’s Surge program for early-stage start-ups. Beat […] Outplay is created for teams that use numerous channels to reach possible consumers, consisting of phone calls, text messages, email, live chats on sites, and social media platforms like LinkedIn or Twitter. Outplay can be utilized develop sequences that send initial messages through different platforms, and then immediately follows up with new messages if there isn’t a reply within a pre-set time frame. Focused on small-to-medium-sized companies, SEP start-up Outplay announced today it has raised $2 million from Sequoia Capital India’s Surge program for early-stage start-ups….

Coupang might raise up to $3.6 billion in its IPO, at a potential evaluation of $51 billion

Coupang might raise up to $3.6 billion in its IPO, at a potential evaluation of $51 billion

According to a changed S-1 filing, South Korean e-commerce leader Coupang expects to price its initial public offering in between$27 to$30 per share , potentially raising approximately$3.6 billion. After the IPO, Coupang will have a total of 1.7 billion shares exceptional, consisting of Class A and Class B. This implies the implies the pricing […]
This implies the indicates the pricing would offer Coupang a potential market capitalization in between$46 billion to $51 billion, a substantial boost over the $9 billion valuation it reached after its last funding round in 2018, led by SoftBank Vision Fund. …

Apple alum’s jobs app for India’s employees raises $12.5 million

Apple alum’s jobs app for India’s employees raises $12.5 million

A startup by an Apple alum that has become house to countless low-skilled workers in India said on Tuesday it has raised an additional $12.5 million, just five months after protecting $8 million from high-profile financiers. One-year-old Apna said Sequoia Capital India and Greenoaks Capital led the $12.5 million investment in the start-up. Existing […] More than 6 million low-skilled employees such as motorists, delivery personnel, electricians and beauticians have actually signed up with Apna to find jobs and upskill themselves. Throughout this duration, there have actually been 60 million interactions between recruiters and potential candidates, he stated. As is the case elsewhere, millions of people lost their income in India in the previous year as coronavirus shut lots of companies and employees moved to their homes. …

Australia-based Employment Hero raises $45M AUD for its international expansion

Australia-based Employment Hero raises $45M AUD for its international expansion

Businesses, and the tech platforms that support their operations, needed to adjust rapidly to the pandemic. Ben Thompson, co-founder and chief executive officer of personnels platform Work Hero told TechCrunch that “COVID-19 sped up the adoption of work management software by roughly five years,” as groups adapted to remote work. The Sydney, Australia-based business announced […] Employment Hero is designed for small-to-medium sized businesses, and integrates human resources, payroll and advantages features. Employment Hero doubled the number of its full-time staff members to 200 last year, and released variations in New Zealand, the UK, Malaysia and Singapore. Localized variations of Work Hero include pre-built work agreements and policies that comply with local laws. During the very first week of Australia’s across the country lockdown, Employment Hero launched a COVID-19 resource center, including tools for the federal government’s JobKeeper payment plan and staff member wellness surveys. Ben Thompson, co-founder and chief executive officer of human resources platform Employment Hero told TechCrunch that “COVID-19 sped up the adoption of work management software application by approximately five years,” as groups adjusted to remote work….

Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce

Singapore-based Raena gets $9M Series A for its pivot to skincare and beauty-focused social commerce

Raena was established in 2019 to produce personal care brand names with top social networks influencers. After a number of launches, however, the Singapore-based start-up saw an intriguing pattern: consumers were buying batches of items from Raena each week and reselling them on social networks and e-commerce platforms like Shopee and Tokopedia. In 2015, the company decided to […] Singapore-based Raena gets $9M Series A for its pivot to skin care and beauty-focused social commerce …

Previous leading Paytm exec is constructing his own financial services startup

Previous leading Paytm exec is constructing his own financial services startup

The executive who constructed the monetary services store for Paytm, India’s many important start-up, is all set to do something similar all over again. Pravin Jadhav, the previous chief executive of Paytm Cash, revealed on Thursday his own startup, Raise Financial Solutions. This time, Jadhav — — under whose leadership Paytm had actually generated more than 6 million […] In an interview with TechCrunch, Jadhav said Raise Financial Solutions is aimed at clients living in city, tier 1 and tier 2 cities (so really much in and around urban cities). Pravin Jadhav, left, positions with Paytm creator and CEO Vijay Shekhar Sharma. He said his brand-new startup will provide items across financial services consisting of investing, funding, insurance, wealth and payments. …

James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

James Murdoch’s Lupa Systems leads $31 million investment in India’s Doubtnut

Doubtnut, an Indian start-up that helps students find out and master concepts from math and science using brief videos, has raised$31 million in a new funding round, months after it declined an acquisition offer from India’s biggest edtech company, Byju’s. The three-year-old Gurgaon-headquartered start-up stated SIG and James Murdoch’s LupaSystems led the$31 million […]
Existing investors Sequoia Capital India, Omidyar Network India and Waterbridge Ventures also got involved in the round, which brings the startup’s to-date raise to about$50 million. The app supports several languages, and has generated more than 2.5 million daily active users who invest 600 million minutes a month on the app, the start-up stated. The startup stated it has developed a bank of more than 65 million questions in 9 languages for students from 6th grade to high school. …

Rainmaking launches Movement Ventures to increase development in the maritime industry

Rainmaking launches Movement Ventures to increase development in the maritime industry

A new fund has actually introduced, with support from the Singaporean government, to support tech innovation for the maritime industry. Called Movement Ventures, it is targeting $30 million SGD (about $22.8 million USD) and has completed its first close, with Wilhelmsen, among the world’s largest maritime networks, and logistics company HHLA as anchor investors. Movement […] In addition to capital, Motion Ventures plans to partner start-ups with well-established maritime firms like Wilhelmsen to assist them advertise and incorporate their technology into supply chains. …