Gojek and Tokopedia merge to form GoTo Group

Gojek and Tokopedia merge to form GoTo Group

Ride-hailing giant Gojek and marketplace Tokopedia, Indonesia’s two biggest startups, said on Monday they have combined their businesses to form GoTo Group, the largest technology group in the Southeast Asian nation, the fourth most populous country that is currently navigating to contain the economic fallout from the coronavirus pandemic. GoTo will be preparing for a […] …

Why SPACs aren’t targeting African startups

One. That&’s the number of African&tech companies that have actually gone public on&the NYSE in the last ten years. 2, if you’re counting local exchanges. The previous is African-focused e-commerce company Jumia and the latter is Egyptian fintech company Fawry. As a tech business, Fawry’s listing on the Egyptian Stock Exchange is a rarity. […]
Why SPACs aren’t targeting African start-ups …

Vietnamese flexible pay start-up Nano raises $3M seed round

Nano Technologies, a start-up that lets employees in Vietnam gain access to their earned incomes right away through an app called VUI, has raised $3 million in seed financing. The oversubscribed round was led by returning financiers Golden Gate Ventures and Venturra Discovery, and included involvement from FEBE Ventures, Openspace Ventures and Goodwater Capital….

Direct-to-consumer orthodontic startup Impress raises $50M to scale throughout Europe

Direct-to-consumer orthodontic startup Impress raises $50M to scale throughout Europe

As the well-known phrase goes, “software is eating the world” — and now software application is eating dentistry. Or, possibly more accurately, the arena of orthodontics– the specialty of dentistry that deals with things like braces– is gradually however surely being digitalized. To whit, Impress, a Southern European player in direct-to-consumer orthodontics, has raised […] , a Southern European player in direct-to-consumer orthodontics, has raised a$ 50 million Series A funding round led by CareCapital (a dental division of Hillhouse Capital in Asia ), along with Nickleby Capital, UNIQA Ventures and investors consisting of Michael Linse, Valentin Pitarque, Peter Schiff, Elliot Dornbusch and others. As things stand, most of the timeMany consumers can usually only access cosmetic generally alignment treatments or orthodontic positioning treatments in conventional clinics. Andreas Nemeth, handling partner of UNIQA Ventures GmbH commented: “Impress’s customer-centric focus, as well as its shown ability to blitzscale, attracted us to the business. — TechCrunch “src =”https://techcrunch.com/2020/12/06/3-views-on-the-future-of-the-funding-round-story/embed/#?secret=H3PFj1YEd0” data-secret=”H3PFj1YEd0″width =”800″height =”450 “frameborder =”0″marginwidth =”0″marginheight =”0 “scrolling =” no” — >

Serial fiction app Radish obtained by Kakao Home entertainment for $440M

Serial fiction app Radish obtained by Kakao Home entertainment for $440M

Serialized fiction app Radish will be obtained by Kakao Home entertainment in a transaction valued at $440 million. Kakao Home entertainment is owned by Kakao, the South Korean web giant whose services include its eponymous messaging platform. Radish founder Seungyoon Lee will keep his role as its chief executive officer, while likewise ending up being Kakao Home entertainment’s worldwide […] Kakao Entertainment is owned by Kakao, the South Korean web giant whose services include its eponymous messaging platform. Radish claims millions of users in North America, and the acquisition will be help Kakao Home entertainment expand its own webtoons and web unique service there, and in other English-speaking markets.

Aspire’s organization accounts reach $1B in annualized transaction volume one year after launching

Singapore-based Aspire, which wants to become the financial services “one-stop shop” for SMEs, announced that its business accounts have reached $1 billion in annualized transaction volume one year after launching. The company also unveiled Bill Pay, its latest feature that lets businesses manage and pay invoices by emailing them to Aspire’s AI-based digital assistant. Launched […] …

GajiGesa, a fintech focused on Indonesian employees, includes strategic investors and launches new app for micro-SMEs

GajiGesa, a fintech startup that provides earned wage access (EWA) and other services for workers in Indonesia, has added strategic investors to help it launch new services and expand its user base. Its new backers include OCBC NISP Ventura, the venture capital arm of one of Indonesia’s largest banks, and the founders of grab-and-go coffee […] …

Juul innovator’s Myst lands moneying as institutional financiers rely on China’s e cigarettes

Juul innovator’s Myst lands moneying as institutional financiers rely on China’s e cigarettes

Over the past several years, institutional investors had largely shied away from China’s e-cigarette makers, an industry that was bursting with substandard workshops and lacked regulative oversight. But investors’ mindset is altering as China sets in movement its strictest-ever regulation on electric cigarettes. Myst Labs, a Chinese e-cigarette maker co-founded in 2019 by Chenyue Xing, […] The other challenge is how to lower nicotine content. Most of Myst’s current sales are from China, where it has opened 600 stores and strategies to reach a footprint of 1,000 shops in the next couple of quarters. Vaping, he said, is one of the fastest-growing customer classifications in China.

SoftBank leads $15M round for China’s commercial robotic maker Youibot

SoftBank leads $15M round for China’s commercial robotic maker Youibot

SoftBank has actually picked its bet in China’s flourishing industrial robotics area. Youibot, a four-year-old startup that makes autonomous mobile robots for a range of circumstances, stated it has notched close to 100 million yuan ($15.47 million) in its latest financing round led by SoftBank Ventures Asia, the Seoul-based early-stage arm of the worldwide financial investment behemoth. […] Founded by a group of PhDs from China’s prominent Xi’an Jiaotong University, Youibot develops services for factory automation and logistics management, as well as evaluation and upkeep for various markets. Youibot’s”greatest suits”are in electronics manufacturing and electric power patrol, the business’s representative informed TechCrunch.

Una Brands releases with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

Una Brands releases with $40M to roll up brands on multiple Asia-Pacific e-commerce platforms

One of the biggest funding trends of the past year is companies that consolidate small e-commerce brands. Many of the most notable startups in the space, like Thrasio, Berlin Brands Group and Branded Group, focus on consolidating Amazon Marketplace sellers. But the e-commerce landscape is more fragmented in the Asia-Pacific region, where sellers use platforms […] …