Indonesia-based grocery app HappyFresh gains $65M led by Naver Financial and Gafina

Indonesia-based grocery app HappyFresh gains $65M led by Naver Financial and Gafina

HappyFresh, the on-demand grocery app based in Indonesia, announced today it has raised a $65 million Series D. The round was led by Naver Financial Corporation and Gafina B.V., with involvement from STIC, POUND and Mirae Asset Indonesia and Singapore. It also consisted of returning investors Mirae-Asset Naver Asia Growth Fund and Z Equity Capital. The […] , the on-demand grocery app based in Indonesia, announced today it has actually raised a $65 million Series D. Established in 2014, HappyFresh was the very first Instacart-style grocery delivery service to release in Southeast Asia. In a press release, HappyFresh said stated”has been experiencing an unprecedented unmatched Developmentover the past Previous months as customers clients to grocery deliveries during throughout pandemic, with traffic growing by 10x to 20x in its three 3Nations < iframe class="wp-embedded-content" sandbox="allow-scripts" security="limited" title =" "What grocery start-up Weee!…

Indonesian B2B marketplace GudangAda raises more than $100M in brand-new financing

Indonesian B2B marketplace GudangAda raises more than $100M in brand-new financing

GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, revealed it has actually closed a Series B of more than$100 million. The business says the round was oversubscribed, passing its initial target of$75 million. The financing was led by Asia Partners and Falcon Edge, with involvement
from Sequoia Capital […]
Stevensang said Stated focuses on several a number of to make buying purchasing stock simpler SMEs. To keep logistics expenses down, GudangAda partners with third-party car and warehouse suppliers to develop its coverage throughout Indonesia. GudangAda also partners with banks to provide operating capital for SMEs, enabling them to use for loans utilizing their data on the platform. In a statement, Falcon Edge co-founder Navroz D. Udwadia stated, “GudangAda is definitively the biggest SME e-commerce marketplace in Indonesia with best-in-class metrics.

Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Development Fund

Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Development Fund

When Aruna’s creators first fulfilled at university, they wished to find a way to utilize their research studies in infotech to help relative who were running little fisheries. Indonesia is one of the world’s biggest fisheries producers, but the market is extremely fragmented. This means fisheries, particularly little ones, deal with changes in demand […] Purchasers make purchase orders through the platform, which are then dispersed to fishery communities that Aruna arranges to focus on specific types of seafood. Aruna likewise developed a logistics network that consists of more than 45 collection websites, or warehouses where seafood is delivered by fisheries for quality checks, processing and packaging. One of Aruna’s primary requirements for fisheries on the platform is sticking to its sustainability process. To help fisheries get low interest, collateral-free loans for devices and other things they need for their companies, Aruna partners with monetary institutions and fintech companies.

Work Hero gets $140M AUD Series E led by Insight Partners, grows appraisal to $800M AUD

Work Hero gets $140M AUD Series E led by Insight Partners, grows appraisal to $800M AUD

Four months after revealing its last round, Employment Hero has closed another $140 million AUD (about $103 million USD) in funding. The Series E was led by Insight Partners, the equity capital company known for its ScaleUp program to help tech business accelerate their development. Work Hero is an automatic human resources, payroll and benefits […] “We constantly believed Insight Partners would be a fantastic partner,”Thompson informed TechCrunch. To localize the platform, Employment Hero starts with employment agreements, policies, leave guidelines and pay rules.

Singapore-based Tinvio raises $12M Series A to build monetary services for supply chain merchants

Singapore-based Tinvio raises $12M Series A to build monetary services for supply chain merchants

Very first created to give supply chain merchants a streamlined method to interact with buyers, Tinvio is now preparing to launch financial services, consisting of funding and credit card providing. The Singapore-based startup announced today it has raised a $12 million Series A to develop out its B2B deals platform. The round was led by AppWorks Ventures, […] Considering that its seed financing, Tinvio states its client base has actually increased four times to over 5,000 organizations in Singapore, Indonesia, Thailand and other Asian markets. Southeast Asian F&B provider QQ Group onboarded all of its merchants onto Tinvio and now uses the platform for all trade orders. Tinvio supports payments through credit cards, direct debits and automated bank transfers, and is integrated with local payment entrances. In a declaration, AppWorks Ventures handling partner Jessica Liu stated, “Tinvio’s focus on modernizing B2B trade with a smooth user experience has actually seen it onboard and digitalize thousands of merchant and supplier teams without disrupting their daily routines or procurement workflows.

Easy Consume AI raises $5M to help Southeast Asian dining establishments digitize their operations

Easy Consume AI raises $5M to help Southeast Asian dining establishments digitize their operations

Easy Eat AI, a Singapore-based startup that wishes to “change restaurants into innovation companies,” revealed today it has actually raised $ 5 million in financing. Easy Consume AI uses an operating system for dining establishments that lets them digitize all parts of their business, from stock and customer orders to delivery, and gain AI-based information analytics to improve […] Founded in 2019 by Mohd Wassem, Rhythm Gupta and Abdul Khalid, Easy Consume AI presently has operations in Malaysia, and plans to expand into other Southeast Asian markets. Wassem told TechCrunch that Easy Consume AI was produced because even though Southeast Asia “is a food paradise, everybody eats out, consuming out is a culture here,” the dining establishment industry is still one of the least innovative digitally. Easy Consume AI’s platform helps restaurants create that digital connection with their clients. Easy Eat AI’s consumer user interface is based on QR code buying– consumers scan the code with their smart device and are taken straight to the dining establishment’s menu online.

YC-backed Deskimo, an on-demand coworking area app, launches in Singapore and Hong Kong

YC-backed Deskimo, an on-demand coworking area app, launches in Singapore and Hong Kong

Part of Y Combinator’s present batch, Deskimo wants to make finding coworking spaces easier. Its on-demand booking app is currently available in Singapore and Hong Kong, with strategies to enter more markets after Demo Day. Its founders are previous Rocket Internet executives who state that their primary competition aren’t spaces like WeWork or other hot […] Deskimo now has about 50 homes in Singapore and 40 in Hong Kong, and wants to expand in both residential and organization districts, since many remote employees choose to discover an area close to their houses. The first are office areas that are currently set up for coworking and see Deskimo as an extra distribution channel. The Deskimo app creates a QR code that employees use to get access to one of its spaces, and they likewise scan it when checking out to record how long they were there. In Deskimo’s existing markets, other on-demand coworking space apps consist of Change, Flydesk, WorkBuddy and Booqed. …

Next Gen Foods to introduce its plant-based chicken in the U.S. after raising a $20M seed extension from investors like GGV

Next Gen Foods to introduce its plant-based chicken in the U.S. after raising a $20M seed extension from investors like GGV

Singapore-based Next Gen Foods will bring its plant-based chicken alternative to the United States after raising a$20 million seed extension. Investors included GGV Capital, farming and food tech-focused Bits x Bites, food and beverage company Yeo Hiap Seng, entrepreneur and”Blitzscaling “author Chris Yeh and English footballer Dele Alli. Returning investors consist of Temasek, which […]
Over the next 12 months, Next Gen will take a similar approach as it enters the U.S., working with food services in cities to develop TiNDLE dishes for their menus. To replicate chicken meat’s texture, Next Gen uses an exclusive mix of plant-based fats, consisting of sunflower oils, and natural tastes. He added that TiNDLE is GMO and cholesterol-free, and Next Gen has an asset-light company design that will make it much easier to scale into new markets. Before launching Next Gen, Recker established German-based LikeMeat, while Menezes worked at one of the world’s largest poultry exporters prior to serving as general supervisor of Singapore food supplier Nation Foods. …

Investment app Syfe raises $30M Series B led by returning financier Valar Ventures

Investment app Syfe raises $30M Series B led by returning financier Valar Ventures

Financial investment apps in Southeast Asia are bring in a great deal of funding, and now some are raising fast follow-on rounds, too. For instance, Indonesian robo-advisor app Bibit raised $65 million in Might simply four months after a $30 million development round. Now Singapore-based Syfe is announcing that it has closed a $30 million Series B, only […] The newest round’s lead investor is Valar Ventures, which likewise led Syfe’s Series A, marking the fintech-focused venture capital company’s very first investment in an Asian start-up. About 50 % to 70 % of brand-new users each month come through recommendations from existing clients, which keeps Syfe’s acquisition costs incredibly low, Arora says. While lots of financial investment apps focus on millennial users, Syfe’s target market is broader. Syfe has a team of financial advisors for users who desire person-to-person assessments, but Arora says most of Syfe’s investors rely completely on its app to decide how to invest.