by RJ Shara | Jul 27, 2021 | Fundings and Exit, Startups
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!…
by RJ Shara | Jun 15, 2021 | Fundings and Exit, Startups
Carro, among the biggest vehicle marketplaces in Southeast Asia, announced it has actually struck unicorn evaluation after raising a $360 million Series C led by SoftBank Vision Fund 2. Other participants consist of insurance giant MSIG and Indonesian-based funds like EV Development, Provident Growth and Indies Capital. About 90% of vehicles sold through Carro are pre-owned, […] The COVID-19 pandemic helped Carro’s business since individuals desired their own automobiles to avoid public transport and became more receptive to going shopping for cars and trucks online. Carro identifies costs by using machine-learning designs that look at details about an automobile, including its model, make and mileage, and data from Carro’s deals as well as market information (for example, how much of a particular automobile is currently readily available for sale). As soon as a consumer decides to purchase a car, they can choose to use for loans and insurance through Carro’s fintech platform. Carro is likewise expanding its after-sale services, including Carro Care, in all 4 of its markets. 
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by RJ Shara | Mar 22, 2021 | Fundings and Exit
M Capital Management, a Singapore-based equity capital firm, announced today it has actually closed its debut fund, M Endeavor Partners (MVP), totaling $30.85 million USD. It prepares to invest in 40 early-stage startups, mostly seed and pre-Series A, with an average preliminary check size of about $500,000. M Capital Management was founded by Mayank Parekh, whose […] M Capital Management was established by Mayank Parekh, whose investment experience consists of introducing Grange Partners and management positions at Southern Capital Group and McKinsey & Company, and Joachim Ackermann, previous managing director of Google Asia Pacific. Parekh told TechCrunch that M Capital Management was launched since “we think that the early-stage investing area in our area has considerable space for growth. “We need a fertile ground for our selected startups to launch their business models with leading business or company partners,” said Parekh. 
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by RJ Shara | Jan 12, 2021 | Fundings and Exit, Startups
Zipmex, a digital possessions exchange headquartered in Singapore, revealed today it has actually raised $6 million in funding led by Dive Capital. The startup, which prepares to become a digital properties bank, says the round surpassed its preliminary target of $4 million. Together with earlier funding, it brings the total Zipmex has raised up until now to […] , a digital assets exchange headquartered in Singapore, announced today it has raised$ 6 million in funding led by Jump Capital. The start-up, which plans to become a digital properties bank, says the round exceeded its preliminary target of $4 million. …
by RJ Shara | Dec 8, 2020 | Startups
Carsome, which costs itself as Southeast Asia’s biggest e-commerce platform for used cars and trucks, announced it has actually closed a $30 million Series D. The financing was led by Asia Partners, with participation from returning financiers Burda Principal Investments and Ondine Capital. The start-up described this as one of the largest “all-equity fundings to date in Southeast […] , which bills itself as Southeast Asia’s biggest e-commerce platform for used vehicles, revealed it has actually closed a$30 million Series D. …
by RJ Shara | Oct 12, 2020 | Startups
Flash Express, a two-year-old logistics start-up that works with e-commerce firms in Thailand, stated on Monday it has raised $200 million in a new financing round as it looks to double down on a quickly growing market stimulated by need due to the coronavirus pandemic. The financing, a Series D, was led by PTT Oil […] Flash Express had about 1,100 shipment points during this time last year. Flash Express currently provides more than 1 million parcels a day, up from about 50,000 during the exact same time last year. Komsan Lee, CEO of Flash Express, said the start-up plans to release the fresh funds to expand and introduce new services to other Southeast Asian markets (names of which he did not determine). …
by RJ Shara | Sep 7, 2020 | Fundings and Exit, Startups
Based in Bangkok, Freshket streamlines the procedure of getting fresh produce from farms to tables. Introduced in 2017, the startup has actually now raised a$3 million Series A, led by Openspace Ventures. Other individuals consisted of Thai personal equity firm ECG-Research; Innospace; and Pamitra Wineka and Ivan Sustiawan, the co-founders of Indonesian agriculture innovation start-up TaniHub. […]
French-Singaporean food corporation Denis Asia Pacific and Thai family workplace Seedersclub, who made previous financial investments in Freshket, likewise returned for the Series A. Freshket’s innovation consists of an e-commerce market that links farmers and food processors to services, like restaurants, and consumers in Thailand. The start-up was co-founded by chief executive Ponglada Paniangwet and primary marketing officer Tuangploi Chiwalaksanangkoon, who each worked in marketing prior to releasing Freshket three years ago. Freshket’s objective is to end up being” an enabler for the whole food supply chain, “she included. Freshket’s main competitors in the B2B space are traditional supply chain organizations; in the consumer space, it is up versus consist of grocery shipment start-ups. Freshket is among several startups in Southeast Asia markets focused on simplifying the food supply chain in various nations….
by RJ Shara | Sep 2, 2020 | Fundings and Exit, Startups
PasarPolis, the Indonesian-based start-up focused on making insurance coverage more accessible in Southeast Asia, revealed today it has closed a Series B round totaling $54 million. Financiers consist of LeapFrog Investments and SBI Investment, both firms that concentrate on monetary services; AlphaJWC; Intudo Ventures; and Xiaomi. Gojek’s equity capital arm, Go-Ventures, which took part in PasarPolis’ Series […] In 2019, the company says PasarPolis issued more than 650 million policies to individuals buying insurance coverage for the first time, consisting of ride-hailing motorists, shipment couriers, and online merchants. Sales continued to grow during the COVID-19 pandemic because it increased demand for insurance coverage, while likewise prompting people to make more purchases online (most of PasarPolis’ policies are offered through its mobile apps). Soft-launched in May 2020, PasarPolis allows people to use to end up being Mitra, or insurance coverage agents, for the company. Kumar included that even though innovation plays a “essential role” in making insurance coverage products available to more people, PasarPolis does not “see digital as simply a medium to sell insurance coverage. …
by RJ Shara | Jul 28, 2020 | Startups
Indonesia-based online travel website, Traveloka, has gotten$250M in fresh funding to beef up its coronavirus-battered balance sheet. The travel aggregator dubs the capital injection a”strong vote of confidence “in its strategy to get used to what it couches as a ‘ brand-new regular’for travel by retooling its concentrate on domestic and short hop […]
The travel aggregator calls the capital injection a”strong vote of confidence “in its technique to change to what it couches as a’brand-new typical’for travel by retooling its focus on short and domestic hop expeditions and activities. Traveloka also says”some”existing financiers likewise took part(EV Growth being one it has actually named ). Prior to this most current raise, Traveloka had actually pulled in around $950M throughout five financing rounds because being founded back in 2012, according to Crunchbase. Commenting in a statement, Ferry Unardi, Traveloka co-founder and CEO, stated: “Without a doubt, Traveloka has been profoundly affected by the COVID-19 pandemic. …
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