Sunday, August 9, 2020

Southeast Asia

Synqa Holdings bags US$80 million in Series C funding

Fintech startup SYNQA (previously known as Omise Holdings) has recently announced that it has closed its Series C funding round and bagged fresh equity amounting to US$80 million. The round was led by SCB 10X (the venture...

Fintech startup, iLex, closes seed funding round to digitally enhance the corporate loan market

Though its entry into the startup arena is nascent having just been established last year, iLex has gone on to secure key investors from across the globe namely France, Hong Kong, Singapore, and the US in the...

Logistics startup, Shipper, raises Series A funding

Logistics startup, Shipper, announced recently that it has raised an undisclosed amount in Series A funding. The round was led by Prosus Ventures (formerly known as Naspers Ventures) with participation from existing investors Lightspeed, Floodgate, Y Combinator,...

Bringing karaoke to the cloud, Popsical bags US$5 million in funding

Cloud-based karaoke enterprise, Popsical, has recently obtained US$5 million in Series A funding in a round led by venture capitalist Quest Ventures. The round also saw participation from SEEDS Capital (the investment unit of Enterprise Singapore).

Gaze raises US$830,000 in seed equity

In a seed financing round, AI-driven startup, Gaze, recently announced that it had secured US$830,000 in equity from venture capitalist Anchorless Bangladesh, and from a current angel investor, Mohammad Maaz. Co-founded in 2018 by...

Furniture e-tailer Fabelio secures US$9 million in Series C1 equity

Online furniture retailer, Fabelio, has announced that it has raised US$9 million in a Series C financing round which is still underway- boosting its total equity to US$20 million. The round was led by venture capitalists Appworks,...

Latest cost-saving measures by Grab will see 5% of its workforce being laid off

In an announcement addressed to Grab employees posted yesterday (16th June), Grab's CEO and Co-Founder shared that they will be letting go of approximately 5% of its employees. The news comes fresh after a...

Beenext raises US$160 million in investment funds for startups in Southeast Asia, India, and Japan

Venture capital (VC) firm Beenext recently announced on their website that they have secured a total of US$160 million in two separate funds that will be used to invest in startups in the Southeast Asian region, India...

Curlec secures funding from 500 Startups

In an announcement posted on their official website, fintech startup Curlec shared that they had secured new funding from 500 Startups albeit at an undisclosed amount. The startup provides services that simplify how businesses...

Tonik raises US$21 million and looks to launch in the Philippines this year

Neobank startup, Tonik Financial (tonik), announced on its website that is has raised US$21 million in a Series A financing round led by Sequoia India and Point72 Ventures. The round also saw considerable participation from Insignia Venture...
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