Asean Tech Digest #35
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Hi technauts!
Letโs talk about: robotics ๐ฆพ, masks ๐คฟ and coffee โ
Just funded ๐ธ
๐ธ๐ฌ Bioplastics startup RWDC has raised a US$133m Series B from International SA, CPV/CAP Pensionskasse Coop, Flint Hills Resources, Vickers Venture Partners.
๐ฎ๐ฉ Coffee chain startup Kopi Kenangan has raised a US$109m Series B from Sequoia Capital, B Capital, Horizons Ventures, Verlinvest, Kunlun, Sofina, Alpha JWC Ventures.
๐ฎ๐ฉ E-commerce startup GudangAda has raised a US$25.4m Series A from Sequoia India, Alpha JWC, Wavemaker Partners.
๐ธ๐ฌ Biotech startup Hummingbird Bioscience has raised a US$25m Series B from K Holdings, SEEDS Capital, Heritas Capital.
๐ธ๐ฌ P2P lending platform startup Validus has raised a US$20m Series B+ from Vertex Growth, Kuok Groupโs Orion Fund, FMO, Openspace Ventures, AddVentures, VinaCapital Ventures.
๐ธ๐ฌ Cybersecurity startup Dathena has raised a US$12m Series A from Jungle Ventures, Caphorn Invest, SEEDS Capital, Cerracap Ventures, MS&AD Ventures.
๐ธ๐ฌ Sales SaaS platform startup LeadIQ has raised a US$10m Series A from Eight Roads Ventures, Tim Draper, Jason Calacanis.
๐ธ๐ฌ E-retailer startup IUIGA has raised a US$10m Series A from Konimex Technologies.
๐ธ๐ฌ Fintech startup Flow has raised a US$6m Series A from SCB10X, SIG Asia, Dymon Asia Ventures, DEG.
๐ฎ๐ฉ Fintech startup Cashlez has raised a US$5.8m in an IPO.
๐น๐ญ Payment Solution startup Digio has raised a US$4m Series B from PCC, Beacon Venture Capital, Growing Together 2.
๐ธ๐ฌ Quantum Computing startup Entropica Labs has raised a US$1.8m Seed from Elev8, Entrepreneur First, V1 Capital, TIS Inc, Lim Teck Lee Group, Wavemaker Partners, SGinnovate.
๐ต๐ญ Home Services startup GoodWork has raised a US$1.6m Seed from Kairos K50, Elysium Ventures, Chaac Ventures.
๐ธ๐ฌ Invoice SaaS startup FoodRazor has raised a US$0.9m Seed from Cocoon Capital, Found Ventures.
๐ธ๐ฌ The total amount raised โ and disclosed โ by Ninjavan for its Series D in Q1 โ20 is US$279m, from GeoPost, B Capital, Monkโs Hill Ventures, Carmenta, Golden Gate Ventures Growth Fund, Intouch Holding, and Grab.
๐ธ๐ฌ 12 startups of Block 71โs Smart Port Challenge 2019 have received US$35k in grant funding from the Maritime and Port Authority of Singapore.
Startups and downs ๐
๐น๐ญ Fintech startup J Fintech has been acquired (51%) by credit card company KB Kookmin Card (South Korea) for US$20.2m.
๐ฎ๐ฉ The story of Tiger Fang, founder of trucking startup Kargo.
๐ธ๐ฌ Lending startup Aspire has partnered with e-commerce company Lazada to offer up to US$70k in working capital loans to merchants, within 3 hours of application.
๐ฎ๐ฉ Hotel aggregator Airy Rooms has shut down.
๐ธ๐ฌ Fintech startup Revolut has hired new executives, including the former COO of insurtech Singapore Life as Asia CEO.
๐ป๐ณ E-commerce company Leflair has filed for bankruptcy.
๐ธ๐ฌ Robotics startup Sesto has launched HealthGuard, an autonomous mobile disinfectant robot.
๐ฒ๐พ Online used car selling platform Carsome will spend US$12.76m for its Carsome Dealer Alliance Support Programme, with rewards and credit lines for dealers and customers.
๐ Emerging Markets Property Group has acquired proptech startup Lamudiโs operations in Philippines, Indonesia, and Mexico.
๐ธ๐ฌ Robotics startup Boston Dynamics (US) has deployed its robots in Singaporeโs parks to monitor social distancing.
๐ป๐ณ Fitness startup WeFit has filed for bankruptcy.
The Unicorn Belt ๐ฆ
๐ Batch 3 of Grab Velocity is out.
Venture Capitalists ๐ข
๐ Cross-border VC fund Cathay Innovation has raised a US$550m fund II, out of which one third will be dedicated to American and SEA companies โ and another third to China.
๐ฎ๐ฉ MRT Jakarta, which operates the Jakarta subway, has launched a 6-month accelerator program.
๐ฒ๐พ The Malaysian Technology Development Corporation will invest US$2.3m and US$460k in equity crowdfunding and P2P financing through its partners pitchIN and Microleap.
๐ฎ๐ฉ Telkom Indonesiaโs MDI Ventures has appointed Donald Wihardja as CEO, formerly VC Partner at AC Ventures.
Corporates ๐จโ๐ผ
๐ธ๐ฌ Razer has set up 20 vending machines to give for free (?) 5 masksโฆafter you sign up for RazerPay.
๐ Facebook has partnered with startups Fave & StoreHub to provide improved lead generation to local businesses and gift cards to customers.
๐ฒ๐พ Conglomerate Sunway iLabs has launched an e-commerce program to digitize SMEs, with mentorship from players such as Alibaba, AirAsia.
๐ต๐ญ TV news broadcaster ABS-CBN, one of the most watched television stations in the Philippines, has been shut down by the government.
Smart Nations ๐๏ธ
๐ธ๐ฌ Goodbye TraceTogether, hello SafeEntry.
๐ธ๐ฌ MAS, the Singapore FinTech Association, AMTD Group and AMTD Foundation have announced a US$4.2m Solidarity Grant for fintech startups.
๐ฒ๐พ The Malaysian government has allocated US$23m for startup relief via Malaysia Debt Ventures.
Food for thought ๐
๐ Digitizing payments: is building a PoS software the right go-to-market?
๐ How Asia used technology to rapidly stop Covid.
๐ Please stop bullying autonomous vehicles.
The Fountainhead โฒ
China ๐จ๐ณ
โ The ingredients for a rebalance in financial power are here.
India ๐ฎ๐ณ
โ Food delivery startup Zomato has collected US$350k from 26k individuals for its Gold Fund to support restaurants and has cut 13% of its workforce.
โ How the state of Kerala is winning against Covid โ only 4 deaths to date, by initiating WHO protocols as early as end of January, a preparation mindset that came from the 2018 Nipah outbreak.
โ B2B e-commerce marketplace Moglix has expanded to the UK and set up operations in Europe.
โ Following Facebook, Silver Lake has invested US$747m in telco Jio Platforms.
Also ๐คซ
โ Zoom has beaten TikTok as most downloaded app globally in April โ in the non-gaming category.
โ Mount Everest has become 5G-enabled with Huawei.
โ Trying to understand why flat logs are here to stay.
โ โ โ โ โ
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