Asean Tech Digest #60
Your curated summary of ongoing disruption in Southeast Asian tech. Subscribe here to receive it by email 💌
Hi SEA fans,
Last two weeks, in the news:
🌏 The Forbes 30 Under 30 Asia 2021, revealed
🌿 Razer launches US$50m Green Fund
💰 Asian VC funding doubles in Q1 2021 to US$48b YoY
Just funded 💸
🇮🇩 Healthtech startup Halodoc has raised a US$80m Series C from Astra, Temasek, UOB Venture Management, Singtel Innov8, Blibli, Allianz X, Openspace Ventures, Bangkok Bank, Novo Holdings, TMI — KrASIA
🇮🇩 Hyperlocal Social Commerce startup Super has raised a US$28m Series B from SoftBank Ventures Asia, Amasia, Insignia Ventures Partners, Y-Combinator Continuity Fund — TechCrunch
🇸🇬 Wealth management startup StashAway has raised a US$25m Series D from Sequoia Capital India, Eight Roads Ventures, Square Peg Capital — TechCrunch
🇵🇭 Payroll startup Uploan has raised a US$15m debt financing round from Lendable — e27
🇮🇩 Edtech startup CoLearn has raised a US$10m Series A from Alpha Wave Incubation, GSV Ventures, Surge, AC Ventures — TechCrunch
🇸🇬 Esports startup Dynasty has raised a US$5m financing round from Blue Star Capital — Vox Markets
🇻🇳 Pharma SaaS startup POC Pharma has raised a US$4.5m Seed from Picus Capital, Febe Ventures, FJ Labs, 500 Startups — Deal Street Asia
🇸🇬 Crypto copy-trading startup Alpha Impact has raised a US$3.1m financing round from LuneX Ventures, Genesis Block Ventures, Solidity Ventures, SMO Capital — Deal Street Asia
🇹🇭 E-commerce startup Mercular has raised a US$3m Series A from Kairous Capital, Cyber Agent, 500 Startups, N-Vest Venture, Premier Advisory Group — e27
🇮🇩 Consumer Research startup Populix has raised a US$1.2m pre-Series A from Intudo Ventures, Quest Ventures — TechCrunch
🇻🇳 Gaming startup Topebox has raised a US$1m financing round from Axia8 Ventures, Blockdream Ventures, Megala Ventures, Animoca Brands — e27
🇸🇬 Mortgage brokering startup Mortgage Master has raised a US$0.7m Pre-Series A from Woon Young Jeong — Taiwan News
🇸🇬 DeFi startup Launch X has raised a US$0.6m financing round from Ascensive Assets, AU21 Capital, DWeb3, Genblock Capital, Magnus Capital, Marshland Capital, Moonrock Capital, Moonwhale, Morningstar Ventures, Raptor Group, Valaren Ventures, Vendetta Capital, X21 Digital — Globe Newswire
🇸🇬 Customer retention startup Tada has raised a Series B1 from MDI Ventures, TMI, Finch Capital, Sovereign’s Capital — e27
🇸🇬 Solar Developer startup Sunseap has raised a Series E from Sumitomo Corp, Shikoku Electric Power Co Inc, Sumitomo Mitsui Finance and Leasing Co Ltd — Renewables Now
🇮🇩 Lifestyle startup Doogether has raised a Pre-Series A from AsianTrust Capital, Prasetia Dwidharma — Tech in Asia
🇵🇭 Esports startup Tier One Entertainment has raised a Pre-Series A from Gobi Ventures, Atlas Ventures, Kayac, Octava Family Office, Warner Music Group — Tech in Asia
🇸🇬 Sustainable Toilet Paper startup Bambooloo has raised a financing round from Razer — e27
Startups and downs 🚀
🌏 The Forbes 30 Under 30 Asia 2021 are here — Forbes
🇸🇬 Wealth management startup StashAway to buy back US$3m of shares from early employees — The Business Times
🇸🇬 Fancy a staycation in Singapore? Check Dayuse — LinkedIn
🇸🇬 Sustainable food startup Eat Just has partnered with Foodpanda to provide home delivery of cultured meat, a world’s first — Business Wire
🇵🇭 Digibank Tonik reaches P1b in deposits after its launch in March — BusinessMirror
🇮🇩 Interview of Dayu Dara Permata and Ahmed Aljuned, founders of property marketplace Pinhome — Insignia Business Review
🇸🇬 Cell-based fish manufacturing startup Avant Meats to set up R&D facility in Singapore — The Spoon
🇮🇩 Smart home startup Habitap has expanded to Indonesia — Tech in Asia
🇮🇩 Interview of Joseph Ananto, founder of autoparts supply chain startup Otoklix — Study International
🇮🇩 Insurtech Qoala has launched Personal Accident Insurance with COVID-19 Benefit Extensions on Traveloka — LinkedIn
🇸🇬 Fintech Fomo Pay has partnered with BNPL Atome — Tech in Asia
🇸🇬 Fintech startup Currencycloud (UK) has announced expansion to Singapore, targeting 50 FT by EoY 2022 — The Business Times
The Unicorn Belt 🦄
🇮🇩 Data breaches pose serious challenges to buy now pay later models — The Low Down Momentum
🌏 How Gojek uses LottieFiles’ animation technology — Lottie
Venture Capitalists 🎢
🌏 Impact of Covid on VC fundraising in SEA: 13 funds closed vs 34 in 2019, but average fund size increased; in Q3 2020, flat or down rounds reached almost 40% for startups — SVCA
🌏 Razer launches US$50m green fund — Razer Blog
🇸🇬 Play Ventures has entered into an agreement with Golden Gate to acquire a stake in LuneX Ventures — e27
Corporates 👨💼
🇲🇾 Microsoft has announced its first datacenter in Malaysia — Microsoft Blog
🇸🇬 Tuas Power and EDF (France) have partnered to launch EV charging infrastructure in Singapore — French Chamber of Commerce in Singapore
🇮🇩 DBS Bank, JPMorgan and Temasek have partnered to develop a blockchain payments platform — The Straits Times
Smart Nations 🏛️
🇹🇭 Thailand: An Emerging Regional Manufacturing Hub for electric vehicles — Upply
Food for thought 🍜
🇸🇬 The maritime industry represents 7% of Singapore’s GDP, full report — Inmarsat
🇸🇬 Market landscape of carsharing options in Singapore — Vulcan Post
🇮🇩 How to kick start your online K-pop merch e-commerce business — KrASIA
The Fountainhead ⛲
🇨🇳 TuSimple is the first autonomous trucking firm to IPO at US$8b valuation — Business Insider
🇮🇳 On-demand home service provider Urban Company has raised US$190m led by Prosus Ventures, becoming the country’s latest unicorn — KrASIA
🇮🇳 Ridehailing giant Ola has announced the creation of a 100,000 scooter charging network — KrASIA
🇨🇳 As part of the testing by the People’s Bank of China, JD has used digital yuan to pay employees — CNBC
🇨🇳 Meet Meituan’s new generation of autonomous delivery robots : 150kg load, 20kmh max speed — Pandaily
Subscribe here to receive it by email 💌
