Asean Tech Digest #66
Your curated summary of ongoing disruption in Southeast Asian tech. Subscribe here to receive it by email 💌
Hey SEA fans,
Last 3 weeks, in the news:
🔥 Y Combinator S21 batch has 3x more SEA startups than last year
🦄 Matrixport becomes latest Singaporean crypto unicorn with US$100m Series D funding
📈 Bukalapak at US$6.47b market cap, -15% vs. IPO price
Just funded 💸
🇸🇬 Fintech startup M-DAQ has raised a US$147m Series D from Affinity Equity Partners — The Business Times
🇸🇬 Digital asset platform startup Matrixport has raised a US$100m Series C from DST Global, C Ventures, K3 Ventures, Qiming Venture Partners, CE Innovation Capital, IDG Capital, Tiger Global, Cachet Group, Palm Drive Capital, Foresight Ventures, A&T Capital, Lightspeed, Polychain, Dragonfly Capital, CMT Digital — AMB Crypto
🇸🇬 Crypto Exchange startup CoinDCX has raised a US$90m Series C from B Capital Group, Block.one, Coinbase Ventures, Jump Capital, Polychain Capital — Mint
🇮🇩 Agritech startup TaniHub has raised a US$65m Series B from MDI Ventures, Add Ventures, BRI Ventures, Flourish Ventures, Intudo Ventures, Openspace Ventures, Tenaya Capital, UOB Venture Management, Vertex Ventures, Telkomsel Mitra Inovasi — TechCrunch
🇮🇩 Crypto Exchange startup Pintu has raised a US$41m Series A+ from Alameda Ventures, Blockchain Ventures, Castle Island Ventures, Coinbase, Intudo Ventures, Lightspeed India Partners, Pantera Capital — TechCrunch
🇻🇳 E-commerce startup Tiki has raised a US$20m Series E from Taiwan Mobile — Taipei Times
🇸🇬 Logistics startup Parcel Perform has raised a US$20m financing round from Cambridge Capital, Investible, SoftBank Ventures Asia, Wavemaker Partners — TechCrunch
🇮🇩 P2P lending startup Alami has raised a US$17.5m financing round from EV Growth, Quona Capital — Tech in Asia
🇵🇭 Crypto Exchange startup PDAX has raised a US$12.5m financing round from BEENEXT Capital Management, Branding China Group, CMT Digital, Ripple Labs, UBX — Tech in Asia
🇻🇳 Logistics startup Loship has raised a US$12m Pre-Series C from BAce Capital, Sun Hung Kai & Co Limited, MetaPlanet Holdings, Wealth Well, Prism Ventures, SQ Capital Group — TechCrunch
🇸🇬 Collectibles startup Mighty Jaxx has raised a US$10m financing round from Tencent Holdings, KB Investment, Korea Investment Partners — Vulcan Post
🇮🇩 Insurtech startup Lifepal has raised a US$9m Series A from ATM Capital, Cathay Innovation, Hustle Fund, Insignia Venture Partners, ProBatus Capital — TechCrunch
🇸🇬 Proptech startup Ohmyhome has raised a US$8.6m Series A+ from Golden Equator Capital, Korea Investment Partners, Swettenham Blue, Vienna Management — TechNode Global
🇹🇭 Data Analytics startup Wisesight has raised a US$7m financing round from Krungsri Finnovate, Techmatrix — Tech in Asia
🇸🇬 Floating fish farm startup Singapore Aquaculture Technologies has raised a US$6.79m Series A from Siemens Project Ventures — SeaFoodSource
🇸🇬 Revenue-based financing startup Jenfi has raised a US$6.3m Series A from 8VC, Golden Equator Capital, Investment Capital Ukraine, Korea Investment Partners, Monk’s Hill Ventures, Taurus Ventures — TechCrunch
🇸🇬 Salestech startup Nektar.ai has raised a US$6m Seed from B Capital Group, 3One4 Capital, Nexus Venture Partners — TechCrunch
🇹🇭 Accounting software startup FlowAccount has raised a US$3.96m Series A from Money Forward, SBI Investment, Sequoia Capital India — Tech in Asia
🇮🇩 Logistics startup RaRa Delivery has raised a US$3.25m Seed from East Ventures, Surge — LinkedIn
🇸🇬 HRtech startup Panalyt has raised a US$3m Seed from D4v, Chiba Dojo, Headline Asia — Accelerating Asia
🇸🇬 Payment startup Wapi Pay has raised a US$2.2m Pre-Seed from EchoVC Partners, Future Hub, Gobi Ventures, Kepple Africa Ventures, MSA Capital, Transsion — TechCrunch
🇸🇬 Payment startup Durianpay has raised a US$2m financing round from AC Ventures, Ankit Jain, Ankiti Bose, Harshet Lunani, Joe Wadakethalakal, Kenanga Investment Bank, Reynold Wijaya, Sai Srinivas, Sequoia Capital India, Tanay Tayal — The Jakarta Post
🇵🇭 E-commerce startup Etaily has raised a US$1.6m Seed from Anthony Oundjian, Ayala, Foxmont Capital Partners, Magsaysay Transport & Logistics Group — Manila Standard
🇸🇬 Edtech startup Flying Cape has raised a US$1.5m Series A from EduSpaze, Startup-O — Singapore Business Review
🇸🇬 Cofee machine startup Morning has raised a US$1.27m Pre-Series A from Kwok Yang Bin, Royston Tay, The Lo & Behold Group, Wu Wenxiang, zVentures — LinkedIn
🇸🇬 NFT startup Niftsy has raised a US$1.18m Seed from Autonomy Capital, Cypher Ventures, Damo Labs, Lancer Capital, LD Capital, LucidBlue Ventures, Moonrock Capital, Nova Global, Waterdrip Capital, YBB foundation — Mena FN
🇸🇬 Mental wellness startup MindFi has raised a US$0.75m financing round from iGlobe Partners, Jeffrey Tiong, Lim Qing Ru, M Venture Partners — The Straits Times
🇸🇬 Plant-based meat startup Shandi has raised a US$0.7m Seed from Aurelia Ventures, Simmarpal Singh, SparkLabs Group, Tolaram Africa — Food Navigator Asia
🇲🇾 Constructiontech startup Homa2u has raised a US$0.57m financing round from Warisan Quantum Management — malaysiakini
🇸🇬 Edtech startup Neobael has raised a US$0.215m Pre-Seed from KPB Investments — Tech in Asia
🇸🇬 Plant-based food startup Mohjo has raised a Seed from East Ventures, iSeed SEA, K3 Ventures — e27
🇲🇾 Cryptocurrency social trading startup Torum has raised a Pre-Seed from Huobi Ventures — PR Newswire
Startups and downs 🚀
🌏 YC S21 batch is here — 15 SEA companies made it this time. Almost 3x YoY — Y Combinator
🇮🇩 Buy now pay later firm Finaccel (Kredivo) to list via SPAC at US$2.5b pro-forma equity valuation — TechNode Global
🌏 The Forbes Asia 100 To Watch list — 2021 is here — Forbes
🇸🇬 Cell-based red meat startup Gaia Foods has been acquired by Shiok Meats — Tech in Asia
🇲🇾 AirAsia’s Teleport has announced the acquisition of Delivereat for US$9.8m — TechNode Global
🇹🇭 Online platform for event creators Eventpop has been acquired by blockchain-powered fintech company Synqa Group — e27
🇵🇭 The top e-wallets in the Philippines — Xendit
🇲🇲 Fintech Wave Money has lost half of its app users since the turmoil and internet cuts in Myanmar started in February — KrASIA
🇻🇳 How Vietnam’s 4th Covid wave is challenging and transforming the country’s telehealth industry — KrASIA
🌏 Iterative VC Summer 2021 batch is here — LinkedIn
🇻🇳 The 8 new vietnamese startups of VSV Capital’s accelerator — e27
🇸🇬 AI startup Taiger has appointed former SAP APJ Pdt as COO — Bizpreneur Middle East
The Unicorn Belt 🦄
🇮🇩 Bukalapak stock went up 25% in the first day of it’s IPO, now at -15% vs. introduction price — The Low Down Momentum
🌏 Grab’s Q1 2021 results — SEC
🇻🇳 VNG is reportedly preparing its SPAC — TechNode Global
🇮🇩 Traveloka reportedly in talks for a US$5b SPAC — TechNode Global
🇮🇩 The organizational chart of GoTo, following the merger — The Low Down Momentum
🇻🇳 Takeaways from the story of Vietnam’s first unicorn VNG — The Next Billion
🌏 Vertex Ventures’ Grab investment memo — Vertex Holdings
🇮🇩 SheIn has exited Indonesia — The Low Down Momentum
Venture Capitalists 🎢
🌏 Softbank is doubling down on SEA investments — KrASIA
🌏 AppWorks’ 3rd fund reaches final close at US$150m — TechCrunch
🌏 SEA Venture Capital’s structural shifts — Insignia Business Review
🌏 The Sequoia Surge effect on valuations — TechCrunch
🇮🇳 Sequoia’s Pine Labs latest secondary reportedly yielded US$230m to the VC frim — Entrackr
🇸🇬 Enterprise Singapore aims for US$110m investments in deeptech — The Business Times
🇮🇳 Tips to apply to YC — LinkedIn
🌏 Antler has launched in South Korea — Tech in Asia
Corporates 👨💼
🌏 Sea Group’s revenue up 159% YoY in Q2, reaches US$2.3b — TechNode Global
🇮🇩 Xiaomi is the top selling Android smartphone brand in Indonesia as of Q2 2021, with 27% market share — KrASIA
🇻🇳 ShopeeFood’s launch in Vietnam — Tech in Asia
🌏 Delivery Hero launches global Sustainable Packaging Program to reduce plastic waste — Delivery Hero
Smart Nations 🏛️
🌏 What is the cost of setting up a business in SEA ? — LinkedIn
🇰🇭 Cambodia is the only country with a GDP per capita lower than US$10k globally and more than 50% of its population vaccinated — LinkedIn
🇸🇬 To some extent, Singapore is a successful startup story — LinkedIn
Food for thought 🍜
🇸🇬 What the future of coliving in Singapore may look like, as the model increasingly attracts Singaporeans — 99.co
🇮🇩 Will BNPL replace traditional credit services? — The Low Down Momentum
🌏 What a SEA MOOC unicorn could look like — Insignia Business Review
🇮🇩 Cloud kitchens are expected to represent a 15% share of the overall Indonesian online food delivery industry GMV by the end of 2021 — KrASIA
🇸🇬 The State of Crypto in 2021 in Singapore — Seedly
The Fountainhead ⛲
🇮🇳 A 60-year history of the Indian tech boom — A Junior VC
🇮🇳 The rise and fall of Paytm — Rest of World
🇮🇳 The US$ 44b spirituality market — KrASIA
🇨🇳 What it’s like to be a millennial in China, with no student debt — Insider
Also 🤫
🇸🇬 The Forbes 2021 Singapore Wealthy list is out — Forbes
🌏 In the e-commerce driven, pandemic hit world, delivery parcels are the new heroes — YouTube
🇸🇬 Dine-in is back in Singapore, but it was a close one — TikTok
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