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Indonesia’s BukuKas Raises US$9M in Pre-Series A Funding

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BukuKas has hit several milestones in just eight months since its launch Indonesia-based BukuKas, a financial management app for micro, small and medium enterprises (MSMEs), has raised US$9 million in its pre-Series A funding round, the company announced in a statement today. The round was raised from Sequoia Capital India’s Surge, a scale-up program for […]

Indonesia’s BukuKas Raises US$9M in Pre-Series A Funding Read More »

BukuKas has hit several milestones in just eight months since its launch Indonesia-based BukuKas, a financial management app for micro, small and medium enterprises (MSMEs), has raised US$9 million in its pre-Series A funding round, the company announced in a statement today. The round was raised from Sequoia Capital India’s Surge, a scale-up program for

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Lightspeed India Raises US$275 million For ‘Lightspeed India Partners III’

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The venture capital firm has raised the fund with commitment from global institutional LPs  Lightspeed India Partners announced the close of its third investment fund for early, seed, and Series A investments, ‘Lightspeed India Partners III,’ after raising US$275 million in committed capital from Limited Partnerships (LPs), the company announced in a press release dated

Lightspeed India Raises US$275 million For ‘Lightspeed India Partners III’ Read More »

The venture capital firm has raised the fund with commitment from global institutional LPs  Lightspeed India Partners announced the close of its third investment fund for early, seed, and Series A investments, ‘Lightspeed India Partners III,’ after raising US$275 million in committed capital from Limited Partnerships (LPs), the company announced in a press release dated

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Crypto Exchange Huobi Closes H1 2020 with US$877.8B in Trading Volume

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Huobi trading volumes held fast in the second quarter despite Bitcoin crash Singapore-based global cryptocurrency trading platform Huobi has recorded a trading volume worth US$877.8 billion on the platform in the first half of 2020, Huobi announced in a statement late last week. Both its highest and lowest monthly trading volumes were recorded in the second quarter,

Crypto Exchange Huobi Closes H1 2020 with US$877.8B in Trading Volume Read More »

Huobi trading volumes held fast in the second quarter despite Bitcoin crash Singapore-based global cryptocurrency trading platform Huobi has recorded a trading volume worth US$877.8 billion on the platform in the first half of 2020, Huobi announced in a statement late last week. Both its highest and lowest monthly trading volumes were recorded in the second quarter,

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Skyroot Aerospace Becomes First Indian Startup To Successfully Test In-house Upper Stage Rocket Engine

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Skyroot’s first satellite launch vehicle Vikram I is on track to be launched in December 2021 Hyderabad, India-based spacetech startup Skyroot Aerospace successfully test-fired its Vikram-1 space launch vehicle’s upper-stage engine, Raman, named after late physicist and Nobel Laureate Dr C.V. Raman, the startup announced in its social media posts on Tuesday. This makes Skyroot

Skyroot Aerospace Becomes First Indian Startup To Successfully Test In-house Upper Stage Rocket Engine Read More »

Skyroot’s first satellite launch vehicle Vikram I is on track to be launched in December 2021 Hyderabad, India-based spacetech startup Skyroot Aerospace successfully test-fired its Vikram-1 space launch vehicle’s upper-stage engine, Raman, named after late physicist and Nobel Laureate Dr C.V. Raman, the startup announced in its social media posts on Tuesday. This makes Skyroot

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MakinaRocks Series A: South Korean AI Industrial Solutions Startup Bags US$10M

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MakinaRocks will use the latest investment to expand its portfolio and develop a SaaS platform to attract domestic and international customers Seoul and Silicon Valley-based industrial AI solutions startup MakinaRocks has raised US$10 million in a Series A round of financing, the startup announced in a statement yesterday. Strategic investors LG Technology Ventures, Hyundai Motors,

MakinaRocks Series A: South Korean AI Industrial Solutions Startup Bags US$10M Read More »

MakinaRocks will use the latest investment to expand its portfolio and develop a SaaS platform to attract domestic and international customers Seoul and Silicon Valley-based industrial AI solutions startup MakinaRocks has raised US$10 million in a Series A round of financing, the startup announced in a statement yesterday. Strategic investors LG Technology Ventures, Hyundai Motors,

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Leaps By Bayer and Temasek Form New Vertical Farming Startup Unfold

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Unfold has raised US$30M from Temasek and Leaps by Bayer, and will be headquartered in the U.S. Singapore’s sovereign investment arm Temasek and Leaps by Bayer, the impact investment arm of Bayer AG, have entered into a joint venture and unveiled their new vertical farming startup, Unfold, Bayer announced in a statement on Wednesday. Unfold

Leaps By Bayer and Temasek Form New Vertical Farming Startup Unfold Read More »

Unfold has raised US$30M from Temasek and Leaps by Bayer, and will be headquartered in the U.S. Singapore’s sovereign investment arm Temasek and Leaps by Bayer, the impact investment arm of Bayer AG, have entered into a joint venture and unveiled their new vertical farming startup, Unfold, Bayer announced in a statement on Wednesday. Unfold

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HK Digital Asset Custodian Hex Trust Bolsters Its Platform and Position with Investment from Kenetic

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Kenetic’s Co-founder and Managing Partner to join Hex Trust’s Board Hong Kong-based digital asset custody and servicing platform Hex Trust has secured a strategic investment from Asian digital assets and blockchain investment firm Kenetic, according to a statement released by Hex Trust on Wednesday. The fresh capital will be channeled towards developing Hex Trust’s bank-grade

HK Digital Asset Custodian Hex Trust Bolsters Its Platform and Position with Investment from Kenetic Read More »

Kenetic’s Co-founder and Managing Partner to join Hex Trust’s Board Hong Kong-based digital asset custody and servicing platform Hex Trust has secured a strategic investment from Asian digital assets and blockchain investment firm Kenetic, according to a statement released by Hex Trust on Wednesday. The fresh capital will be channeled towards developing Hex Trust’s bank-grade

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JD.com Subsidiary JD MRO Acquires Chinese Industrial Procurement Company VIPMRO

JD.com Subsidiary JD MRO Acquires Chinese Industrial Procurement Company VIPMRO

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JD MRO will also be driving its ‘Partner Store’ digital solutions plan through VIPMRO’s offline retail channel Chinese industrial supplies procurement company VIPMRO has been acquired by JD MRO, a subsidiary of JD.com, according to an official announcement made by JD.com today. The acquisition will help JD MRO accelerate its growth in the Maintenance, Repair

JD.com Subsidiary JD MRO Acquires Chinese Industrial Procurement Company VIPMRO Read More »

JD MRO will also be driving its ‘Partner Store’ digital solutions plan through VIPMRO’s offline retail channel Chinese industrial supplies procurement company VIPMRO has been acquired by JD MRO, a subsidiary of JD.com, according to an official announcement made by JD.com today. The acquisition will help JD MRO accelerate its growth in the Maintenance, Repair

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India’s TikTok Alternative Chingari Raises US$1.3M Seed Round

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Chingari will use the latest investment to acquire more talent for product development and to make the platform more customer-centric and engaging Indigenous short video sharing app Chingari, which gained in popularity after TikTok got banned in India, has raised US$1.3 million in a seed round, the startup announced in a press release yesterday. AngelList

India’s TikTok Alternative Chingari Raises US$1.3M Seed Round Read More »

Chingari will use the latest investment to acquire more talent for product development and to make the platform more customer-centric and engaging Indigenous short video sharing app Chingari, which gained in popularity after TikTok got banned in India, has raised US$1.3 million in a seed round, the startup announced in a press release yesterday. AngelList

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Singapore Trade Financing Platform Incomlend Picks Up US$20M Series A

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Incomlend is focused on solutions for the global trade financing gap Singapore-based alternative trade financing startup Incomlend has secured US$20 million in its Series A round of financing, the company announced in a statement. The round was led by Sequoia Capital India, with participation from French transportation and shipping company CMA CGM Group, the company

Singapore Trade Financing Platform Incomlend Picks Up US$20M Series A Read More »

Incomlend is focused on solutions for the global trade financing gap Singapore-based alternative trade financing startup Incomlend has secured US$20 million in its Series A round of financing, the company announced in a statement. The round was led by Sequoia Capital India, with participation from French transportation and shipping company CMA CGM Group, the company

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Chinese Sales SaaS Company Tungee Announces US$17M Series B

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The funding will be used to beef up Tungee’s SaaS platform infrastructure Guangzhou-headquartered sales intelligence software-as-a-service (SaaS) company Tungee has completed its Series B round of financing for RMB 120 million (around US$17 million), the company officially announced in a statement yesterday. The round was led by Sequoia Capital China, with the participation of Shanghai-based venture capital

Chinese Sales SaaS Company Tungee Announces US$17M Series B Read More »

The funding will be used to beef up Tungee’s SaaS platform infrastructure Guangzhou-headquartered sales intelligence software-as-a-service (SaaS) company Tungee has completed its Series B round of financing for RMB 120 million (around US$17 million), the company officially announced in a statement yesterday. The round was led by Sequoia Capital China, with the participation of Shanghai-based venture capital

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Tokyo-Based Proptech Company WealthPark Locks In US$8.5M Series B

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WealthPark’s latest funding comes from a motley mix of institutional investors, angel investors, and family offices Tokyo-based asset management proptech platform WealthPark has secured JPY 907 million (US$8.5 million) in a Series B round of financing from a consortium of investors, the company announced in a statement today. The investment was raised from existing investors, SBI Holding’s

Tokyo-Based Proptech Company WealthPark Locks In US$8.5M Series B Read More »

WealthPark’s latest funding comes from a motley mix of institutional investors, angel investors, and family offices Tokyo-based asset management proptech platform WealthPark has secured JPY 907 million (US$8.5 million) in a Series B round of financing from a consortium of investors, the company announced in a statement today. The investment was raised from existing investors, SBI Holding’s

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Indonesian Bill Payment Fintech Ayoconnect Secures US$5M Pre-Series B

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Ayoconnect helps digitize bill payments in Indonesia Indonesian fintech startup Ayoconnect (previously known as Ayopop) has raised US$5 million in a pre-Series B funding round, taking its total capital over the $10 million mark, the company announced in a statement earlier this week. Existing backers and early-stage venture capital investors Finch Capital and Amand Ventures

Indonesian Bill Payment Fintech Ayoconnect Secures US$5M Pre-Series B Read More »

Ayoconnect helps digitize bill payments in Indonesia Indonesian fintech startup Ayoconnect (previously known as Ayopop) has raised US$5 million in a pre-Series B funding round, taking its total capital over the $10 million mark, the company announced in a statement earlier this week. Existing backers and early-stage venture capital investors Finch Capital and Amand Ventures

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Edtech Decacorn Byju’s Acquires WhiteHat Jr For US$300M In All-Cash Deal

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WhiteHat Jr was also reportedly in talks to raise US$50 million at a valuation of $350 million India-based Byju’s, the world’s most valuable edtech startup, has acquired Mumbai-based 18-month-old coding platform WhiteHat Jr, Byju’s announced in a press release yesterday. The acquisition will allow the edtech decacorn to expand its offerings in India and accelerate

Edtech Decacorn Byju’s Acquires WhiteHat Jr For US$300M In All-Cash Deal Read More »

WhiteHat Jr was also reportedly in talks to raise US$50 million at a valuation of $350 million India-based Byju’s, the world’s most valuable edtech startup, has acquired Mumbai-based 18-month-old coding platform WhiteHat Jr, Byju’s announced in a press release yesterday. The acquisition will allow the edtech decacorn to expand its offerings in India and accelerate

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Indian Edtech Startup Springboard Raises US$31M Series B

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Springboard will use the fresh funds to enhance student employability and deepen partner ties Edtech startup Springboard has raised US$31 million in a Series B funding round led by Australia-based Telstra Ventures, the startup announced in a press release yesterday. A consortium of existing investors including Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation

Indian Edtech Startup Springboard Raises US$31M Series B Read More »

Springboard will use the fresh funds to enhance student employability and deepen partner ties Edtech startup Springboard has raised US$31 million in a Series B funding round led by Australia-based Telstra Ventures, the startup announced in a press release yesterday. A consortium of existing investors including Costanoa Ventures, Pearson Ventures, Reach Capital, International Finance Corporation

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Cambodian Payments Fintech Clik Lands US$3.7M Seed Funding

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Clik also announced a series of fresh C-Suite appointments Phnom Penh, Cambodia-based fintech startup Clik has closed a US$3.7 million seed funding round, the company announced in a statement released yesterday. Led by Openway and Poems Pte Ltd, an investment holding company of Singapore-based fund manager Phillip Capital, the funding is “Southeast Asia’s largest ever

Cambodian Payments Fintech Clik Lands US$3.7M Seed Funding Read More »

Clik also announced a series of fresh C-Suite appointments Phnom Penh, Cambodia-based fintech startup Clik has closed a US$3.7 million seed funding round, the company announced in a statement released yesterday. Led by Openway and Poems Pte Ltd, an investment holding company of Singapore-based fund manager Phillip Capital, the funding is “Southeast Asia’s largest ever

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