Monday, January 9, 2023
HomeAsian NewsEcosystem Roundup: Dana raises US$554M, turns unicorn; Atome banks US$100M debt facility;...

Ecosystem Roundup: Dana raises US$554M, turns unicorn; Atome banks US$100M debt facility; Emtek mulls IPO for Vidio

Indonesian e-wallet Dana raises US$554M from Sinar Mas, Lazada
This brings DANA’ valuation to US$1.3 billion; Dana stated that it has acquired greater than 115M customers and processed over 10M each day transactions; In keeping with its CEO Vincent Iswara, the presence of latest buyers will assist add extra providers and enhance its tech scalability.

Emtek mulls IPO for OTT platform Vidio
Emtek holds 79.37 per cent stake within the OTT platform by way of its subsidiary SCM in Vidio; The Indonesian conglomerate can be a high shareholder of IDX-listed Bukalapak.

Atome banks US$100M HSBC debt facility
It should help the fintech firm’s efforts to increase and strengthen its presence in Asia; Atome is a purchase now, pay later platform that works with over 15,000 retail companions throughout 10 Asian markets.

Aramco’s VC arm leads US$35M spherical of HK’s Insilico Medication
In addition to Prosperity7 Ventures, Warburg Pincus, B Capital Group, and Qiming Enterprise additionally joined; Insilico makes use of AI to find and develop medication for most cancers, fibrosis, central nervous system ailments, and ageing-related ailments.

Indian crypto agency CoinSwitch Kuber launches US$10M Web3 fund
It goals to incubate as much as 100 Indian early-stage startups constructing blockchain options; The crypto agency stated it has over 18M customers: In April 2021, CoinSwitch raised US$25M Sequence B led by Tiger World.

Indonesian digital pharmacy Lifepack raises US$7M
Buyers embrace Golden Gate Ventures; Lifepack goals to supply high quality and inexpensive medication for sufferers. In addition to OTC medication and normal dietary supplements, the corporate additionally gives medicine for persistent ailments.

Expedock banks US$13.5M to permit provide chain manufacturers to rework paper docs into information
Buyers embrace Perception Companions, Neo and Pear, and angels; Expedock makes use of AI to rework paper paperwork into information, shortly classify them, and convey them into present freight forwarder instruments.

‘DAOs aren’t totally different from community-building efforts seen in Web2’
Anybody can begin a DAO; all you want is a gaggle of individuals with a shared checking account, explains Web3 skilled and Menyala government Siddharth Krishnan.

Traveloka ex-CMO’s healthtech startup Diri Care closes US$4.3M seed spherical
Buyers embrace East Ventures, Sequoia India, Surge, and Henry Hendrawan; Indonesia-based Diri Care is an on-demand, one-stop digital clinic for pores and skin, hair and intimate well being circumstances.

Singapore pet care startup ZumVet closes US$3.7M Sequence A
Buyers embrace Quest Ventures, Pine Enterprise Companions, and Pentepebble; Geared toward making pet care accessible and inexpensive, ZumVet gives distant care choices and self-administered diagnostics and remedy packages throughout SEA.

ProfilePrint provides meals provides big Cargill to its cap desk
ProfilePrint predicts the standard and profile of a meals pattern “inside seconds”; During the last six months, Cargill has accomplished pilots with ProfilePrint’s options throughout its portfolio of substances.

Techstars, Crestone VC be a part of Filipino HR-tech startup Betterteem’s financing spherical
Betterteem predicts worker churn, gives on-demand psychological well being help to them, and is a digital group platform to affect their expertise positively.

Social finance platform Ethis relaunches angel investor group
The ESA Syndicate is by invitation just for angel buyers who goal to again startups specializing in the Muslim world and halal sectors; It’ll have a “particular curiosity” for the fintech, agritech, and halal meals distribution industries.

Gobi-backed startup Avana’s co-founder Luqman Adris passes away
It’s understood from a former colleague and investor that Adris had been affected by a extreme sickness; Avana helps companies automate transaction processes on social media and prompt messaging platforms.

GoTo launches meals supply service on Tokopedia
At present, the service is out there within the Higher Jakarta space; The rollout of this service will permit customers to seek for meals choices on Tokopedia, whereas GoFood retailers can attain a wider viewers.

The submit Ecosystem Roundup: Dana raises US$554M, turns unicorn; Atome banks US$100M debt facility; Emtek mulls IPO for Vidio appeared first on e27.



Please enter your comment!
Please enter your name here

Most Popular

Recent Comments