News
HK logistics platform Buyandship partners with local merchants for overseas market expansion, with partner Yoho seeing 1,000% surge
Partner merchants will be able to benefit from Buyandship’s platform by making use of its large membership base and established logistics platform. The company also offers a cheaper and more holistic alternative compared to other similar e-commerce platforms. Buyanship’s platform also allows partner merchants to launch crossover promotions to its members.……
Indonesian P2P FinTech startup Amartha secures $28M investment led by Women’s World Banking fund
The company plans to use the investment to continue empowering rural Indonesian women with proper working capital and further develop its products and offerings.
Indonesian social commerce startup Super raises $28M Series B led by SoftBank Ventures Asia
The company plans to use its Series B funding to double down on its presence in East Java and launch in other Indonesian provinces later this year. Currently, the startup mainly offers FMCG products and is looking into expanding its product range. Lastly, the company plans to use the money to further develop its white label brand, SuperEats.
StashAway secures $25M Series D led by Sequoia Capital India to accelerate growth and regional expansion
StashAway plans to double down on investment offerings and buy back a maximum of $3 million in stock options from its employees. It also plans to launch in Thailand within the next few months, according to CEO Michele Ferrario.
Digital-first pet insurance platform Oyen launches in Malaysia
The new platform allows pet owners to digitally buy and manage medical insurance for their cats and dogs.
Hobby lifestyle e-commerce platform Mercular raises $3M Series A led by Kairous Capital
The fresh capital will help fuel Mercular’s goal to build a fully integrated value chain and community around the hobby lifestyle category, particularly through building its hobby lifestyle ecosystem.
Execs from Microsoft, Google, Twitter join XA Network board, with aim of fostering inclusive innovation in SEA
Since its founding in 2018, the organization has grown to 100 members. It has also made 30 investments and has already had its first exit with Lomotif, a Singaporean video-sharing social networking platform, for $125 million. As for its portfolio, two-fifths of its companies have advanced to Series A/B funding rounds.
HealthTech platform Halodoc secures $80M Series C to further improve digital healthcare in Indonesia
The company plans to use its fresh capital from the Series C fundraise to continue working on its digital solutions. It will be used to penetrate key healthcare verticals across the country, improving user/patient experiences with tech-based solutions for the country's most pressing healthcare problems.
Indie game dev platform Jambox secures $1.1M Seed funding to foster next-gen competitive game publishing in India and SEA
The Seed fund will be used to fuel the startup’s next-generation competitive game publishing platform for indie game developers specifically in India and Southeast Asia. Jambox plans to launch the platform and establish roots in Vietnam, India, and Indonesia before moving towards launching in Malaysia, Thailand, and the Philippines.
Indonesia e-commerce unicorn Bukalapak receives backing from state-owned banks in a $234M venture round
The company plans to use its fresh capital to increase its user base of warungs (mom and pop stores), micro, and small businesses in Indonesia. The company’s strategic partnerships with both state-owned banks will also give its user base access to more products and services that the banks offer.
