News
Acronis secures $250M increasing valuation to $2.5B to increase technical capabilities and datacenter presence
Acronis plans to boost the manpower in engineering, sales, and technical support teams. Currently, the company has 1,600 employees worldwide, with roughly 1,000 of them in technical roles. It plans to double the number of technical employees in Bulgaria, Israel, Singapore, Switzerland, and Arizona within the next 2 to 3 years.
Una Brands raises $40M Seed fund to consolidate small e-commerce brands in APAC
Una Brands indicated intends to use the capital to purchase and scale e-commerce brands operating in the Asia-Pacific region. The company plans to buy businesses that sell their products on leading e-commerce sites including Amazon, Shopee, and Lazada.
With 407M fans and 52B annual views on its belt, POPS Worldwide seeks to raise $50M Series D for regional expansion
The company is targeting to start its fundraising for its Series D within the year with a target of $50 million. POPS Worldwide shared that it plans to use the projected amount to “further innovate, grow and expand across Southeast Asia, starting with the Philippines, as well as go deeper into Indonesia where the company is seeing impressive traction.”
Former execs from Carousell, OVO & Airbnb launch Rainforest with $36M Seed fund to consolidate APAC Amazon Sellers
The startup will be using its seed fund to acquire Amazon FBA (Fulfillment by Amazon) brands, invest in technology, and bolster the company’s efforts in recruitment.
Singapore-based agrifoodtech catalyst GROW launches the second cohort of its flagship accelerator program
Advancing new frontiers in sustainable agriculture and food production, GROW’s Impact Accelerator acknowledges the urgency of addressing the global food crisis not only to feed the world’s growing population but also to arrest the accelerated effects of global warming.
Thai FinTech startup atato raises $1M in Seed round led by Zipmex and SOSV
atato plans to use its fresh capital to continue working on its digital assets products and to strengthen its teams, security, and compliance. It plans to continue helping companies create, store, and manage digital assets in full compliance with any local digital assets regulations. The company specifically wants to work on compliance in the areas of…
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.
