Investments

KitaBeli, the largest fast-moving consumer goods (FMCG) social commerce platform for consumers in Indonesia’s second-and third-tier cities, announced Monday that it has closed a $20 million funding round led by Glade Brook Capital Partners (Glade Brook), a global growth equity investment firm. Its existing investors, AC Ventures and GoVentures joined the…

Detect Technologies, an artificial intelligence (AI)-based software as a service (SaaS) enterprise in India, announced Thursday that it has raised $28 million in primary and secondary funding. Prosus Ventures led this round with significant participation from existing investors Accel and Elevation Capital, and continued support from other existing…

Vietnamese electric vehicle manufacturer VinFast said Wednesday it has signed international financing agreements with Credit Suisse and Citigroup in order to raise $4 billion capital for the development of its planned manufacturing facility in North Carolina and its business activities in the United States (U.S.) market.

MedTel Healthcare, an India-based business to business (B2B) and business to business to consumer (B2B2C) connected care and remote patient monitoring platform, said Tuesday it is planning to raise around $10 million in Series A. Existing investors and leading venture capitals have already expressed interest in the series A fund raise.

Intellect, a Singapore-headquartered mental health startup, announced Tuesday it has raised an additional $10 million in a Series A extension, led by Tiger Global, bringing Intellect to a Series A total of $20 million. This round was led by Tiger Global and joined by new investors including K3 Ventures, JAFCO Asia, Singtel Innov8, and PERSOL Holdings, with…

Tanaku, an Indonesia based proptech startup, said Tuesday it has raised $5.5 million of pre-seed funding led by East Ventures. The round included equity and debt capital from an International Bank, Tanaku. The fresh capital will accelerate Tanaku’s mission to make home ownership accessible and radically transform the home buying experience, with the current…

Vegrow, India’s leading business to business (B2B) marketplace for fruits announced Monday it has secured funding of a $25 million Series B round led by Prosus Ventures. Marquee investors Matrix Partners India, Elevation Capital, Lightspeed and Ankur Capital participated in the round while prominent angel and agri veteran Sanjiv Rangrass continues to back…

Innoviti Payment Solutions Pvt Ltd, India-based collaborative commerce platform said Friday that it has raised a $45 million combination Series D fund led by Singapore-based growth equity firm Panthera Growth Partners (PGP). PGP has invested $15 million in the company from its recently announced Fund II, along with new investors including Alumni Ventures,…

AMODA, a property and construction startup in Indonesia, announced Friday that it has secured an undisclosed amount of pre-seed funding from East Ventures, the leading sector-agnostic venture capital firm in Indonesia and Southeast Asia. The firm will allocate the fund to scale up the manufacturing facilities, expand its team, and invest in its research and…

The Whisky Cask Club announced on Thursday the launch of Asia’s first-ever Whisky Cask Fund, a unique platform which allows investors to invest in premium whisky casks at competitive rates. It is the only fund of its kind to be regulated by the Monetary Authority of Singapore (MAS).