Indian B2B ecommerce marketplace Jumbotail raises $85M Series C round led by Invus
Jumbotail, India’s new retail platform and business to business (B2B) ecommerce marketplace for food and grocery products, has raised an $85 million Series C round led by Artal Asia Pte. Ltd., an affiliate of global investment firm Invus.
Ajax Capital, the family office of veteran fast-moving consumer goods (FMCG) entrepreneur Ajay Gupta, also participated in the round, Jumbotail said in a…
Vietnam’s Society Pass announces inclusion in Russell 2000 Index
Society Pass Incorporated (SoPa), the Vietnam-based data-driven loyalty platform, announced Tuesday that the company has been added to the Russell 2000 Index, effective at the open of U.S. markets on December 20, 2021 and according to the preliminary list of initial public offering (IPO) additions to the Russell indexes.
"Building on the momentum of our successful IPO, the inclusion of Society…
Announcing the winners of the ORIGIN Innovation Awards 2021
TechNode Global is pleased to announce the complete list of winners of the second edition of ORIGIN Innovation Awards.
The ORIGIN Innovation Awards recognizes outstanding startups, corporate innovators, and movers and shakers in the Asia Pacific region poised for growth. The awards celebrate the spirit of innovation and entrepreneurship, and also seek to inspire the dreamer in all of us.…
Southeast Asia’s Top 10 tech news in 2021
In 2021, many parts of the world (perhaps excluding China and North Korea) including Southeast Asia are still very much affected by the COVID-19 pandemic, no thanks to the more infectious Delta-variant. Countries have to re-impose lockdowns and travel restrictions as the number of COVID-10 cases spiked. But the pandemic forces digital acceleration and digital transformation across various…
Softbank, Tencent-backed Indian used car platform Cars24 raises $400M
India-based used car platform Cars24 announced on Monday the closing of a $400 million round of funding including a $300 million Series G equity round alongside $100 million debt from diversified financial institutions.
This round is Cars24’s third in just over a year and values the used cars e-commerce player at $3.3 billion, about double the valuation from its previous round in September…
Designing for a better tomorrow
Many hands make light work, as the proverb goes. At the recent TechInnovation 2021 event, IPI and DesignSingapore Council (Dsg) launched the second edition of Design Think-Tank, a networking and open innovation platform for firms, organizations, designers, and innovators.
“Businesses have traditionally tackled issues by resolving them in-house or engaging external stakeholders. With the Design…
Indonesia’s GoTo said to appoint banks for $1B local IPO – report
Indonesia-based largest tech firm GoTo Group, the merged entity of Gojek and Tokopedia, has hired banks to help it raise around $1 billion from an initial public offering (IPO) in Indonesia, Bloomberg reported, quoting people familiar with the matter.
The company, a merger of the country’s two most valuable Internet start-ups, has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as…
For Choco Up, non-dilutive funding addresses funding gap for growth without being costly in terms of equity [Q&A]
Having enough resources can spell the difference between a company achieving traction and failing. When there are concerns about cash burn and lack of growth resources looming on an entrepreneurs' head, it could end up stifling innovation.
In our TechNode Global Q&A with Percy Hung, Co-founder, and Chief Executive Officer of Choco Up, we learn how non-dilutive funding drives value for both…
Vietnams’s Society Pass establishes regional headquarters in Singapore, poised to accelerate growth in Southeast Asia
Vietnam-based loyalty and analytics platform Society Pass (SoPa), which is listed on Nasdaq, announced Thursday its ambition to accelerate its growth in Southeast Asia through the launch of its regional headquarters in Singapore.
Located in Raffles Place in the heart of the Singapore central business district, the new office acts as the company’s designated Asia Pacific hub for regional…
For the Botsync team, collaborative automation will be key to accelerating digitalization in logistics [Q&A]
Digital transformation is playing a big part in the strategy and operations of businesses today. The market size for digital transformation will grow from $1.5 trillion annually this year to $2.8 trillion by 2025. And yet some businesses might find challenges in complexity, manpower, and resources.
In this TechNode Global Q&A with the founding team at Botsync, we learn how collaborative…