Category

Private Markets

Mar 28
0

Daily Brief Private Markets: Familymart Ties with Coca Cola on Logistics and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Familymart Ties with Coca Cola on Logistics, Sells Laundromat Business

Familymart Ties with Coca Cola on Logistics, Sells Laundromat Business

By Michael Causton

  • In one of many ventures in response to the 2024 logistics problem, Familymart began an experimental collaboration with Coca Cola Bottlers in February, seeking to reduce delivery frequency in Kanagawa.
  • It is also streamlining its business, selling both its gyms and laundries recently.
  • While unlisted, its ongoing innovations provide an insight into the wider convenience store sector.

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Mar 27
0

Daily Brief Private Markets: PINTAR Gets US$3M in Pre-Series A Funding Round to Help Workers Get Out of the Middle Income Trap and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • PINTAR Gets US$3M in Pre-Series A Funding Round to Help Workers Get Out of the Middle Income Trap

PINTAR Gets US$3M in Pre-Series A Funding Round to Help Workers Get Out of the Middle Income Trap

By e27

  • Indonesian edutech platform PINTAR announced that it has raised US$3 million in Pre-Series A funding led by Havez Capital with the participation of SIG Venture Capital.
  • In a press statement, the startup said that the funding marks a new chapter for PINTAR in achieving its mission of helping Indonesian workers to upskill and get out of the middle-income trap with the help of technology.
  • Starting in 2013 under the HarukaEdu and Pintaria brands, PINTAR offers various online education programmes for college and university levels, enterprise training programmes for employees, boot camp certification and masterclasses.

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Mar 26
0

Daily Brief Private Markets: Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures | e27 and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures | e27
  • Jumbotail nets $18m amid tough B2B ecommerce market
  • Singaporean wearables startup SynPhNe bags US$5M for US expansion | e27
  • Ai Palette nets US$5.8M to empower CPG brands with real-time insights into consumer trends | e27
  • Rider Dome attracts US$2.3M for its AI-powered motorcycle safety solution | e27

Verifiable digital identity startup Accredify raises strategic funding from Okta Ventures | e27

By e27

  • Accredify, a company that enables firms to create, issue, and manage tamper-proof verifiable credentials in Singapore, has raised an undisclosed strategic investment from US-based Okta Ventures, the investment arm of the independent identity management platform Okta.
  • Accredify will integrate Okta’s solutions, such as SSO and MFA, into its product.
  • This Series A extension round follows the Singaporean startup’s US$7 million financing in April 2023, co-led by iGlobe Partners and SIG Venture Capital, with participation from Pavilion Capital and Qualgro.

Jumbotail nets $18m amid tough B2B ecommerce market

By Tech in Asia

  • B2B ecommerce startups in India and Southeast Asia have been facing challenges in scaling up their businesses after the pandemic.
  • In December 2023, Indian unicorn Udaan laid off at least 100 employees after raising US$340 million, while two months earlier, Indonesia-based Ula announced that it was also cutting jobs and transitioning out of its inventory-led FMCG distribution business.
  • However, positive news comes from B2B startup Jumbotail, which has raised US$18.2 million in an equity round.

Singaporean wearables startup SynPhNe bags US$5M for US expansion | e27

By e27

  • SynPhNe (Synergistic Physio-Neuro Platform), a wearable solution designed to treat stroke and other neurology-related disorders, has received US$5 million in a Series A funding round.
  • Event Horizon Technologies, an affiliate of the Nadathur Group, is one of the key investors in this round. The Group is the family office of Nadathur Raghavan, co-founder of Indian software giant Infosys.
  • This fresh capital will be used by Singapore-based SynPhNe to expand its rehabilitation services, particularly in the US market.

Ai Palette nets US$5.8M to empower CPG brands with real-time insights into consumer trends | e27

By e27

  • Ai Palette, a Singapore-incorporated startup enabling consumer packaged goods (CPG) companies to create products using AI and machine learning technologies, has bagged US$4 million in equity financing from local VC firm Tin Men Capital.
  • This brings the capital raised by the AI startup in the Series A extension round to US$5.8 million.
  • With the fresh funds, Ai Palette looks to expand further into the beauty & personal care and nutraceutical categories, which began development in November 2023.

Rider Dome attracts US$2.3M for its AI-powered motorcycle safety solution | e27

By e27

  • Singapore-based Rider Dome, which specialises in AI-driven safety solutions for motorcycle fleets and riders, has announced the completion of its US$2.3 million seed funding round.
  • The investors are local mobility startup investor Goldbell, Radha Rani Holdings Family Office, and undisclosed angels.
  • “With the strategic partnership of our investors, Rider Dome not only gains financial support but also taps into a wealth of experience and market understanding within the automotive industry.

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Mar 24
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 24 Mar 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

    **

  1. Shiok Meats Acquired by Umami Bioworks: What You Need to Know**
    – Sandhya Sriram, CEO and founder of Shiok Meats, announced the acquisition by Umami Bioworks in a LinkedIn post.
    – She will be stepping down from her CEO position after six and a half years.

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