Category

Private Markets

Aug 29
0

Daily Brief Private Markets: Indian Edtech Startup Gets $6m to Help Close Education Funding Divide and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Indian Edtech Startup Gets $6m to Help Close Education Funding Divide
  • Malaysian Recommerce Startup CompAsia Rakes in Series A Funding Led by Gobi Partners

Indian Edtech Startup Gets $6m to Help Close Education Funding Divide

By Tech in Asia

  • GradRight, an India-based startup that helps students with selecting their university majors and financing their studies, has raised 500 million rupees (US$6.1 million) in series A funding from IvyCap Ventures. 
  • The investment will be used to accelerate GradRight’s growth and expand its reach to lower- and middle-income students around the world.
  • Founded in 2020 by Aman Singh and Sasidhar Sista, the edtech startup runs an AI-powered platform that brings together prospective students, universities, and lenders.

Malaysian Recommerce Startup CompAsia Rakes in Series A Funding Led by Gobi Partners

By e27

  • Malaysia’s integrated re-commerce startup CompAsia has secured an undisclosed sum in a Series A investment round led by Gobi Partners.
  • This capital will help the startup expand across various touchpoints, bolstering human resources, training, and operational capabilities.
  • Additionally, the funds will be instrumental in optimising the firm’s digital assets and marketing strategies, specifically focusing on penetrating new markets like the Philippines, Thailand, and Indonesia.

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Aug 27
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 27 Aug 2023

By | Private Markets, Smartkarma Newswire

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

  1. India’s ISRO Achieves Historic Soft Landing on the Moon – India’s national space agency, ISRO, successfully achieved a soft landing on the Moon’s south pole for the first time.
  2. Zepto Ends India’s Unicorn Drought – Quick delivery startup Zepto becomes India’s first unicorn in nearly three quarters, commanding a valuation of $1.4 billion in its latest funding round.
  3. Dunzo Struggles to Stay Afloat – Indian hyperlocal delivery startup Dunzo, facing financial difficulties, reaches out to investors to raise capital amid delayed salaries and legal notices from unpaid vendors.
  4. Startups Take Measures to Achieve Profitability – Indian startups like Zomato, Swiggy, Paytm, Delhivery, and PolicyBazaar implement cost-cutting measures, layoffs, and diversification of revenue streams to meet investor expectations and achieve profitability.
  5. Decline in Venture-Backed Indian Startup M&A Deals – The value of disclosed M&A deals involving venture-backed Indian startups tumbles by 87% to $323 million in January-July 2023.
  6. Grab Nears Break-Even as Losses Narrow – Southeast Asian super app Grab announces narrowing losses by 74% in Q2, putting the company on track to break even sooner.
  7. GoTo Divests Entertainment Businesses – Indonesian tech giant GoTo narrows net losses in Q2 and decides to divest its entertainment businesses to focus on sustainable growth.
  8. Exploring Indonesia’s Insurtech Sector – Despite its huge potential, the insurtech industry in Indonesia is yet to see a boom due to a lack of awareness and comprehensive product offerings.
  9. Survival Challenges for Vietnamese Social Commerce Startups – Vietnamese social commerce startups face survival challenges despite significant opportunities created by the TikTok boom.
  10. Landmark Family Office Awaits Ideal Time for PE-VC Investments – Family offices, including Landmark Family Office, are scouting for strategies with more manageable downsides before resuming PE-VC investments.

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