In today’s briefing:
- Wealth Management Startup Kristal.AI Nets US$10M Funding, Expanding into UAE
- Ayurveda Tech Startup NirogStreet Raises US$12M to Strengthen Supply Chain
- Indonesia’s Hangry Posts 2.5x Revenue Jump in 2022
- Vietnamese Electric Bike Firm Secures $8m from Jungle Ventures, Others
Wealth Management Startup Kristal.AI Nets US$10M Funding, Expanding into UAE
- Kristal.AI, a private wealth management platform, has secured over US$10 million in its pre-series B round of investment.
- Kristal.AI will use the new capital for expansion into new markets and driving product and platform innovation.
- Established in 2016, Kristal is a digital-first private wealth advisory and fund management group serving mass-affluent clients globally.
Ayurveda Tech Startup NirogStreet Raises US$12M to Strengthen Supply Chain
- NirogStreet, an Ayurveda tech startup based in Delhi, India, has received US$12 million in a Series B round of funding led by Jungle Ventures.
With technology-based interventions, NirogStreet enables doctors by giving technology to run their clinic, access to quality medicines inventory in real-time, and avenues to learn and earn while also closely working with the government, regulators, and research organisations.
It has over 50,000 Ayurvedic doctors in the community and encourages them to create and publish case studies and research reports to bring evidence-based treatment similar to modern medicine.
Indonesia’s Hangry Posts 2.5x Revenue Jump in 2022
- Hangry, an Indonesia-based culinary startup, said it posted a 2.5x revenue growth between January to October 2022 compared to its revenue last year.
- At its third birthday event earlier this week, the firm’s president, Andreas Resha, said that he felt fortunate that Hangry was in a business that caters to a primary need: food.
- That’s why demand for its product is “still strong,” he said, despite current macroeconomic disruptions pushing many tech startups to lay off employees.
Vietnamese Electric Bike Firm Secures $8m from Jungle Ventures, Others
- Dat Bike, a Vietnam-based electric motorbike startup, has raised US$8 million in a funding round.
The deal pushes the total funding Dat Bike has raised to date to US$16.5 million.
- Founded in 2019, Dat Bike said that its electric motorcycles have 4x the range (200 kilometers versus 50 kilometers) and faster charging time (3 hours versus 6 hours) compared to most alternatives.
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