Grab rival Be Group gets $60M loan for Vietnam expansion – report
Vietnam-based ride-hailing start-up Be Group JSC said it had received a loan facility of at least $60 million, as it seeks to further challenge Grab Holdings Ltd in the country, Bloomberg reported on Monday. The loan from Deutsche Bank AG includes a provision that would allow financing to increase to as much as $100 million, Be Group chief executive […]
GREENEST raises pre-seed funding from Better Bite Ventures
Plant-based protein brand GREENEST has raised an undisclosed amount in a pre-seed funding round from Better Bite Ventures, and former chief executive for fresh fruits and vegetables and frozen foods vertical at ITC, Sachid Madan. The first company in the nation to have executed a variety of B2B partnerships, GREENEST with top food service providers […]
Singapore B2B commerce enabler Eezee raises $7.5m to expand across SE Asia
Eezee, a Singapore-based B2B procurement startup, revealed that it has raised $7.5 million in its Series A funding round that will fuel its further expansion in Southeast Asia. The funding round was led by Ayala Corporate Technology Innovation Venture Fund (ACTIVE Fund), one of Southeast Asia’s top corporate venture capital firms backed by Ayala Corporation and […]
Docquity, SE Asia’s social network for doctors, banks $44m in Series C financing
Docquity, Southeast Asia’s largest community of healthcare professionals, announced that it has raised $44 million in total in its Series C financing round, anchored by Japan’s Itochu Corporation. Itochu, which put in $32 million in the funding round, was joined by other investors, including iGlobe Partners, Alkemi, Global Brain, KDV, and Infocom. The Series C round brings […]
Vietnamese e-commerce retailer Coolmate receives $2.3m in Series A funding
Coolmate, a Vietnamese menswear brand that sells through its own e-commerce store, has raised an additional $2.3 million for its Series A funding round participated by GSR Ventures and Do Ventures, according to an announcement. Coolmate is the first Vietnamese startup to receive funding from GSR Ventures, a world-renowned early backer of unicorns including Advance Intelligence Group, Nium, Ele.me, and […]
WhatsApp Group Rules
StartupLanes has a WhatsApp Group for each city. Entrepreneurs can join that city WhatsApp group in which they are residing. Joining the SL WhatsApp group will provide a platform for corporate connect and networking for entrepreneurs. You can get access to the global community and relationship building. People in the group will stay updated about […]
MedGenome secures $50 million in funding led by Novo Holdings
MedGenome, a Bengaluru-based genomics research business, has raised $50 million in a strategic investment round headed by life sciences investor Novo Holdings. Other current investors, including LeapFrog Investments and Sofina, also participated in the round. The cash will be used to expand the startup’s geographical impact beyond South Asia into Africa and the Middle East. […]
Online used car retailer Carro posts record $464m revenue
Carro, Southeast Asia’s largest online used car retailer, announced that it more than doubled its revenue and gross profit to a record in its last financial year, achieving more than S$650 million ($464 million) in revenue. It is currently tracking at over S$1.3 billion in run-rate revenue and is poised to deliver another 2x growth in […]
Recruitment platform Kula bags $12 mn in seed round led by Sequoia, Square Peg
Recruitment automation platform Kula has raised $12 million in a seed fundraising round headed by Sequoia Capital India and Australia-based Square Peg Capital. Existing investors Venture Highway, Together Fund, and some angel investors also participated in the round. The company raised about $2.7 million within the six months following the pre-seed announcement, bringing the total […]
Singapore’s Monk’s Hill Ventures leads Starboard’s $3.5m pre-Series A funding
Singapore-based venture capital (VC) investor Monk’s Hill Ventures has led the $3.5-million pre-Series A funding in Starboard, a platform for founders to start and run their companies globally. The funding round was also backed by Actium Partners, Iterative Capital, Bruno Poh (General Counsel, Lyte Ventures), Lelaina Lim (CFO, Eu Yang Sang International Limited), Michael Tor (Executive Director, UOB), Soh Gin […]