In the latest deal in Indonesia’s trucking space, e-forwarding startup Logisly has raised an undisclosed seed funding round led by Singapore-based SeedPlus, Indonesia-based Convergence Ventures and Tokyo-based Genesia Ventures. With the fresh capital, Logisly is set to pursue its goal of easing the high cost of logistics in Indonesia, by increasing utilization of trucks and… Continue reading Indonesian startup Logisly secures seed funding led by Seedplus, others
Author: Deal Street Asia Online News
VinaCapital Ventures invests in Vietnamese logistics startup An Vui
Vietnam-based VinaCapital Ventures has invested in An Vui, a transportation management system startup, according to an announcement. Founded in 2015, the startup aims to tackle the pain points in road transport in areas such as intercity bus and limousine services, which account for more than three-quarters of Vietnam’s passenger transport methods. Businesses operating in this… Continue reading VinaCapital Ventures invests in Vietnamese logistics startup An Vui
Malaysia’s used car marketplace Carsome said to be raising $40m Series C
Eric Cheng, Co-Founder and CEO of Carsome Carsome, a Malaysia-based used car marketplace, is in talks to raise $40 million in a Series C funding round by the end of this year, according to three sources aware of the development. Go to Source
China’s 3D printing startup LuxCreo raises $30m led by Kleiner Perkins
China’s 3D printing manufacturer LuxCreo has raised $30 million in Series B funding round led by Kleiner Perkins and joined by Shunwei Capital and Northern Light Venture Capital, according to a statement on Shunwei Capital’s Linkedin page. Founded in 2016, LuxCreo is dedicated to large-scale 3D-printing manufacturing, covering software, hardware and materials. The company had… Continue reading China’s 3D printing startup LuxCreo raises $30m led by Kleiner Perkins
India Dealbook: GetNatty gets seed funding; Cricketer Dhoni backs Cars24
GetNatty Designtech Pvt. Ltd, a Vodadara-based n O2O designer brands aggregator, has raised an undisclosed amount in seed funding while Indian cricketer Mahendra Singh Dhoni has invested in Cars24. GetNatty gets seed funding GetNatty Designtech Pvt. Ltd, a Vodadara-based n O2O designer brands aggregator and fashion discovery platform, has raised an undisclosed amount in seed… Continue reading India Dealbook: GetNatty gets seed funding; Cricketer Dhoni backs Cars24
Indonesian used car platform BeliMobilGue gets $30m, names OVO director as CEO
Indonesian used car marketplace BeliMobilGue.co.id has received an investment commitment of over $30 million from Berlin-based JV partner Frontier Car Group. The investment will be made over the next two years, it announced in an official statement. The move is part of the company’s efforts to capture a dominant market position in Southeast Asia’s largest… Continue reading Indonesian used car platform BeliMobilGue gets $30m, names OVO director as CEO
SG Bike to buy Mobike’s Singapore licence for $1.85m
Singapore-based bike-sharing startup SG Bike has inked a $1.85-million (S$2.54 million) deal to acquire Chinese startup Mobike’s license to operate 25,000 shared bikes in the city-state, according to a stock exchange disclosure last week. The SGX announcement was made by Singapore-based urban planning and civil engineering company ISOTeam, which owns 51 per cent of SG… Continue reading SG Bike to buy Mobike’s Singapore licence for $1.85m
Bounce nears closing $200m round led Accel, B Capital, others: Report
Indian bike rental startup Bounce is close to finalising a $200-million funding round from existing and new investors, TechCircle reported. Existing investors Accel US and B Capital Group, a global technology fund led by Facebook co-founder Eduardo Saverin, are expected to contribute a large chunk of the amount while a US-based venture capital firm may… Continue reading Bounce nears closing $200m round led Accel, B Capital, others: Report
SoftBank co-leads $17.6m investment in Brazilian used car platform Volanty
Brazil’s digital used car portal Volanty has received an infusion of 70 million reais ($17.6 million) from venture capital funds led by Japan’s SoftBank and Kaszek of Argentina. The funds, which were also joined by Monashees Capital+ and Canary, are betting on a fast-growing market for second-hand cars that has a turnover of 400 billion… Continue reading SoftBank co-leads $17.6m investment in Brazilian used car platform Volanty
Asia Digest: PH’s VESL wins ‘She Loves Tech’ competition; Baidu to deploy robo-taxis in China
Manila-based fintech trade finance startup VESL has won the ‘She Loves Tech’ competition that is the world’s largest startup platform for women and technology. In a separate development, tech giant Baidu and car maker Hongqi are working together to deploy as many as 10 robo-taxis in Changsa in China. Manila’s VESL wins ‘She Loves Tech’… Continue reading Asia Digest: PH’s VESL wins ‘She Loves Tech’ competition; Baidu to deploy robo-taxis in China