Indonesian rural e-commerce startup Dagangan received $6.6 million last week from investors, including BTPN Syariah Ventura and Monk’s Hill Ventures.
BTPN Syariah Ventura is the venture capital arm of Indonesia’s Bank BTPN, which is a subsidiary of Japan’s Sumitomo Mitsui Banking Corporation (SMBC). It contributed $5.2 million to the round.
The capital infusion is part of Dagangan’s pre-Series B round, which was announced in June last year.
The startup operates micro fulfilment centres in tier-3 and -4 cities to provide items of daily necessity to underserved rural areas while also providing local producers with the opportunity to sell to consumers in tier-1 and 2 cities.
Top shareholders in Dagangan
Singapore-based waste management company Blue Planet Environmental Solutions bagged over $30 million last week from Marshall Islands-incorporated Bavisi Investments, angel investor Satish Bakhda and Intertwine Ventures, a vehicle backed by the Blue Planet founders.
In addition, Intertwine bought out another shareholder in the firm to increase its stake. Blue Planet’s other backers include Nomura, which announced a $25 million investment in the firm in 2020.
Other updates from DATA VANTAGE
Tentang Anak, a parenting tech company based in Indonesia, has secured $4.2 million in fresh funding from Sequoia India’s Surge and other investors. The all-in-one parenting platform was launched in 2020 by paediatrician Mesty Ariotedjo and Tokopedia alum Garri Juanda.
Juniper Biologics, a speciality healthcare company focused on commercialising novel therapies, received $2.5 million from UOB Venture Management last week. The Sylvan Group-backed company moved its global headquarters to Singapore in September last year.
Singapore-based robotics firm LionsBot has bagged $17.4 million so far in a Series A funding round. The round comprises fresh equity funding and the conversion of notes issued previously. The latest financing gives the company a pre-money valuation of $80 million.
Neurowyzr, a company that focuses on enabling early detection, diagnosis, therapy, monitoring and prevention of brain decline, has closed an over $3 million funding round backed by Jungle Ventures.
Healthtech startup Respiree received a little over $932k last week from the Oriza Greenwillow Technology Fund, a joint vehicle of China’s Oriza Holdings and Singapore-based Greenwillow Capital Management.