A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
QIU (2016, Jakarta) – Mobile messenger with built-in personal assistance. Global comparable include Emu (2012, Palo Alto, $1.5M) and Dong.me (2015, Beijing).
GlucoShine (2017, Singapore) – Wearable non-invasive glucose monitoring platform. Global comparable include Rspsystems (2006, Odense, $5.1M) and NIRLUS (2005, Lubeck, Null).
SEA – FUNDING UPDATES
Kredivo raises new funding
Kredivo (2015, Bangkok), a short term loans provider for e-commerce purchases, raises an undisclosed amount in undisclosed Series from Jungle Ventures and NSI Ventures.
Drivemate raises funding
Drivemate (2016, Bangkok), an online P2P rental platform for cars, raises an undisclosed amount in seed funding from 500 Tuk Tuks and Dtac Accelerate.
Hoppler raises funding
Hoppler (2004, Makati), an online marketplace for buying, selling and renting real-estate properties, raises an undisclosed amount in undisclosed Series from Frontier Digital Ventures.
Wootag raises funding
Wootag (2014, Singapore), an interactive video marketing tool provider, raises $2.7M in pre-Series A from Euco Investment, Wavemaker Partners & SPRING Singapore, and other investors.
SolarHome raises funding
SolarHome (2016, Yangon), a provider of residential solar systems for rural areas, raises $625k in Seed funding from Uberis Capital, Beenext VC and other regional investors.
WisePass raises funding
WisePass (2014, Ho Chi Minh City), a subscription based daily membership pass for listed restaurants and beverages, raises $400k in Seed funding from Expara Ventures.
SEA – RECENT DEVELOPMENTS
Grab partners with Singapore Airlines
Grab partners with Singapore Airlines to turn GrabRewards into air miles.
AdAsia acquires FourM
AdAsia acquires FourM for $14.5M.
Kioson raises funding
Kioson officially listed on IDX.
iSelect acquires iMoney
iSelect acquires majority stake in iMoney for undisclosed amount.
Grab makes larger ecosystem play with Drive.ai and oBike deals
Grab makes larger ecosystem play with Drive.ai and oBike deals.
Vertex Ventures raises funding
Vertex Ventures, the venture capital arm of Temasek Holdings Pte, completes biggest fundraising for $210M.
Singapore, Thailand mull e-payment alliance in digital push
Singapore, Thailand mull e-payment alliance in digital push.
Berrykitchen.com raises funding
Berrykitchen.com plans to raise $3M in Series B from Cynthia Tengarra.
Grab Indonesia expands service to 75 Indonesian cities
Grab Indonesia expands service to 75 cities across Indonesia including Banda Aceh and Jayapura.
Tokopedia and Uber join hands for merchant deliveries and payments
Tokopedia and Uber join hands for merchant deliveries and payments.
Credera Goup raises $100M private equity fund
Credera Goup raises $100M private equity fund.
iMyanmarHouse.com receives over 50% in soft commitments for a new $5M venture capital fund
iMyanmarHouse.com receives over 50% in soft commitments for a new $5M venture capital fund.