Posts in Category: funding

Danadidik Raises Seed Funding from Singapore Investor

Danadidik Announced Seed Funding from Garden Impact/ SWA

 

Danadidik, a startup providing loan solutions for students in the form of peer to peer lending announced has received seed funding from Singapore-based investors, Garden Impact Investments Pte Ltd.

The amount of funding is not mentioned. The funding will be used by the Danadidik to scale up their operations, improve service quality, and invest in technology.

Dipo Satria, Co-founder and CEO of Danadidik explained that this investment makes them enthusiastic to help educational disadvantaged in Indonesia.

“With this investment, we are incredibly excited to be able to impact more underprivileged students’ lives. We’d like to invite more local corporations and family offices to get involve to

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Helpster Raises Pre-Series A Funding

Helpster that Matches Employers with People Seeking Temp Job / Helpster

 

Helpster announced has received A Series funding of US $ 2.5 million (around Rp33.9 billion). This investment was led by Mojo Partners and Wavemaker Partners. This investment announced on Tuesday (12/12) and informed that company’s total funding to US$5 million.

Helpster is a Thai startup that connects companies that need workers with job seekers in sales promotion, food and beverage (F & B), hospitality, and events for both permanent and contract employees. Their service is similar to CornerJob in Europe. This is a new trend called on-demand worker due to the trend of gig economy.

Helpster helps companies get quality workers

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Bangkok-based Giztix Raise Series A Funding

 

A startup logistic from Thailand Giztix announces Series A funding from AddVentures. AddVentures is a subsidiary of Siam Cement Group (SCG). Giztix will make an official announcement on November 21st to reveal further details including its growth strategy following the fundraise. Morover, partnerships & roadmaps will be announced to how Giztix will digitize Thailand’s Logistics 4.0.

“The investment focuses on developing and digitising logistics industry in Thailand and Southeast Asia countries, and it aims to help Giztix  growing ten times in the next 24 months,” the company wrote in the post.

Giztix is an online marketplace for worldwide logistics services, bridging the gap between shippers (people who need to get things moved) and transporters

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IDX Suspends Temporary Trade for Kioson Stocks

 

The Indonesia Stock Exchange (IDX) suspended the trading of PT Kioson Commercial Indonesia Tbk (code: KIOS) shares and I-KIOS-W Series Warrants in today’s trading.

IDX dropped the suspension due to a significant cumulative price increase in KIOS shares. Kioson stock price jumped up almost to 700 percent.

“The decision was taken in the framework of cooling down,” said IDX Control Supervisory Board Irvan Sudandy quoted from the information disclosure, on Tuesday (17/10)

The temporary suspension of KIOS shares and warrants series I KIOS-W is for in the Regular Market and Cash Market. The goal is to allow time for stock investors to consider carefully based on information before investing in KIOS shares and series I warrants KIOS-W.

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Aucfan Invests in Thai’s Real Estate Marketplace Hipflat

Hipflat, A Thailand-based Online Real Estate Search Startup

 

Bangkok-based real estate market Hipflat announced yesterday (10/10) that it has raised an undisclosed amount of funds from Aucfan, Japan’s largest online auction price analytics and search platform. Investment in Hipflat is Aucfan’s first investment in the Thai market and also in the real estate marketplace sector, according to a company statement.

The Thai company said it will use the funds to introduce new innovative products aimed to increasing transparency in emerging property markets.

Previously, the startup has raised a seed funding round of US$335,000 from Crystal Horse and 8Capita in September 2013, followed by an undisclosed bridge round with participation of

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ANGIN Launched Connector.id to Help Startups, Indonesian SMEs, and Social Enterprises

The Indonesian Angel Investment Network (ANGIN) announced Connector.id for startups and entrepreneurs. Connector.id is a platform that bridges entrepreneurs in needs of funding to the most suitable capital providers. Connector.id aims to provide essential learning materials to help Indonesian entrepreneurs engage with these capital providers.

United Nations Development Program (UNDP) and ANGIN formed partnership to create Connector.id. BEKRAF and Government of Canada also supported the initiatives. The parties involved acknowledge that entrepreneurs need a transparent, efficient, and faster solution to support access relevant capital.

In order to get a suitable result, Connector.id will continuously update the matching algorithm. Upon completion of the online application, Connector.id will indicate the 3 most suitable capital provider category.

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Tokopedia Raised $1.1 Billion New Funding Led By Alibaba

William Tanuwidjaya, Tokopedia CEO and Co-founder, delivered his speech in Tokopedia’s 8th Anniversary

 

Tokopedia, one of the biggest marketplace company in Indonesia, recently announced $1.1 billion new funding round. Alibaba, e-commerce giant from China, leads the funding as the company wants to accelerate expansion in Southeast Asia market. Tokopedia also announced that Alibaba has become minority shareholder and that existing shareholders also participated in the round.

According to Tokopedia’s release, the partnership will enhance the scale and quality of Tokopedia’s offerings to its customers. In addition, this partnership will also make it easier for merchants and partners to do business across the archipelago and beyond.

“We have always thought of Alibaba

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Traveloka Raised $500 Million New Investment and Revealed Expansion Plan

Traveloka announced around $350 million new investment from Expedia, Inc. at the end of July this year. Traveloka, Indonesian flight search engine company, also received $150 million investment from East Ventures, Hillhouse Capital Group, JD.com, and Sequoia Capital within the last year. This new investment is mutual for both Expedia and Traveloka. Expedia, a global online travel agency, wants to deepen their expansion to Southeast Asia market. Meanwhile, Traveloka are working with Expedia to expand services in Asia and beyond.

Ferry Unardi, Co-founder and Chief Executive Officer of Traveloka, said that the partnership will allow Traveloka to access more unique and diverse set of accomodations. “Partnering with the world’s leading online travel company will allow us

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Ride-hailing Services Competition Heats Up in Southeast Asia with New Investments

Thailand, one of the countries in Southeast Asia/Pexels

Grab, Singapore-based ride hailing platform, announced their new funding last month. DiDi Chuxing and SoftBank Group Corp led the round which gathered around $2 billion. Go-Jek, ride-hailing platform from Indonesia, also received funding led by Tencent, a Chinese based internet giant. The funding round has raised around $1.2 billion in May 2017.

In Indonesia alone, Grab goes against Go-Jek and Uber as the competitors. With Go-Jek new investment, the competition heats up as the company also hinted the plan to expand their service accross Southeast Asia market last year. Uber, despite retreating from China’s market, continues to

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Garena Rebrands to Sea After Secures US$550 Million New Funds

Garena Headquarters in Singapore / Garena

 

Singapore-based and one of Southeast Asia’s biggest tech startups, Garena, changed its name and brand to Sea Ltd. The rebrand was made after company got the latest funding worth US$550 million (about Rp7.3 trillion). Sea’s funding and rebranding comes as it is reportedly preparing for an IPO that may raise US$1 billion. Founder and CEO, Forrest Li said the company’s new name is also an acronym and reflected to its focus for Southeast Asia.

According to a Bloomberg report this investment is followed by a number of investors, known as Farallon Capital Management, Hillhouse Capital, Cathay Financial Holding Co., and food conglomerate company Uni-President Enterprises

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