Tag: Asia
Food delivery firm Zomato surges 65% in key India debut
Shares in Zomato, a Gurgaon-based food delivery company and first of India’s consumer tech startups to go public, closed up 64.7% in its debut day of trading in Mumbai, delivering a key insight into the appetite investors have for the world’s second largest internet market’s burgeoning startup ecosystem. Zomato’s shares…
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India’s BlackBuck valued at $1 billion in $67 million fundraise
India’s trucking system has a big inefficiency problem that continues to drag the economy. BlackBuck, one of the handful of startups that is digitizing the freight and logistics across India, has just attained the unicorn status after securing new funds. Tribe Capital, IFC Emerging Asia Fund and VEF led the $67…
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Indonesian B2B marketplace GudangAda raises more than $100M in new funding
GudangAda founder and chief executive officer Stevensang GudangAda, a Jakarta-based marketplace that brings wholesalers closer to retail stores and other buyers, announced it has closed a Series B of more than $100 million. The company says the round was oversubscribed, passing its initial target of $75 million. The funding was…
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Indonesia “sea-to-table” platform Aruna hooks $35M led by Prosus and East Ventures Growth Fund
When Aruna’s founders first met at university, they wanted to find a way to use their studies in information technology to help family members who were running small fisheries. Indonesia is one of the world’s largest fisheries producers, but the industry is very fragmented. This means fisheries, especially small ones,…
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UTEC launches a new initiative to help deep-tech founders commercialize their work
The University of Tokyo Edge Capital Partners (UTEC) is launching a new program to address a problem the venture capital fund says many deep-tech founders face. They may raise pre-seed capital from an incubator or accelerator program, but reach a funding gap before moving on to early-stage rounds. Without financial…
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India’s GlobalBees raises $150 million to build Thrasio-like house of brands
The universe of Indian firms attempting to replicate Thrasio’s success in the world’s second largest internet market just got bigger. Three-month-old GlobalBees said on Monday it has raised $150 million in a Series A financing round led by FirstCry. Lightspeed Venture Partners also invested in the new financing round, which…
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