Tag: Asia
Indonesian agritech platform TaniHub Group harvests a $65.5M Series B round
TaniHub Group, an Indonesian startup that helps farmers get better prices and more customers for their crops, has raised a $65.5 million Series B. The funding was led by MDI Ventures, the investment arm of Telkom Group, one of Indonesia’s largest telecoms, with participation from Add Ventures, BRI Ventures, Flourish…
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Rakuten and Beyond Next invest $1.4M seed funding in farm-to-table startup Secai Marche
Farmers and food businesses, like restaurants, deal with the same issue: a fragmented supply chain. Secai Marche wants to streamline agricultural logistics, making fulfillment more cost-efficient and enabling food businesses to bundle products from different farmers into the same order. The company is headquartered in Japan, with operations in Malaysia,…
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Korean proptech startup Dongnae gets $4.1M seed extension led by NFX
The real estate market in South Korea is very fragmented, which means people often have to work with dozens of brokers before they find a new home. Founded in 2020 by a former WeWork executive, Dongnae wants to create a centralized base for brokers, serving as a multiple listing system…
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ByteDance founder Zhang Yiming to step down as CEO by end of 2021
Zhang Yiming, the storied co-founder of ByteDance, is stepping down from his role as the CEO and passing the torch to Liang Rubo, another co-founder of the TikTok parent and one of the world’s most valuable internet juggernauts. In an internal letter to employees, 38-year-old age Zhang said he is…
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Philippine e-commerce enabler Great Deals raises $30M Series B led by logistics firm Fast Group
Steve Sy, CEO of Great Deals, and William Chiongban II, CEO of Fast Group, sign the contract for the companies’ strategic partnership. Image Credits: Great Deals Founded in 2014, Great Deals is an e-commerce enabler that helps brands like Abbot, L’Oreal and Unilever build their online retail operations in the…
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PhonePe in talks to acquire Indian app store Indus OS
Walmart-backed Indian payments services firm PhonePe is in advanced stages of talks to acquire Samsung-backed Indus OS, a startup that operates an eponymous third-party Android app store, a source familiar with the matter told TechCrunch. The deal values Noida-headquartered Indus OS at $60 million, the source said, requesting anonymity as…
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