Digital Commerce Intelligence receives US$706K from Velocity Partners
Singapore-based AI startup, offering real-time e-commerce data Digital Commerce Intelligence (DCI), has received US$706,000 in a funding round, led by Athens-based Velocity Partners, according to KrAsia.
The new funds will be used to scale DCI’s services across Southeast Asia.
“What makes a brand a leader is often the wise use of data. This is particularly true in e-commerce, where the pace and dynamics of trade are so much faster than any other commercial channel,” said Kyriakos Zannikos, Founder of DCI.
Indonesia Government, Cakap team up to develop skills related to tourism and creative sector
The Indonesia Ministry of Tourism and Creative Economy has teamed up with a live tutoring startup Cakap to empower tour guides and professionals in the hospitality sector to develop English language skills.
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The COVID-19 crisis has already hit tourism in Indonesia with a significant drop in hotel occupancy to 40 per cent, according to an article published by katadata.id. However, the government believes that language is a vital element to support and speed up the post-pandemic recovery in the tourism sector.
“Especially with the decline in activity in the tourism industry, this could actually be a golden opportunity to improve skills for workers in the tourism sector,” Tomy Yunus, Founder of Cakap, said in a statement.
Logistics SaaS platform FarEye raises US$25M Series D
India-based logistics SaaS platform FareEye has announced a Series D investment of US$25 million, led by M12 (Microsoft’s venture fund).
Eight Roads Ventures and Honeywell Ventures also participated in the round.
The new capital will be used to enhance the FarEye’s predictive capabilities and further accelerate growth in Europe, APAC and the US, it said in a statement.
FarEye enables companies to orchestrate, track, and optimise their logistics operations.
SBA, BEST launches Blockchain Association Singapore to bolster collaborations through blockchain
The Singapore Blockchain Association (SBA) and the Blockchain, Enterprise and Scalable Technologies (BEST) have merged together to launch Blockchain Association Singapore to encourage collaborations through blockchain, according to a company statement.
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BAS will be the centre that will spur engagements and collaborations through the use of blockchain to drive business growth and build a sustainable pipeline of talents for the digital economy.
“Singapore has become a burgeoning hub for blockchain and there is a need for an industry push to facilitate and encourage the development of new and existing players in this space. I am confident that the establishment will add more vibrancy and support to the current ecosystem while providing guidance for enterprises who are keen to adopt blockchain solutions,” said Chia Hock Lai, Co-chair of BAS.
Filipino cloud kitchen startup CloudEats raises US$1.4M for expansion
The Philippines-based cloud kitchen company CloudEats has raised US$1.4 million in seed funding, according to TechInAsia.
The round was led by local family offices in real estate and food and beverage industries. Regional angel investors also participated in the round.
CloudEats claims that food brands in its platform offer 15 per cent to 20 per cent cheaper rates compared to competitors. “As we grow, we may be potential customers for the growing cloud kitchen companies and enhance the food delivery ecosystem further,” said Kimberly Yao, Co-founder of the startup.
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Image Credit: FarEye, Pixabay
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