Vietnam’s accounting automation startup Bizzi.vn raises seed funding led by 500 Startups

Vietnam-based accounting automation startup Bizzi.vn has raised an undisclosed amount of seed round funding, led by 500 Startups, with participation from unnamed angel investors.

The company is focused on helping accountants automate financial processes like pay bill, approvals, receipt scanning, compliance, and book-keeping using its RPA (robotic process automation) technology.

The startup claims that it can cut the cost and time that businesses spend on daily financial processes by 80 per cent.

Also Read: What can food-agritech startups and SMEs do for business continuity amidst the pandemic?

“This new funding will allow us to accelerate growth toward our vision that every accountant should spend their time advising and crunching the numbers instead of doing manual work,” said Nghia Vu, Co-founder of Bizzi.

Since its launch in Vietnam in late 2019, Bizzi has managed to attract clients from small businesses to large-scale enterprises in various sectors, some of which include DKSH, 3A Nutrition, GS25, among others.

Singapore’s agritech accelerator Grow launches Food Bowl programme

Grow, an agritech accelerator backed by Enterprise Singapore, AgFunder and Dole, has launched a new 12-week startup programme.

Called Singapore Food Bowl, the programme aims to build innovative solutions for challenges, such as yield predictions, food waste reduction and packaging alternatives, according to TechInAsia.

Interested startups may apply until June 7 this year.

Only applicants from the Asia Pacific with a minimum viable product can enter the programme.

Indian food delivery companies Zomato, Swiggy cut staff

Swiggy and Zomato, two of the leading food delivery companies in India, have laid off employees, according to LiveMint.

Swiggy’s Co-founder Sriharsha Majety said in a message to its employees on the company’s blog on Monday that the core food delivery business had been “severely impacted” by the COVID-19 pandemic.

Competitor Zomato is also going through layoffs and is cutting about 13 per cent of its workforce.

“Our business has been severely affected by the COVID lockdowns,” Zomato CEO Deepinder Goyal said in a note to employees, as reported by The Economic Times.

“A large number of restaurants have already shut down permanently, and we know that this is just the tip of the iceberg. I expect the number of restaurants to shrink by 25-40 per cent over the next 6-12 months. What happens, for better or worse, is anybody’s guess,” Deepinder Goyal, CEO of Tomato.

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