Ecosystem Roundup: Blibli plans to raise US$500M in IPO; Eurazeo launches US$215M insurtech fund for SEA; Kaodim shuts down

Blibli plans to raise US$500M in imminent Indonesia IPO
The Djarum Group-backed company plans to raise at US$4B pre-money valuation; The potential listing could take place in June-July; As part of the plan, Blibli and Ticket.com will merge and conduct the IPO together as one group.

Malaysia’s services marketplace Kaodim shutters operations
The prolonged lockdowns during the pandemic and the resulting operational disruptions, labour shortages, and higher running costs significantly impacted the business; Its backers include 500 Startups, East Ventures, and Venturra.

Grab backer Eurazeo sets aside US$215M for SEA insurtech fund
The fund is targeting growth-stage startups at their series B or C rounds with cheque sizes of US$10-20M; Indonesia and Thailand are some of the fund’s priority countries.

MoEngage nets US$77M Series E led by Goldman Sachs, B Capital
MoEngage will use the capital to deepen its geographic footprint in the US, the UK, and Asia and explore strategic acquisitions; In the last 12 months, MoEngage claims to have grown ARR by 105%+, added 500 new customers.

Binance VC arm closes US$500M fund for Web3 projects
Investors include DST Global and Breyer Capital; Binance Labs has invested in over 100 projects, spanning 25 countries, since 2018; Axie Infinity, Elrond, Polygon, and The Sandbox are among its portfolio.

Indonesia’s social commerce startup Super banks US$70M Series C led by NEA
Other investors in the round include Insignia, SoftBank Asia, DST Global, Amasia, B Capital, and TNB Aura; Super will use the money to develop new FMCG private-label brands in the next several years and launch cosmetics products.

SG family office Silverstrand Capital launches biodiversity accelerator
At the end of The Biodiversity Accelerator+’s three-month online programme, participants can unlock investments of up to US$250K each; The firm targets eight companies for the first cohort.

Japans’s Akatsuki launches US$20M Web3 fund
The Emoote fund will focus on early-stage investing that includes seed capital, mainly in Asia (50 per cent) and the US (40 per cent); Emoote has invested in more than 20 projects so far.

Matrixport betting big on NFTs, blockchain gaming to expand its cryptocurrency financial services
Matrixport provides services, including Cactus Custody, spot OTC, fixed income, structured products, lending, and asset management.

500 Global opens doors for 2022 Taiwan accelerator
The accelerator program has openings for 20 tech startups, with registrations scheduled to run from June 1 to July 1 this year; The programme seeks tech-focused or tech-enabled startups at the pre-seed or seed stage.

HitPay raises US$15.75M Series A to expand its payment gateway biz in SEA
Investors include Tiger Global, Global Founders Capital and HOF Capital; HitPay provides solutions such as local and cross-border payment acceptance and payouts, an online store platform, POS software, plugins, and payment links.

Indonesia’s social ecommerce platform Dagangan bags US$6.6M funding
Investors include BTPN Syariah and a subsidiary of Sumitomo Mitsui Banking; The firm will use the money to expand its presence in more rural areas across Java, and also enhance its product development as it looks to offer products beyond physical goods.

Singapore crypto firm Cloudwall bags US$6.3M in seed round
Lead investors are LocalGlobe and Illuminate Financial; Cloudwall’s Serenity provides institutional investors with the risk management insights to effectively build portfolios and manage risks inherent in digital assets.

Privyr raises US$6M Series A to help B2C firms convert leads right from their phones
Investors are MassMutual Ventures, Vulcan Capital, and Wavemaker Partners; Privyr is a mobile-first sales productivity and workflow management tool which is used by 45K sales professionals across 75+ countries.

Ringkas raises US$2.3M pre-seed round to create 100M new homeowners in SEA
Investors include 500 Global, Iterative Capital, Creative Gorilla Capital, Teja Ventures, and Init-6; Ringkas aims to solve the housing problem by digitising the value chain and creating an intelligent platform that would simplify the process.

Coins.Ph Co-Founder Ron Hose’s new NFT rental marketplace Playdex nets US$2M
Investors are PDAX, OrangeDAO, Buko Ventures, Justin Mateen, and others; On Playdex, metaverse gamers can play and earn immediately without buying expensive NFTs.

Singapore co-working firm Found8 to exit Malaysia
ts KL Sentral location, which opened in the fourth quarter of 2019, was Found8’s first venture outside Singapore; The co-working sector in Malaysia has been hit especially hard by the country’s prolonged movement control orders.

Ex-Gojek, Oyo execs’ agritech startup Eratani bags US$1.6M in pre-seed
Investors include Trihill Capital, Kopital Network and Kenangan Fund; The Indonesian startup helps farmers improve land efficiency, acquire farming supplies, manage their harvest, and get access to loans.

HK think tank’s edutech venture Gift.ed bags US$1M in pre-seed round
The investor is IMC Pan Asia Alliance; It will incorporate the think tank’s existing publications and executive education curriculum, which is based on 15 years of leadership programmes and workshops.

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