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Afternoon News Roundup: SPH, Snapask partner for online learning; Swiggy amasses US$43M

 

Singapore Press Holdings, Snapask partner to offer students support for online learning

SPH, a media organisation based in Singapore has partnered with online learning website Snapask to offer students support for online learning.

Snapask will be providing over 10,000 free subscriptions for Singaporean students of all levels, while SPH is offering students 14 days online access to all news content by its flagship publication The Straits Times.

Snapask has offered similar services in Taiwan, Japan, Korea, and Indonesia amid the virus outbreak.

“Education is a vital part of our society, and we are honoured to collaborate with SPH to contribute via this subscription pledge,” said Timothy Yu, founder and CEO of Snapask.

Indian food delivery startup Swiggy raises US$43M from Tencent

Bengaluru, India’s food delivery startup Swiggy has raised US$43 million in new funding led by Tencent, according to TechCrunch. Ark Impact, Samsung Ventures, Korea Investment Partners and Mirae Asset Capital Markets, also joined the investment for this round. This round reportedly brings the company’s valuation to US$3.6 billion.

The new capital will be used for Swiggy’s expansion into grocery delivery services in select parts of the region.

“As we continue to strengthen and expand our services that offer unparalleled convenience to our consumers, we are humbled by the faith shown by our investors year-on-year and welcome the new investors on board. Our focus remains to execute on our vision while building a sustainable path to profitability,” said Rahul Bothra, CFO at Swiggy in a statement.

Agritech platform DeHaat bags US$12M in a Series A growth round

The Indian agritech platform DeHaat has raised US$12 million in a Series A round according to YourStory. The round was led by Sequoia Capital with participation from FMO, and existing investors Omnivore and AgFunder.

With the added capital the company aims to automate its supply chain and develop its data analytics further to increase supply chain efficiency.

Founded in 2012 by Shashank Kumar, Amrendra Singh, Adarsh Srivastav, Shyam Sundar Singh, and Abhishek Dokania, the AI-enabled platform provides end-to-end solutions and services to the farming community in India.

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These include distribution of high-quality Agri inputs, farm advisory, access to financial services, and market linkages for selling produce.

Image Credit: Unsplash

 

 

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