Vietnam’s OnPoint brings in US$8M funding to help consumer brands establish e-commerce presence
Vietnam based e-commerce enabler OnPoint has secured US$8M in a Series A round of financing, led by Kiwoom Investment and Daiwa-SSIAM Vietnam Growth Fund II L.P, according to KrAsia.
The company will use the funds for hiring and developing data-driven capabilities.
OnPoint currently has several dozen clients, including L’Oreal, Shiseido, P&G, Rohto, Beiersdorf, Unilever International, Watsons, Kimberly-Clark, Unicharm, CJ Group.
Former C-level executives of Lazada, Quang and Le Xuan Long started OnPoint to empower consumer brands to grow and thrive in the fast-paced ecosystem.
“We see ourselves not just as an extending arm in online demand creation and demand fulfilment, but also a strategic partner for brands who helps facilitate their multitude interactions with online netizens,” said Quang.
Bugworks announces US$7.5M in fresh funding to tackle future pandemics
Bengaluru and Delaware-based biopharma startup Bugworks has announced US$7.5M in fresh funding, led by University of Tokyo Edge Capital, Global Brain Corporation, and South Africa-based Acquipharma Holdings, according to The Economic Times.
The fresh funds will be used by the company to complete its phase-1 studies for GYROX series intravenous drug candidate, which is a drug said to be effective against bacterial superbugs and commonly used antibiotics.
According to Anandkumar, CEO of Bugworks, the new money will also help support the firm’s mission to be better prepared for future pandemics.
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“This new financing is an endorsement of our team and differentiated anti-microbial resistance (AMR) assets, as we bring reputed global investors to aid our mission of pandemic preparedness by defeating superbug infections,” he said.
Bugworks last raised US$9 million Series A in August 2018, which was led by University of Tokyo Edge Capital.
Indusface raises US$5 million from Tata Capital Growth Fund II
Indian SaaS startup Indusface has raised US$5 million in funding from Tata Capital Growth Fund II, according to a company statement.
The latest funds will be used by the company to grow its user base and accelerate its product innovation plans.
“We believe that the cybersecurity market will continue to see significant growth as securing digital assets becomes a priority with the increased salience of digital business processes and the consequent reliance on a trusted “digital assurance” provider like Indusface,” said Akhil Awasthi, Managing Partner, Tata Capital Growth Fund.
Indusface is an application security SaaS startup that helps organisations protect their web and mobile applications.
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Image Credit:Markus Spiske
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