Indonesian e-wallet Dana raises US$554M from Sinar Mas, Lazada
This brings DANA’ valuation to US$1.3 billion; Dana said that it has acquired more than 115M users and processed over 10M daily transactions; According to its CEO Vincent Iswara, the presence of new investors will help add more services and improve its tech scalability.
Emtek mulls IPO for OTT platform Vidio
Emtek holds 79.37 per cent stake in the OTT platform through its subsidiary SCM in Vidio; The Indonesian conglomerate is also a top shareholder of IDX-listed Bukalapak.
Atome banks US$100M HSBC debt facility
It will support the fintech company’s efforts to expand and strengthen its presence in Asia; Atome is a buy now, pay later platform that works with over 15,000 retail partners across 10 Asian markets.
Aramco’s VC arm leads US$35M round of HK’s Insilico Medicine
Besides Prosperity7 Ventures, Warburg Pincus, B Capital Group, and Qiming Venture also joined; Insilico uses AI to discover and develop drugs for cancer, fibrosis, central nervous system diseases, and ageing-related diseases.
Indian crypto firm CoinSwitch Kuber launches US$10M Web3 fund
It aims to incubate up to 100 Indian early-stage startups building blockchain solutions; The crypto firm said it has over 18M users: In April 2021, CoinSwitch raised US$25M Series B led by Tiger Global.
Indonesian digital pharmacy Lifepack raises US$7M
Investors include Golden Gate Ventures; Lifepack aims to provide quality and affordable medicine for patients. Besides OTC drugs and general supplements, the company also offers medication for chronic diseases.
Expedock banks US$13.5M to allow supply chain brands to transform paper docs into data
Investors include Insight Partners, Neo and Pear, and angels; Expedock uses AI to transform paper documents into data, quickly classify them, and bring them into existing freight forwarder tools.
‘DAOs aren’t different from community-building efforts seen in Web2’
Anyone can start a DAO; all you need is a group of people with a shared bank account, explains Web3 expert and Menyala executive Siddharth Krishnan.
Traveloka ex-CMO’s healthtech startup Diri Care closes US$4.3M seed round
Investors include East Ventures, Sequoia India, Surge, and Henry Hendrawan; Indonesia-based Diri Care is an on-demand, one-stop digital clinic for skin, hair and intimate health conditions.
Singapore pet care startup ZumVet closes US$3.7M Series A
Investors include Quest Ventures, Pine Venture Partners, and Pentepebble; Aimed at making pet care accessible and affordable, ZumVet offers remote care options and self-administered diagnostics and treatment programs across SEA.
ProfilePrint adds food supplies giant Cargill to its cap table
ProfilePrint predicts the quality and profile of a food sample “within seconds”; Over the last six months, Cargill has completed pilots with ProfilePrint’s solutions across its portfolio of ingredients.
Techstars, Crestone VC join Filipino HR-tech startup Betterteem’s financing round
Betterteem predicts employee churn, provides on-demand mental health support to them, and is a digital community platform to influence their experience positively.
Social finance platform Ethis relaunches angel investor group
The ESA Syndicate is by invitation only for angel investors who aim to back startups focusing on the Muslim world and halal sectors; It’ll have a “special interest” for the fintech, agritech, and halal food distribution industries.
Gobi-backed startup Avana’s co-founder Luqman Adris passes away
It is understood from a former colleague and investor that Adris had been suffering from a severe illness; Avana helps businesses automate transaction processes on social media and instant messaging platforms.
GoTo launches food delivery service on Tokopedia
Currently, the service is available in the Greater Jakarta area; The rollout of this service will allow users to search for food options on Tokopedia, while GoFood merchants can reach a wider audience.
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The post Ecosystem Roundup: Dana raises US$554M, turns unicorn; Atome banks US$100M debt facility; Emtek mulls IPO for Vidio appeared first on e27.