Decided through a vote in the e27 Telegram Group, Startup of the Month is an initiative to highlight an important milestone that a startup has made in one particular month.
In one of those rare occasions, the e27 Community on Telegram had voted for two startups to win the Startup of the Month title.
Securing both 40 per cent of votes by the time this article was published, Myanmar’s Kone Si and Singapore’s Tookitaki have made headlines in November with their own unique milestones.
Also Read: Startup of the Month, October: Indonesia’s Crewdible
A voice from emerging market Myanmar, transportation tech startup Kone Si recently announced a six-digit investment for nationwide expansion from Yangon Capital Partners (YCP), a Myanmar-focused venture capital under Trust Venture Partners, and Nest Tech– a Vietnam-based venture capital company, as reported by local media.
This is the second round of investment for Kone Si after it initially received pre-seed funding from Phandeeyar in 2017.
A regulatory tech company, Tookitaki announced a US$1.7 million extension of its Series A funding round led by Viola Fintech, an Israeli US$100 million cross-stage venture fund, and SIG, a global venture firm with early to mid-stage investments in over nine Asia-founded unicorn startups. The investors were joined by Nomura Holdings through its venture capital arm (Nomura Incubation Investment Limited Partnership) as well as existing investors including Illuminate Financial, Jungle Ventures, and Spring SEEDs Capital, an investment arm of the Singapore government.
With the new funding, Tookitaki expects to enhance its product offerings, help around research and development, recruitment, and to drive its global expansion effort to the US and Asia Pacific.
Congratulations to both winners!
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Image Credit: Pietro Rampazzo on Unsplash
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