The funding round for Triplogic is the latest in the Indonesian logistics tech sector in the past few months
Indonesian logistics startup Triplogic today announced an undisclosed seed funding round from venture capital firm East Ventures.
The Bandung-based startup plans to use new funding to support product and tech development.
It will also use the funding to expand its logistics network by partnering with small- and medium-sized entrepreneurs (SMEs) to become their drop shipping points.
The startup is currently working with over 1,600 SMEs and aim to add more than 15,000 drop points in 2019.
Triplogic itself is currently operating in 61 cities across Indonesia, including Jakarta, Bandung, Surabaya, Jogjakarta, and Palembang.
“Triplogic is not just an ordinary logistics company that only does parcel delivery. We are an end-to-end partner that provides logistics, parcel delivery, fulfillment, and distribution services for SMEs. As a Logistics-as-a-Service (LAAS) company, we focus on creating a strong supply chain ecosystem,” explained Triplogic CEO and Co-Founder Oki Earlivan in a press statement.
Co-founded by Earlivan, Rowdy Fatha, and Krisna Adiarini, Triplogic’s services included instant delivery by setting up drop shipping points in SMEs and local shops that feature smart lockers and drop boxes.
The funding round for Triplogic is the latest in the series of funding for Indonesia-based logistics and warehousing startups, such as Kargo and the fourth batch participants of GK-Plug and Play Indonesia.
“East Ventures has invested in a wide range of companies within the commerce and supply chain ecosystem, and we are extremely excited about how our ecosystem is starting to take shape,” said East Ventures Partner Melisa Irene.
“All the e-commerce platforms we have invested in creating value by helping customers obtain their products easily, creating a seamless online-to-offline experience; the recent example, Fore Coffee. We realised that Triplogic, as the last mile player, is the missing piece in the puzzle of our core supply chain ecosystem, and it fits perfectly,” she added.
The company is experiencing a crisis and is trying to raise enough money to get through the year
Honestbee, the grocery-delivery startup that is navigating choppy waters, has fired CEO Joel Sng, as reported by TechCrunch.
The exit of Sng means the only remaining Co-founder is Jonathan Low, who is in the engineering department. It is not immediately clear who will take over from Sng.
The Co-founder was let go amidst a full-blown crisis whereby they company shut down their operations in the Philippines, Indonesia and Hong Kong operations. They have also suspended food-delivery in Thailand.
The company plans to lay off about 10 per cent of its staff and was reportedly being pursued for a purchase by Grab. Honestbee had held acquisition talks with Grab, Go-Jek, and others in recent weeks.
Honestbee has had no issues raising money, having nabbed US$46 million over the past three years. But, TechCrunch reported a burn rate of US$6.5 million per month that appears to have come to a head this week.
The startup seems to be trying to raise enough money to get it through the year.
The future of Honestbee seems to be an offline supermarket, a futuristic store that integrates technology into an offline grocery experience.
TechCrunch previously reported that Honestbee was struggling to pay suppliers and was experiencing payroll delays. The article also stated that executives within the company were leaving.
Honestbee released a generic statement about their current struggles but has mostly refused to comment to media questions about the company’s future.
Krungsri Finnovate, Thailand-based Krungsri Bank’s venture capital arm injects an undisclosed amount into the startup’s Series A+
Krungsri Finnovate, a VC arm under Krungsri Bank, announced that it has invested into the extended Series A round of Thai customer relations management (CRM) startup Choco CRM, as reported by DealStreetAsia. Besides CRM, Choco CRM also offers point of sales (POS) services.
Prior to investing the undisclosed amount into Choco CRM, Krungsri Finnovate has invested in four startups. It previously funded blockchain and online payment unicorn Omise, fintech company Finnomena, proptech startup Baania, and AI-based banking system developer Silot.
Choco CRM targets small and medium enterprises (SMEs) with its CRM and POS solutions that offer personalised rewards and promotions. It claimed to be able to connect with the end-users through a physical card, mobile phone number, and a mobile application.
“The goal of this investment is to facilitate SMEs operators to be able to deliver financial services and to achieve business management efficiency and to have access to enhanced financial services, including Information-based Lending platform of Krungsri,” said Krungsri Finnovate managing director Sam Tanskul.
As for Choco CRM, its founder and CEO Sirasit Suriyapattanapong stated that this partnership has helped paving way for Choco CRM to access the financial services market, in addition to its current customers such as restaurants, gadgets, and fashion stores.
Krungsri will be a key driver in the development of a payment gateway for Choco CRM’s POS users.
Before securing this investment, Choco CRM had secured US$1.25 million in funding from InVent back in September 2018. InVent is the corporate venture capital arm of Thailand’s telecommunication firm INTOUCH Holdings.
Helping businesses transact faster as part of Singapore’s move towards a Smart Nation
Extensive paperwork and lengthy application processes are two major pain points cited by business owners when transacting with government agencies.
Administering a business is hard work all on its own, and business owners need to feel supported when dealing with government transactions.
Solutions for this and many other everyday issues are continually being looked at by the Government Technology Agency of Singapore (GovTech), the government’s digital transformation arm. GovTech harnesses the power of digital technologies to strengthen Singapore’s tech capability and interconnectedness within government networks, in an endeavour to improve the quality of life in the island nation.
In an effort to enable faster, fuss-free and more secure digital transactions, and as part of a greater framework to foster a Smart Nation, GovTech spearheaded MyInfo Business in 2019.
Bringing it up a notch with MyInfo Business
This digital service is an extension of the existing MyInfo platform. Personal data services found in MyInfo have now been expanded to include corporate data with MyInfo Business. Since January 2019, MyInfo Business has been in a pilot with three local banks – Development Bank of Singapore (DBS), Oversea-Chinese Banking Corporation (OCBC) and United Overseas Bank (UOB) – to facilitate speedier credit assessments for Small and Medium Enterprises (SMEs).
With the consent of the SME business owner, MyInfo Business automatically populates bank forms with business data including the basic profile of the owner, business address, UENs and names, shareholders, capital, financial highlights, grants and more. Banks retrieve the information digitally from government agencies in a secure manner, which effectively eliminates the need for paper documentation and verification, thus saving precious time for business owners.
Through MyInfo Business, banks were able to process account openings and loan applications faster, cutting down transaction time by 60 to 70 percent on average.
SMEs would also enjoy the benefit of streamlined operations, shortened application times, reduced reliance on hard copy submissions, and improved access to commercial services.
“It’s a hassle-free experience with MyInfo Business. All we have to do is login and submit already-verified information to the bank. This would have taken us days to complete in the past, but now it only requires a streamlined eight minutes to process,” said Mr Eric Chua, Chief Executive Officer at Rocket Buzzer.
A springboard for business management
Beyond the pilot, MyInfo Business APIs are scheduled for release in the second half of 2019. This would further promote the development of intuitive and convenient digital commercial services for SMEs, and is part of the Singapore government’s efforts to co-create a Smart Nation with the private sector. It is expected that around 220,000 SMEs would gain from this initiative.
Enterprises looking to offer B2B digital services via MyInfo Business can visit https://business.myinfo.gov.sg to find out more, and subscribe to the mailing list to receive updates on the service.
A national digital identity in a Smart Nation: the future and beyond
MyInfo Business is a vital component of Singapore’s National Digital Identity (NDI) platform, which also encompasses SingPass, CorpPass, and MyInfo. With NDI as a key enabler for Singapore’s Smart Nation vision, citizens and businesses alike will benefit from the growth of seamless and secure digital transactions. The NDI platform will also be a core infrastructure which industry partners can utilise to build innovative services. As Singapore gears to accelerate adoption of technology, services like MyInfo Business will contribute greatly towards a vibrant Digital Economy.
e27 TOP100 winners will be awarded a fast-track pass to compete at SLINGSHOT!
Every major city in Southeast Asia has a goal to become the major startup hub in the region. They all have their own unique characteristics — be it market size, specific industry or gaps that have not been filled by a competitor.
For Singapore, its advantage is access to capital and corporates. According to Enterprise Singapore, the city-state is home to 150 VCs that facilitated 353 deals worth US$10.5 billion. Furthermore, many corporates like Google, Facebook and Microsoft have made Singapore their APAC headquarters.
This has helped create a honeypot effect that has resulted in the city hosting over 4,000 startups employing 22,000 people.
It is in this context that Enterprise Singapore is officially opening its SLINGSHOT 2019 programme. The international pitching competition is part of the agency’s mission to “deepen efforts with global and local partners to strengthen the startup ecosystem in Singapore”.
It has also partnered with e27‘s TOP100 programme. The winning startups at Echelon Asia Summit 2019 will be fast-tracked to pitch at SLINGSHOT.
This year, the competition is introducing a few new programmes. They are as follows:
Dealmaking: The startups will be selected according to investment and co-innovation interests from judges and corporates. This means that startups can feel confident at least a portion of the prizes up for grabs. This includes S$25,000 (US$18,300) in cash and an investment opportunity from ST Engineering. FundedHere is also offering a S$200,000 (US$147,000) investment opportunity.
Startups will also have an opportunity at S$25,000 (US$18,300) from Danone, L’Oréal and Rolls-Royce.
Other non-financial prizes include 18 months of workspace at JTC LaunchPad, 3-months access to Found8 community programmes and hot-desking space and cooperation possibilities with Ascott, Philips and WeAre Group. The startups will also receive a free booth at the tech conference SWITCH.
The sale includes ownership stake in some notable businesses
Axiata Digital Sdn. Bhd. (AD), the digital services arm of Axiata Group Berhad (Axiata), announced that it has agreed to sell its Digital Ventures portfolio at a valuation of USD 140 million.
The portfolio companies currently under management are StoreKing, BIMA, FreedomPop, 11street and etobee. Co-investors that include Allianz X, Kinnevik, Millicom, LetterOne, Intel Capital, Atomico, Mangrove Capital Partners, LeapFrog Investments, and Kejora Ventures.
“The partners in Pegasus 7 understand our vision, our markets and our portfolio companies which we’ve built to focus on our ecosystem of telco and digital assets. We strongly believe this handover will ensure the assets continue to thrive through access to our customer base, joint marketing, and other synergistic activities,” said Mohd Khairil Abdullah, CEO, Axiata Digital.
Under Gautam Saxena’s leadership, founder and CEO of Pegasus 7 Ventures, Pegasus said that it will drive the growth of the portfolio. Saxena is a senior investment banker and former Head of Asia Telecom and Media with Bank of America Merrill Lynch.
“The addition of these assets to the Pegasus 7 portfolio is synergistic with our thematic focus and will serve as an enabler for our future growth path,” said Saxena.
Currently, the existing portfolio is largely focussed on companies that address the needs of underserved consumers and encompass services such as micro-insurance, online to offline (O2O)/rural commerce, e-commerce, last mile solutions for banks, and e-mobile virtual network operator (e-MVNO) segments.
Pegasus has stated that it plans to accelerate value creation by scaling these companies and enhancing their access to global financial, strategic, and operational partners.
In the meantime, Axiata Digital said that it will continue to focus on its three core verticals which include digital financial services (Boost), digital advertising (ada), and digital platform (Apigate).
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Maybe it was the youthful nature, but all 10 companies had some sort of altruistic mission
An entrepreneur pitched a product that helped deaf people with day-to-day communications. One company was educating young people about technology and another was trying to radically alter how cafes approach interior design.
At the inaugural *SCAPE HubQuarters Fellowship Demo Day, young companies spent the evening pitching to a host of judges, mentors and audience members to further validate whether or not their idea can grow into the next sexy startup story.
A major reason why these companies were in their infancy has to do with the mis-sion of *SCAPE, which is a platform designed to empower people in Singapore’s un-der the age of 35. For a lot of participants, *SCAPE became the necessary support group to give them confidence to chase their startup dreams.
The *SCAPE event was the conclusion of a 6-month-long fellowship programme that hosted 21 qualifying teams across 22 sessions to help them get their business off the ground. 10 of them were pitching at the Demo Day.
“This space is really meant for the youth. Last year, we curated 5,000 square feet ofspace to turn it into a co-working space for our young entrepreneurs to incubate. My congratulations again to our 10 teams that [pitched] today,” said Goh Kok Wee, the Executive Director of *SCAPE.
The jury present for the pitches were as follows:
David Ding, Head of Fintech (Regional), DBS Innovation Group
Lavanya Karthikeyan, Business Development & Legal, PBA Group
Ori Takemura, Assistant Vice President, Design Director, Singapore Press Holdings
Low Jian Liang, Co-Founder, Reactor Ventures
For StaffAny, a *SCAPE participant and a winner of the 2019 e27 TOP100 Singapore regional qualifiers, the biggest value-add from the programme was access to mentors and connections.
“They introduced us to good mentors from the F&B industry. Through their experiences, we are able to identify potential pitfalls we might have because they are in the F&B industry. They know their stuff the best; inside-out,” said Eugene Ng, a Co-founder of StaffAny.
StaffAny was approaching the pitching competition as a BD lead generation exercise, hoping that a few of the tenants of the *SCAPE space (a mall-type building in Singapore’s Orchard neighborhood) could become future clients.
For Lena Toh, the Founder of goodgoblins, a recycling company, *SCAPE provided her an opportunity to take an idea that was not yet a company and transform it into a concrete startup.
“I had a normal job and just an idea. It helped me bring the idea to the stage where I have validated and [built a] prototype. We did a month-long pilot so that validated my idea about goodgoblins,” she said.
Toh ended up jumping into the deep end by quitting her job to pursue the company full-time. One takeaway of the event was a sense that the companies all had an altruistic mis-sion. Maybe it is the youthful energy, but the startups were more consistently trying to solve societal problems than other Demo Days. Let’s have a look!
Telelay
Telelay wants to make the day-to-day communication for deaf people more convenient. The strategy is to integrate video calls and a translator into the phone call process. Think about booking a restaurant, which can be challenging for a person with hear-ing impairments.
In Telelay, the user will use video chat to call an online interpreter, who would then facilitate the call with the recipient. The company wants to charge a small fee per call.
Shift
Shift wants to make cafes more flexible and dynamic with customisable furniture. The idea is to use magnetic blocks to allow people to “build what they need” in an open space.
For example, if you want to pop-in for a quick break, then placing two blocks on top of one another to create a standing table. Or for meetings, you can put 4-5 next to each other to create a table. The company wants to bring people in by making it a space for workshops and advocacy groups.
The idea is that the space will be free for these groups and their “fee” will be the price of coffee/food.
goodgoblins
goodgoblins is a home recyclables collection service that wants to help Singaporeans build the habit of recycling.
The company allows people to sign-up for a subscription service that pays for people come to their apartments on a regular basis and pick-up the recycling to take to the plants. The company will also generate revenue by selling the waste back to recycling companies.
What is interesting about the service is that it wants to measure trow-away habits and give feedback to users to help motivate them to reduce their consumption. For example, if a person recycles 5kg of waste one week, and then 7kg the next, the app will let them know so that they need to be more mindful about how they buy goods.
Successpedia Asia
This media company wants to help people find motivation by publishing the “journey behind successful people”. It also wants to “empower Asians for Asia”. The company’s main service is as a content creator but it also wants to get into events, live sessions and more complicated production services.
BoomX
BoomX wants to ‘skill up’ older folks to help them take advantage of their experience and make money either freelancing or starting small businesses. While there are a lot of support networks aimed towards the silver generation, some of the jobs offered to elderly people lack dignity (think of the typical hawker center cleaning auntie/uncle).
BoomX wants to figure out what skills these people have and teach them how to leverage it to make money in a more meaningful avenue. The Founder also runs a company called Boomercise, which is an exercise pro-gramme to help older folks stay healthy.
Omnitree
Omnitree has built an app for collaborative education in the classroom. It wants to be a one-stop-shop for in-classroom lessons. For example, it is building products that facilitate Q&A with the classroom, trivia questions/answers and other collaborative projects.
It wants to stop teachers from having to flip through multiple apps while going through a lesson. The company wants to target teachers and administrators and charge them for a subscription.
Increa
Increa tries to understand individual learning needs to provide customisable lessons and help people adapt to how they learn. The company offers workshops, activities like nature walks and even a variety of spaces to be able to adapt to the best learning environment.
It has hired a group of trainers who are experienced educators and know how to engage individual students.
Crop
Crop is an independent design studio that tries to stand apart by not following de-sign trends, finding alternative perspectives and being a craft-centric agency. It wants to build a culture whereby the craftsmen are valued as part of the design process.
The company approached the Demo Day as a means to find long-term collaborators.
Innovation Garage
A company that hopes to inspire the next generation, Innovation Garage is a STEM education service for kids between the ages of 8-12. So far, the team has taught in 5 schools and over 600 students. It charges various prices based on the complexity of a 10-hour course.
The goal is to build a company that can consistently lead these classes across the entirety of Singapore.
StaffAny
Easily the most mature of the companies, StaffAny is an hourly-worker staff management platform. StaffAny is really growing, having enjoyed a 25 per cent month-on-month expansion rate. Actually, when asked by the judges, the startup said navigating this growth is the current top challenge for the startup.
The service is used by 51 companies and has a projected 6x LTV:CAC ratio. A number that allows new clients to essentially pay for their acquisition cost. In the near future, the company sees itself as a solution to unsolvable problems like payday loans, shift-based hiring, performance-based resumes and part-timer insurance.
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The inaugural *SCAPE fellowship is in the books! Make sure to keep an eye out for announcements, calls for applications and updates from the next cohort of fellows!
Meetings are necessary, but often viewed with dread by employees. So how do we fix it?
It was Friday at 4pm.
Our product teams were presenting the results of a fun hack week. One group shared a QR code, so we installed their multiplayer quiz app and started to compete.
The first quiz was called, “How well do you know JotForm?”
Given that I founded the company 12 years ago, you would think I’d have an unfair advantage.
I placed 18th.
I got stuck on a question about our mascot, Podo. I was slower than my staff, too.
Regardless, the afternoon was so much fun. We laughed and talked and I felt proud of what the teams created. It was like a productive party.
Technically, this was a demo day, which is one of our few scheduled meetings. Every Friday, our teams show what they’ve learned or built throughout the week.
Demo days aren’t status meetings; we share tangible results, not droning updates. And we keep it short. An hour, max. Show your work or a quick video clip and let’s move on.
I share this story, because I believe that all meetings are not created equal. They’re not necessarily a “scourge” on your company.
Meetings are part of life as a founder or entrepreneur, but they’ve also become a hotly-debated topic — especially in the tech industry.
In a leaked email to his Tesla staff, Elon Musk says large meetings are the “blight of big companies and [they] almost always get worse over time.”
Musk also tells his staff to “walk out of a meeting or drop off a call as soon as it’s obvious you aren’t adding value. It is not rude to leave, it is rude to make someone stay and waste their time.”
That’s a pretty clear directive.
So, what’s the solution?
Before JotForm had over 100 employees and 3.5 million users, I didn’t think much about meetings. It was just me at first, and the business grew slowly.
Now that we have three offices on two continents, I approach meetings much more strategically.
I don’t want to waste my time — and I really don’t want to lock my employees into pointless status updates. They’re the brains and the engine behind this business.
I want to empower them to do their very best work, and to enjoy the process.
Ultimately, every entrepreneur needs to set their own boundaries and create a meeting strategy that fits their organization. Here’s what works for us.
1. Individual team offices
Our company has small, cross-functional teams of 4–6 people. Each group includes a designer, developer, UX specialist, and any other roles they need to create new product features, from start to finish.
Each team also has its own office, with a door that closes.
By working in the same space, teams don’t have to plan formal meetings. They can share ideas and feedback all day long.
It’s continuous self-management — and not only does this model inspire great work, it also prevents that dreaded calendar Tetris, where your schedule becomes a colorfully-unproductive puzzle.
Clearly, people also need quiet work time. Our teams set their own rules around interruptions and breaks — but the key here is that they decide.
I know this structure might not work for everyone, but it’s worth considering what could slash those lengthy meetings.
Maybe your team uses Slack or Messenger for quick requests. Or you could create a weekly “office hours” period when everyone is available for informal questions and connections. Experiment and see what works.
2. No status meetings
“It’s hard to come up with a bigger waste of money, time, or attention than status meetings.” — Jason Fried
I spent my summers in our İzmir offices which are by the incredible blue/green waters of the Aegean sea. After a recent status meeting with our San Francisco team, I decided to cancel these updates for the summer.
I do know that I want to spend those evenings with my family at the Çeşme beaches, instead of staying late at the office. We’ll schedule ad-hoc meetings instead. And I know I’m not alone in this change.
Pinterest engineering manager Brian Donohue recently described a three-day, no-meeting schedule the company is testing with product engineering teams:
“It’s not a big revelation that software development requires long stretches of uninterrupted time to focus.
As Pinterest has grown, we’ve noticed the number of meetings also has increased.
Having so many meetings can fragment an engineer’s entire day, eliminating the stretches of uninterrupted time required to build software.”
Donohue says that this “seemingly small change” has already had a big impact. Over 91 per cent of the developers say the switch has made them more productive and 80 per cent say the no-meeting schedule is respected.
Pinterest is still experimenting, but it’s fascinating to see how another company is trying to balance uninterrupted work time with effective team communication.
3. Walking meetings
Given that the typical American sits an average of 9.3 hours a day, walking meetings can boost your health and creativity, tear down hierarchies, improve communication, and make people happier, among other reported benefits.
Steve Jobs, Twitter’s Jack Dorsey, and Mark Zuckerberg have also been known to take it outside when they’re meeting with one or two other people.
I’m a fan of this meeting style, too. I always try to go for lunch and a walk with new employees, for example. We get to know each other in a relaxed way, and (hopefully), they start to see me as more than just “the boss.”
Don’t try to bring seven people on a walking meeting, of course. But if you have the time, ability, and appropriate weather to escape the office, give it a try.
4. Email feedback
A recent Fast Company article quotes interaction designer Don Norman, who says email is “the office memo turned cancerous, extended to home and everyday life.”
I get it. Most people hate email. At worst, the inbox can feel like a Sisyphean to-do list or an extended leash.
But if I’m going to pick between email and a meeting, I’ll go electronic — and it’s not because I don’t want to talk to my teams. Instead, I can give them thoughtful, considered feedback, and I do it on my time.
The “interruption” (which is really my job) comes at the end of the day when I sit down and pursue that all-important Inbox Zero.
5. Specific goals
Productive meetings have a clear goal and introduce new, useful (and usable) information.
There are two weekly meetings I look forward to: one with our Data Team and one with our User Research Team. Data Team share data analysis, conversion rates, test results and other helpful stats. The User Researchers tell me what they’ve learned from user interviews and usability tests they have completed.
If there’s unusual behaviour on a metric, we talk about it and try to generate solutions. I always learn so much — and the details they share directly influence my work.
The anti-meeting backlash can make founders feel like every conference call or briefing is a waste of time. I don’t think that’s true.
A meeting that quickly and efficiently accomplishes its goal, while effectively aligning the participants is well worth the space in your schedule.
Business is a team sport. Nothing great is achieved in isolation. We all need to talk over plans and ideas, but finding a more strategic approach is valuable for everyone.
6. The power of “no”
Author Kevin Ashton says “the word ‘no’ has more creative power than ideas, insights and talent combined,” but most people aren’t taught to use it:
“We are taught not to say “no.” “No” is rude. “No” is a rebuff, a rebuttal, a minor act of verbal violence. “No” is for drugs and strangers with candy.”
Clearly, the ability to say “no” is a privilege and a form of power. Not every employee can flex that power in all situations. But, when you can — and especially if you’re making the rules — let’s say no to unproductive meetings.
After all, meetings shouldn’t be a four-letter word. The act of sharing ideas and updating our colleagues shouldn’t be something we dread. It should fuel the organization, not drain its momentum.
So, maybe we can’t all walk out of meetings or hang up on long-winded calls, but we can be more strategic. More respectful of each other’s time.
Let’s try to change how we work and communicate, for everyone’s benefit.
Social commerce is a big deal in Indonesia, and TokoTalk wants to seize this golden opportunity
The votes are in –and the e27 Community has voted for Indonesian social commerce platform TokoTalk as Startup of the Month!
Owned by South Korean tech startup Codebrick, TokoTalk is a chat-based e-commerce platform built specifically for online sellers on social media such as Instagram.
Social commerce is a big deal in Indonesia. In fact, data by the country’s Ministry of Finance revealed that 64 per cent of all e-commerce transactions occurred through social media.
This is the opportunity that TokoTalk wants to tap into. The startup aims to make the social commerce process more simple through integration of its service with various social media platforms.
It recently stole our attention through a US$3.2 million funding round by Silicon Valley-based Altos Ventures.
As a runner-up, the e27 Community picked Singapore-based Saleswhale.
Using proprietary AI technology, Saleswhale describes its service as supporting sales and marketing teams by automating the lead engagement and qualification processes.
The platform uses natural language processing (NLP) to classify the intent of an email lead, detect sentiment, and extract named entities (including locations, dates, times, and competitor keywords).
The startup recently raised a US$5.3 million Series A funding round led by Monk’s Hill Ventures.
The funding round included the participation of GREE Ventures, Wavemaker Partners, and Y Combinator.
Congratulations and best of luck to the two startups!
Companies out to dazzle you with their brilliant startup products — check them out at the Echelon Asia Summit 2019
There are lots of great reasons for you to come to Echelon Asia Summit 2019! With more than 15,000 people attending from over 30 countries, the Echelon Asia Summit brings together a full-range of personalities across the field of tech: from tech enthusiasts, to up-and-coming startup founders, and even to leaders and experts! This makes Echelon Asia Summit 2019 the perfect opportunity for you to brush elbows with potential future partners, investors, colleagues, or other like-minded people who might appreciate your ideas!
More than 120 speakers will also be sharing key insights on emerging trends and disruptive technologies across four key stages, namely: Founder stage, Future stage, Capital stage, and the top 100 stage—where 100 of the most promising startups will be pitching live!
And finally, one of the key features of Echelon Asia Summit 2019 is how it will showcase some of the most brilliant startup products in the region. With 300 exhibitors that will sprawl all over Singapore Expo, participants can witness firsthand how these companies are changing the world.
So without further ado, here is the fourth set of Echelon Asia Summit 2019 exhibitors!
Sparadise Asia
Sparadise connects you to the best therapists and delivers them to your doorstep, so you can enjoy quality spa service wherever you are.
Soft Solvers Solutions
SoftSolvers offers fully customisable business automation solutions designed to improve productivity for medium to large corporations.
Sendbird
SendBird is a fully managed chat solution for enterprise mobile and web services. SendBird powers in-app conversation for the world’s leading companies including GO-JEK, Tokopedia, Carousell, and over 12,000+ other applications.
Sunday Insurance
Sunday is a full-stack InsurTech that uses AI and digital platforms to offer personalized insurance products and services.
Qlue Performa Indonesia
Qlue helps solve urbanisation problems and promotes transparency between governments and their citizens.
Musiio
Musiio is artificial Intelligence for the Music Industry.
Cognifyx
Cognifyx is a cognitive and behavioral science company.
Rentickle
Rentickle enables renting of lifestyle products like Furniture, Appliances, and Fitness items. It operates as a combination of Asset Ownership/Asset Financing/Market place model.
Simply Giving
SimplyGiving.com is Asia’s leading crowdfunding platform for social impact. They are inspired by the power of the Internet to do Good.
Outpost
Outpost is a network of co-living, co-working, and social spaces designed for the fast-growing international community of remote professionals, creatives, and digital nomads.
Bambu
Bambu is a robo-advisory solution provider offering savings and investment applications for web and mobile.
Kdan Mobile Software Inc
Kdan Mobile fosters ways to create contents and boost productivity with modern technology, especially on mobile devices.
Papaya Insurtech
Papaya digitises the entire insurance customer journey from quotation, to application form, underwriting, and claim management. Leveraging technology such as OCR, AI/ML to enhance customer experience.
Sakay
Sakay enables the analysis and navigation of informal transit networks.
Mosaic
Mosaic offers cloud-based profit optimisation solutions to the hospitality industry. Products include inventory management, POS, purchasing and analytics.
Where to get tickets for Echelon Asia Summit 2019?
Catch this stunning set of companies showcase their brilliant work and more at the Echelon Asia Summit 2019! The event is happening from 23 – 24 May, at Hall 3A, Singapore Expo, 1 Expo Drive, Singapore. We don’t want you and your team to miss out on the important insights that will be shared by our speakers there, so get your Echelon Tickets today!
