Udaan soars higher, raises $585 million in fresh funds

Udaan, the fastest Indian startup to achieve unicorn status, has raised $585 million in its latest round of funding, valuing the online business-to-business marketplace at $2.5-3 billion. The Series D round saw investments from Tencent, Altimeter Capital, Footpath Ventures, Hillhouse, GGV Capital and Citi Ventures, the firm said on Wednesday. Existing investors Lightspeed Venture Partners and DST Global also invested…

Ex-Lazada exec’s co-living startup Cove banks $2m in seed funding

Singapore-based co-living startup Cove has raised over US$2 million in a seed round led by Venturra, Yuj Ventures, Investigate, and Picus Capital. Local venture capital firms Aetius Capital and Found Ventures also participated in the round alongside some strategic angel investors. Cove was founded by Guillaume Castagne, formerly vice president of marketing for Lazada, along with Sophie Jokelson and Luca…

500 Startups partners ESG to support startups in Singapore, San Francisco

US venture firm 500 Startups and Enterprise Singapore (ESG) have entered a two-way partnership to nurture the growth of startups in Singapore and San Francisco, ESG announced in a press release on Tuesday. 500 Startups is the latest partner to join ESG's Global Innovation Alliance (GIA), a network of Singapore and overseas partners in major innovation hubs abroad. GIA is…

Smartbites Raises US$100K VIA ECF Funding To Expand Corporate Offerings

AI-POWERED food delivery startup SmartBite has recently raised approximately US$100,000 (RM418,000) via a successful equity crowdfunding campaign on the pitch IN platform. This brings a total investment of over US$700,000 for the food-tech company, which previously raised around US$300,000 from two series of funding alongside strategic investment from Magna Capital, Rhombus Food Holdings, Eric Ryd, Noodle Digital and angel investors…

India’s Darwinbox raises $15M to bring its HR tech platform to more Asian markets

An Indian SaaS startup, which is increasingly courting clients from outside of the country, just raised a significant amount of capital to expand its business. Hyderabad-based Darwinbox, which operates a cloud-based human resource management platform, said on Thursday it has raised $15 million in a new financing round. The Series B round — which moves the firm’s total raise to…

500 Startups partners ESG to support startups in Singapore, San Francisco

Eustan Ventures Singapore

US venture firm 500 Startups and Enterprise Singapore (ESG) have entered a two-way partnership to nurture the growth of startups in Singapore and San Francisco, ESG announced in a press release on Tuesday. 500 Startups is the latest partner to join ESG's Global Innovation Alliance (GIA), a network of Singapore and overseas partners in major innovation hubs abroad. GIA is…

Singapore AI startup Advance.ai banks $80m in series C round

Singapore-based AI and big data firm Advance.ai raised US$80 million in a series C round led by private equity investor Pavilion Capital and Chinese venture capital firm Gaorong Capital (formerly Banyan Capital). Unicorn Venture and eGarden Ventures also participated in the round, alongside existing investors GSR Ventures and Vision Plus Capital. Founded in 2015, the data-driven fintech company helps businesses…

500 Startups backs $2.55m funding in Singapore’s SEPPURE

Singapore-based chemical separation technology startup SEPPURE has announced raising $2.55 million in its seed funding round backed by Silicon Valley-based venture capital firm and accelerator 500 Startups. The funding round was led by US-based multi-stage venture fund SOSV and participated by Singapore government-owned innovation platform SGInnovate, Entrepreneur First, Belmond Capital, Koh Boon Hwee (Chairman of Nanyang Technological University (NTU) Board…

S’pore Food Incubator Opens 6-Storey Hub In Jurong – Features R&D Labs, Coworking Spaces

Two weeks ago, the food incubator arm of sugar company Cheng Yew Heng opened a 90,000 sq ft facility in Chin Bee Drive, The Straits Times (ST) reported. The six-story Innovate360 offers research and development laboratories, a co-working area, and trading, logistics, and manufacturing amenities targeted at helping food startups in Singapore. Vice-president of Innovate360 Elias Tan said the building…