As well, Softbank will invest in Indonesian education technology startup Ruangguru and fisheries e-commerce startup Aruna; in 2020, WeWork’s investment in Southeast Asia will reach $1 billion; Goldman Sachs will lead Nigerian logistics startup Kobo360 with $30 million financing to promote Its expansion in Africa
Southeast Asia:
Vietnam’s largest cloud POS system KiotViet raised $6 million from Jungle Ventures and Traveloka. According to KrASIA, KiotViet was developed in 2014 by Citigo Software, a SaaS company in Vietnam, which provides inventory management, cash flow, marketing for more than 70,000 micro-enterprises and small and medium-sized enterprises (SMEs) in 63 provinces in Vietnam. Managed solutions. The company said that since its inception, KiotViet has grown at an annual rate of 250%. According to Citigo, the funds will be used to extend KiotViet’s business network to all provinces and cities in Vietnam, especially in remote areas.
Softbank will invest in Indonesian education technology startup Ruangguru and fisheries e-commerce startup Aruna. According to KrASIA, this investment by Softbank will bring more venture capital to Indonesia’s educational technology and agricultural technology fields. Ruangguru is an online tutoring platform with more than 6 million users and more than 150,000 teachers who offer online courses in 100 areas of study. The fishing startup Aruna uses technology to directly connect buyers and fishermen.
In 2020, WeWork’s investment in Southeast Asia will reach $1 billion. According to DealStreetAsia, WeWork operates three joint ventures, PacificCo, ChinaCo and JapanCo. PacificCo., which focuses on the Southeast Asian and Korean markets, was established with Softbank. It is reported that WeWork invested 500 million US dollars in Pacific Co for the first time in 2017, and then injected 300 million US dollars in 2018. In addition, under the terms of the PacificCo deal agreement, WeWork will also need to invest an additional $100 million in 2019 and 2020, respectively. The joint venture focuses on operating WeWork in selected markets in Asia (excluding Greater China and Japan), including but not limited to Singapore, Korea, the Philippines, Malaysia, Thailand, Vietnam and Indonesia.
Malaysia C2BSecond-hand online trading platform Carsome is raising $40 million in Series C financing. According to DealStreetAsia, according to people familiar with the matter, Carsome is raising funds for a valuation of $110 million. But Carsome did not respond to the matter. The Kuala Lumpur-based used car trading platform raised $20 million in the May B round of financing. It is reported that Carsome was founded in 2015 and its core business is to sell cars to individuals and agents through an online bidding platform, and through the platform to promote the entire sale from inspection to payment and other logistics. In addition to Malaysia, Carsome also operates in Indonesia, Thailand and Singapore.
India:
OYO will invest EUR 300 million to expand its European holiday home rental business. According to ET Tech, the OYO investment plan marks its intention to further penetrate Europe or become a competitor of Airbnb. It is reported that Airbnb is also an OYO investor and participated in the latter’s $1.1 billion to $1.2 billion financing. Previously, OYO acquired the vacation rental company @Leisure from German media group Axel Springer and changed its name to OYO Vacation Homes. In order to become Europe’s largest vacation rental company, OYO Vacation Homes will continue to invest heavily in resources and manpower. OYO Chief Strategy Officer Maninder Gulati said: “On a global scale, vacation rentals have billions of euros in opportunities, and the biggest opportunity is in Europe.”
Risk Debt Fund Alteria Capital provides risky debt and investment for the “Indian Flash” Dunzo. Accord to Inc42, Alteria Capital provided Dunzo with 130 million rupees (approximately $18 million) in risk bonds in August. Prior to this, Dunzo had raised $3.07 billion in funding. Founded in 2015, Dunzo is a platform that provides local errands. It is reported that Dunzo aims to achieve profitability by the 2020 fiscal year.
Digital payment giant Paytm will launch news and short video services next month. According to ET Tech, Paytm aims to double its monthly active user base to 250 million through new services. Deepak Abbot, senior vice president of Paytm, said that Paytm has also entered into deals with smartphone makers such as Oppo, Vivo and Xiaomi to getThe market for smartphone users for the first time.
Africa:
Goldman Stanley led the Nigerian logistics startup Kobo360 with $30 million in financing to boost its expansion in Africa. According to Disrupt Africa, the company raised two rounds of financing last year, totaling $7.2 million. Its business has expanded to Ghana, Kenya and Togo. Founded in 2017, Kobo360 is a digital logistics platform that brings together end-to-end transportation services to help shippers, truck owners and drivers, as well as cargo receivers achieve efficient docking.
Other:
Russian “crowdsourcing” day delivery service operator Dostavista raised $15 million in Series B financing. According to TechinAsia, Dostavista said the funds will be used to expand its presence in Southeast Asia and the formation of a global team. Founded in 2012, Dostavista uses algorithms to fulfill its commitment to deliver items within 90 minutes. Dostavista The company first entered Southeast Asia in July 2017 and was the first to launch the MrSpeedy brand in Indonesia. In the second half of 2018, MrSpeedy was launched in Thailand, Vietnam, the Philippines and Malaysia. Currently, the company has operations in 11 countries and employs nearly 400 people.
Swiss Energy Storage Company received a $110 million investment from the Softbank Vision Fund. According to Tencent Technology’s foreign media report, on August 14, the Vision Fund managed by Japan’s Softbank Group said it has completed a US$110 million investment in the Swiss startup “Energy Vault”, which is developing Renewable energy storage technologies and products. The Energy Library’s system uses recyclable concrete blocks to create a giant tower for storing and releasing electricity generated by the plant.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
