And: Amazon will acquire Ola’s take-out service Foodpanda, through Prime Now in India to carry out food take-out business; Samsung Electronics accounted for 20.6% of South Korea’s exports in the first half; Egypt’s transportation company Swvl latest valuation of 157 million US dollars, become the Middle East and North Africa One of the most valuable technology startups
Southeast Asia
Southeast Asia’s economic chain hotel RedDoorz raised $70 million from Japan’s e-commerce leader Rakuten to cope with the rapid expansion of OYO. According to KrASIA, RedDoorz previously received $45 million in funding from the B-round financing led by Qiming Ventures. A few weeks later, the company began a Series C round of financing led by Singapore-based private equity firm Asia Partners. In addition, the company said it has raised $140 million since its inception in 2015. It is reported that RedDoorz currently operates in Indonesia, Singapore, the Philippines and Vietnam, and has entered Thailand and Malaysia.
Baidu Smart Cloud enters Singapore and offers 7X24-hour uninterrupted full-stack cloud services. It is learned that Baidu Smart Cloud Singapore Region will be officially opened, providing 7X24-hour non-stop full-stack cloud services for Singapore local companies and Chinese-funded enterprises and the Asia-Pacific region. In Singapore, the first phase of the service, Baidu Smart Cloud supports products including computing, storage, networking, security, database and management products. In the follow-up, Baidu Smart Cloud will continue to launch new products according to the needs of customers. The current customers in Singapore include iQiyi, Xiaoxiong Bowang, etc., and will continue to access more companies.
Goola, the beverage brand of the Indonesian President’s son, received $5 million in funding from Alpha JWC. According to KrASIA, Goola was founded in 2018 as a traditional beverage store selling shaved ice desserts, but now it wants to launch mobile apps to increase efficiency, reduce store wait times, and analyze customer spending habits. Goola plans to use the funds raised to consolidate its position in Indonesia’s first, second and third tier cities and expand its stores, with the goal of setting up 100 stores in the country by 2020. In addition, Alpha JWC is also an investor in Indonesian coffee brand Kopi Kenangan.
India
Amazon will acquire Foodpanda, a take-away service from Ola, and conduct food outsourcing operations in India through its grocery distribution platform Prime Now. According to ET TechAccording to reports, Amazon plans to begin providing food distribution services for Rebel Foods, Eat.Fit, Domino’s and its own brands. Another person who knows Amazon’s interest in selling is that “Amazon Payment” is widely used in platforms such as Swiggy, so Amazon hopes that the product can also be on its take-out platform (Prime Now) ) get the same score.
Mint: Tesla, Ningde era, BYD showed interest in the Indian battery factory project. Local media Mint quoted an unnamed government official as saying that a number of companies have expressed interest in a plan to invest 500 billion rupees ($7 billion) in lithium battery plants in India, including Sla, Ningde era and BYD. According to the report, the global company’s interest in this project stems from the Indian government’s efforts to turn India into a global electric vehicle and parts manufacturing center.
Indian coffee chain brand Café Coffee Day (CCD) opened a new round of negotiations with Coca-Cola to ease debt and sell shares. According to the report of The Economic Times by DealStreetAsia, the late founder of CCD, Siddhartha, held talks with Coca-Cola at the end of June this year, but the two parties did not agree on the holding ratio (Siddhartha hopes to sell only a small amount of equity) The Coca-Cola side hopes to hold the investment), and the negotiations have been stranded. Details of the negotiations have not been disclosed.
India B2B Fast Selling Platform ShopKirana raised $10 million from Indian Internet giant Info Edge and Japan Venture Capital Incubate Fund. According to DealStreetAsia, Info Edge invested about $6.6 million in total funding in exchange for 2333 mandatory convertible preferred stocks. Founded in 2015, Shopkirana is a B2B e-commerce platform. Its platform aggregates more than 200 international and local fast-selling brands, including Unilever, Procter & Gamble and Nestle. The ShopKirana platform is aimed at shopkeepers and offers order-based service for fast food and food based products. According to ShopKirana, it has achieved sales of $2 billion.
Early venture capital firm DSG ConsumerPartners (DSGCP) is close to completing the fundraising of its third fund, raising more than $65 million, exceeding its fundraising target of $50 million< Strong>. According to DealStreetAsia, in March of this year, DSGCP’s third fund, DSGCP III, completed a $30 million first round of fundraising. It is reported that DSGCP said that each of its funds plans to invest about 20 companies, the third of which focuses on the financing of seed and A rounds in India and Southeast Asia (especially Indonesia).
Middle East
Middle East Mobile Internet Integrated Marketing Enterprise MENA Mobile received $10 million in Series B financing. The sea was informed that MENA Mobile (Beijing Mina Technology), a Middle East mobile Internet integrated marketing company, received a million-dollar B round of financing and was exclusively invested by the UAE Technology Group G42. This round of financing will be used for technology research and development, team recruitment, and market expansion. Established in 2016 and headquartered in Beijing, MENA Mobile is the first mobile Internet integrated marketing company in the Middle East. It covers 2B and 2C and wants to establish a pan-entertainment ecosystem in the Middle East.
Egyptian transportation company Swvl announced the latest valuation of $157 million, becoming one of the most valuable technology startups in the Middle East and North Africa. According to Menabytes, Swvl completed $4,200 in financing in June. In addition, Swvl raised tens of millions of dollars in its B-1 round last November, with a valuation close to $100 million. This means that Swvl’s valuation has increased by nearly 60% in less than seven months. Founded in 2017, Swvl stands for “fixed time, fixed site, fixed price” and passengers can book buses and pay fares via mobile apps.
Other
Samsung Electronics accounted for 20.6% of South Korea’s exports in the first half of the year. According to Sina Technology’s “Korean Herald” report, Samsung Electronics’ recent financial report stated that in the first half of this year, the company’s product exports accounted for 20% of total Korean exports, and sales for the first six months of this year were 75.2 trillion won (about 62 billion US dollars), 86% of which comes from foreign markets. South Korea’s exports totaled 313.4 trillion won in the same period, and Samsung Electronics’ share was 20.6%.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Figure | Unsplash
