As well as the concept capital and other leading 99.co $ 15.2 million B round of financing; Luxstay announced development strategy, only for head-to-head confrontation with Airbnb
Southeast Asia
Gojek will either enter Malaysia. According to KrASIA’s CNN report, Gojek’s president and CEO plan to meet with Malaysian Prime Minister, Minister of Transportation and Youth Minister this week to discuss the impact of Gojek’s entry into the country’s market. Malaysia is the birthplace of Gojek rival Grab, but in Malaysia, Grab currently only has a network car service, and Mo was once banned for being considered unsuitable for “developed cities”. The talks between Gojek and the Malaysian government also indicate that Malaysia may reconsider its position on Morocco.
Conceptual Capital and Allianz X led the Singapore property portal 99.co $15.2 million in Series B financing. According to DealStreetAsia, the company raised $7.9 million in funds from East Ventures, 500 Startups, etc. in 2017. In January 2018, 99.co acquired UrbanIndo, one of Indonesia’s largest real estate platforms. It is reported that 99.co was established in 2014, in addition to real estate related business, it also provides real estate brokers with the data they need and related services. 99.co said it will use the newly raised funds to expand its business in Singapore and Indonesia and expand into new markets. The company also plans to develop a range of real estate-related financial products, such as the recently launched mortgage.
“Vietnamese Airbnb” Luxstay announced its development strategy, only to face Airbnb. According to KrASIA, Luxstay has raised more than $10 million in funding to date. Founded in 2016, Luxstay is an online mediation platform that connects homeowners looking for short-term rentals with tourists and business travelers. Luxntay founder Steven Nguyen said that its competitor Airbnb is mainly dedicated to meeting the needs of foreign travelers, so Luxstay has enough space to serve local Vietnamese travelers. In addition to its local development, Luxstay is also seeking overseas partners to expand overseas markets.
Vietnam’s educational technology startup Everest raised $4 million in Series B financing. According to KrASIA, Everest was established in 2011 to help students accept overseasEducational curriculum. The company has also developed its own classroom management software and courses. It is reported that Everest will use the funds raised to build a learning center. Everest also said that Vietnam’s 17 million K-12 student population is a huge market, with 40% of disposable income being used for education, but access to quality education is not equal. In addition, Vietnam currently has about 87 companies in the field of education technology. The most funded is Topica, which raised $50 million in Series B financing in late 2018.
WhatsApp negotiates with a number of Indonesian companies to launch a mobile payment service. According to Sina technology reports, Facebook’s WhatsApp is negotiating with a number of digital payment companies in Indonesia to launch mobile payment services locally. According to sources, many emerging markets prohibit foreign companies from creating their own digital wallets, and the Indonesian model may become a template. Once successful, Whatsapp can promote the same model to countries with strict regulations.
India
Softbank invests $70 million in F-Frozen financing from grocery distribution giant Grofers. According to DealStreetAsia, investors such as Tiger Global and Sequoia Capital have joined the round of financing, which is by far the largest financing for Indian online grocery startups. In addition, according to Crunchbase information, Grofers has raised $531.8 million in funding, and its rival BigBasket has so far raised $1 billion. It is reported that Grofers’ current competitors include: Wal-Mart’s Flipkart, Amazon, Swiggy and Dunzo.
Ally raised $8 million from Accel and plans to build teams in India and Seattle. According to ET Tech, Ally raised $3 million in seed round funding in January this year, bringing the total funding to $11 million. It is reported that Ally is a provider of project setting and execution management software solutions for Slack, T-Mobile, UrbanClap and so on.
Middle East
360 cooperates with Israel to build the China-Iceland Cyber Security Technology Innovation Center. It was learned that on August 19th, at the 7th Internet Security Conference (ISC 2019), 360 companiesChairman Zhou Hongyi and Chairman of the Israeli Parliamentary Foreign and Defense Committee Ivy Dichte signed the strategic cooperation agreement between China and Israel on the Cyber Security Technology Innovation Center, and announced that they will jointly establish the China-Israel Cyber Security Technology Innovation Center to form the 360 Israel Cyber Security Industry. Development fund, and build a network security technology collaborative innovation industrial park.
Africa
African mobile payment startup OPay launched the public bus service “OBus” in Lagos. According to TechPoing.Africa, the company launched the tricycle service OTrike last week in Aba, a city in southeastern Nigeria. Opay operates a mobile payment platform and covers a large number of people in Nigeria who do not have a bank account. In the past few months, the company has operations such as motorcycles, personal loans, food distribution and tricycles. It is reported that users can purchase OBus tickets through OBus payment card or Opay. The rapid expansion of Opay’s business is to prove to its investors that its $50 million investment is “value for money.”
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Figure | Unsplash
