Weekend featured readings for seafarers
Editor’s note: The weekly report of the venture capital is a fixed column of the sea (ID: wow36krchuhai), which is a hot spot for the readers of the venture capital circle. We have compiled the Top 5 news, boutique articles and investment and financing events that are most noteworthy this week.
This week’s sea news Top 5
Softbank led the Brazilian home rental platform QuintoAndar with $250 million in financing, the latter becoming a unicorn. According to DealStreetAsia, Softbank launched a $5 billion Latin American fund in March. In addition, people familiar with the matter said that QuintoAndar’s valuation exceeded $1 billion in this round of financing. It is reported that the funds raised in this round will be used by QuintoAndar for business expansion in Brazil’s domestic and overseas markets.
Grab competes with Gojek for upgrades, backed by DANA of Ant Financial or merged with OVO. According to DealStreetAsia, Reuters reported that Grab plans to buy the Indonesian e-wallet DANA shares from Emtek and merge it with OVO. Grab’s move is to compete with Gojek for the first place in the payment field. In addition, according to Asian financial reports, in 2017, Ant Financial and Indonesian media group Emtek co-founded DANA. DANA has used its experience in Indonesia to learn from Alipay’s experience and promoted its market ranking to third place. Regarding the above news, Ant Financial said that it would not comment.
OYO has partnered with India Mobile’s travel platform, Drivezy, which will equip OYO hotels with motorcycle/battery cars or cars for passengers. According to ET Tech, Drivezy is currently launching 1,200 two-wheelers (motorcycles/battery cars) for OYO’s hotels in Bangalore and Hyderabad, and plans to be in the next three years. Put another 100,000 cars.
The Canada Pension Plan Investment Committee (CPPIB) invested $115 million in the logistics unicorn Delhivery to secure an 8% stake in the latter. According to the English station KrASIA, CPPIB is shifting its focus from entity companies to emerging industries targeting the digital arena. The agency participated in the $300 million financing of India’s online education unicorn Byju’s last December.
OYO is advancing into the high-end market and plans to have more high-end hotels. Reported by LivemintOYO said that the global high-end and luxury hotel market will see tremendous growth. OYO is currently building a four-star hotel and plans to have five- and seven-star hotels.
Exhibition of high-quality articles
LazMall’s Anniversary Answer: B2C Platform Development Accumulation…..
The Southeast Asian e-commerce platform is diversified, and the difference between the two markets of B2C and C2C is more obvious. Many Southeast Asian e-commerce companies have added B2C services. Bukalapak, Tokopedia, Shopee and Lazada have set up B2C business lines BukaMall, Tokopedia official mall, Shopee Mall and LazMall. Even the name with the development route has followed the path of China’s e-commerce development.
For Amazon, Alibaba, Wal-Mart, although they each have a lot of actions to promote their development of e-commerce business in India, but in this market, not only is the competition very fierce, as a “foreign company” will also be subject to policy Bound, it seems not so easy for them to get more shares in the Indian e-commerce sector.
Investment and financing events
The following are investment and financing events worthy of attention this week:
Southeast Asia
Vietnam Enterprise Group The Vingroup subsidiary was awarded $500 million in financing from Singapore’s sovereign wealth fund GIC. According to the English station KrASIA, the company that invested in this is Vingroup’s VCM Service and Trade Development Corporation (VCM). It is reported that VCM is mainly responsible for the consumer retail business in Vietnam.
Gobi Ventures led a $24 million financing from Indonesian financial technology startup SuperAtom. According to the English station KrASIA, the company that participated in the investment also included Cheetah Mobile. It is reported that SuperAtom launched a P2P consumer lending platform called UangMe in Indonesia in early 2018. SuperAtom aims to obtain low-cost funds from mature markets such as Europe, Japan, Singapore and the United States.It then combines it with China’s mature technology and business model and localizes it into Southeast Asia to provide accessible financial services.
Thai fashion e-commerce Pomelo completed $52 million in Series C financing. According to e27, Pomelo has raised more than $83 million so far. It is reported that Jingdong once led Pomelo’s $19 million Series B financing in 2017. Pomelo said that the funds raised will be used for further development of its “omnichannel” model to meet customers’ various shopping needs and habits.
Indonesian logistics startup Paxel raised $10 million in funding from co-founders. According to DealStreetAsia, in addition to the $10 million raised this time, Paxel is negotiating with venture capital firms such as East Ventures, Agaeti and SMDV to raise more funds. It is reported that Paxel was established in 2017 to provide customers with distribution services through its application, including the delivery service on the same day.
Gojek leads the $3 million financing of Indonesian financial technology company Pluang through its venture capital arm, Go-Ventures. According to the English website KrASIA, Pluang, formerly known as EmasDigi, aims to provide digital micro-savings services and financial products to its users.
India
InMobi, India’s largest mobile advertising platform, has raised $45 million for its mobile content platform, Glance. According to ET Tech, this investment for InMobi is from the US venture capital agency Mithril Capital. It is reported that Glance provides AI-driven personalized content for the lock screen of smartphones. Whenever the user unlocks the phone, the phone screen presents personalized content.
Reliance Jio, an Indian mobile operator, has invested more than $19 million in its music streaming platform, JioSaavn. According to ET Tech, in December last year, Reliance Jio announced that its two music streaming platforms, JioMusic and Saavn, have been merged. The new streaming media is named JioSaavn Music and Radio, or JioSaavn. It is reported that Reliance has previously invested in Saavn.$1.24 billion.
Mumbai online education platform WhiteHat Jr completed a $10 million Series A financing. According to ET Tech, the round of financing was led by Omidyar Network, a charitable organization co-founded by eBay founder Pierre Omidyar and wife Pam, and Nexus Venture Partners, a venture capital fund with a focus on India. Founded in 2018, WhiteHat Jr is an educational platform for one-on-one programming of children aged 6-14.
Flipkart co-founder Binny Bansal may launch a $400 million VC fund. Two people familiar with the matter said Flipkart co-founder Binny Bansal plans to launch a $300 million VC fund that will focus on startups. It is reported that Bansal has been making personal investments in startups for the past five years, including the $25 million insurance startup Acko, and the $140 million warehouse robot startup GreyOrange, which has invested with other investors.
Africa
Kuda Nigerian digital banking startup Kuda raised $1.6 million in Pre-seed rounds of financing. According to Disrupt Africa, Kuda is currently creating a purely digital banking platform, and the funds raised will be used for the launch of the beta version of the platform. The Kuda beta features include a free banking platform and debit card, an app that tracks spending in real time (the program is available on iOS and Android), and more.
Latin America
Mexu, a Mexican financial technology startup, completed financing for one of the largest seed rounds in Latin American history, raising a total of $6.5 million. According to Labs, participating in the round of financing is Village Global, which has many well-known LPs, such as Bill Gates, Mark Zuckerberg and Jeff Bezos. It is reported that the flow of funds in Mexico is poor, and 75% of the residents can only rely on the monthly salary, basically no emergency deposits. Therefore, when you need money urgently, you can only solve it through loans. To change this situation, Minu provides a financial platform where users can withdraw money at their usual hourly wages without waiting for the next payday.
Other
Yahoo Japan will acquire fashion e-commerce Zozo. According to a report from Tencent Technology, foreign media said that Yahoo Japan said in a statement that it would seek to acquire a 50.1% stake in the company with the support of Zozo founder Yuzawa. Masahiro Maeto will sell some of its shares. Yahoo Japan’s offer is 2620 yen per share, a 21% premium to yesterday’s closing price. Starting Thursday, Masahiro Mae will resign as CEO of Zozo and will be replaced by its director Kotaro Sawada.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Picture|Pexels
