As well, Uber supporter First Round Capital led the Pakistani transportation startup Airlift with $12 million in financing; Israel’s SaaS platform Namogoo completed $40 million in Series C financing.
Southeast Asia
36Kr Global’s KrASIA has entered into a strategic partnership with Indonesia’s local technology media, DailySocial.id. On November 4th, overseas business group company 36Kr Global’s English technology media KrASIA and Indonesian technology media DailySocial.id formally established a strategic partnership, the two sides will deep cooperation in the release of technology content and innovation platform construction. .
Recommended reading: 36Kr Global’s English-language media KrASIA and Indonesian local technology media DailySocial.id Achieve strategic cooperation.
Indonesia e-commerce unicorn Tokopedia announced the launch of a new channel, Tokopedia Salam. According to e27, Tokopedia Salam is designed to help customers purchase halal-certified products and services, including food, beverages, fashion and beauty products. In addition, the channel enables customers to purchase Islamic-based financial products (such as mutual funds) and donate them to charities of their choice. According to Garri Juanda, head of Tokopedia Salam, the company found that more than 80% of users need to buy halal-certified food. More than 85% of customers also need to buy Muslim fashion goods.
India
Amica Financial Technologies, which has not yet officially launched, raised $24 million. According to ET Tech, the venture capital funds include: venture capital fund Sequoia Capital, Jingwei Venture Capital, Germany’s Rocket Internet and India Venture Capital 3one4 Capital. It is reported that Amica Financial Technologies is co-founded by Citrus Pay Jitendra Gupta (PayU was formerly the Managing Director of India, and its first round of financing has received $24 million. Amica is still in a “stealth mode” (expected to start operations in February or March next year) and is expected to be valued at $70 million, one of the largest first-round financings in the country’s market.
Indian information class APP Lokal raised $3 million. According to ET Tech, investors involved in this round of financing include Y Combinator, Inc., India’s venture capital 3one4 Capital and existing investor India Quotient, and Xiaomi Indonesia’s head, Xie Yongkang. It is reported that Lokal was founded in 2018 and is a news and classification platform focusing on regional languages. The platform provides local news, work, classifieds and marriage advertisements as well as local information such as weather, vegetable prices, gold prices, and contact information for doctors and police stations in Telugu and Hindi.
India medical startup BeYouPlus raised $3.2 million in funding. According to ET Tech, this article was led by IvyCap Ventures, followed by Madison Capital and Singapore Angel Network. Founded in 2014, BeYouPlus specializes in dermatological treatment and works with local clinics to provide medical care to patients.
Latin America
Uber canceled a $40 million plan to invest in the Center of Excellence in Colombia. According to Contxto, Uber had planned to open a security and support center in early 2020 and invest $40 million. However, Uber has had to cancel this investment plan because there are many loopholes in the regulatory mechanism of the Internet car in Colombia and other Latin American countries, resulting in frequent violations.
Middle East
Uber Existing Investors First Round Capital led the Pakistani transportation startup Airlift with $12 million in financing. According to DealStreetAsia, other investors joining the round of financing are Fatima Gobi Ventures Investment Company and Indus Valley Capital. It is reported that Airlift raised $2.2 million in the seed round in August this year. It is reported that Airlift users can choose the pick-up location, browse the route to book seats through their application, and track bus routes in real time.
Other
Israel SaaS platform Namogoo completed $40 million in Series C financing. According to Techcrunch, this round of financing was led by British venture capital Oak HC/FT, followed by GreatPoint Ventures, Blumberg Capital and Hanaco Ventures. It is reported that the company’s total financing has reached 69 million US dollars. Founded in 2014, Namogoo aims to identify and prevent unauthorized pop-ups from popping up through its technology.
Colorline venture capital firm Viola Ventures leads the $6 million Series A round of US fashion brand “Ruti”. It was learned that foreign media news, American fashion brand Ruti announced the completion of a $6 million Series A round of financing, led by Israeli venture capital firm Viola Ventures. The funds will be used to develop the know-how of its boutiques, expand online and open new retail stores. Ruti is a fashion womenswear brand founded in 2009 by designer Ruti Zisser. The target customer is a woman over the age of 35. The ready-to-wear design pursues a combination of practical comfort and style. The company is headquartered in Belmont, Calif., and currently has ten stores in the United States.
Japan plans to introduce a new law to limit trading platforms such as e-commerce. According to the Nikkei Chinese Network report, Japan’s “Fair Access Committee” (Fair Trade Commissioner) announced on October 31 that a report on a large IT company called “Platformer” (Platformer) Specific violation cases. On a platform such as an e-commerce platform, when a user searches for a product to be purchased, the operation company of the e-commerce platform arbitrarily manipulates the order in which the products are displayed, and the operation company is required to explain the mechanism for determining the order in which the products are displayed. The “fair referral committee” pointed out that it is necessary for platform companies to publicly determine the criteria and proportion of the search order.
文 | 云晞@出海
编 | Zhao Xiaochun@出海
Picture|Pexels
