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. 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
36Kr Global’s KrASIA has a strategic partnership with Indonesia’s local technology media DailySocial.id. On November 4th, the 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.
Recommended reading: 36Kr Global’s English-language media KrASIA has reached a strategic cooperation with Indonesia’s local technology media DailySocial.id .
Tencent raised the Indian market. ET learned that at present, Tencent and India’s educational technology startup Doubtnut and independent publishing platform Pratilipi have entered the negotiation stage, and are willing to invest in Doubtnut’s financing round of about 12-15 million US dollars, and the scale of Pratilipi is about 1000-2000. The $10,000 financing round lists a list of investment terms and is also in contact with about six Indian start-ups. According to sources, bytebeat also has a strong willingness to invest in Doubtnut, but Tencent may have already set the investment.
Drips plans to bring its food delivery service (Didi Food) to Mexico City to further compete with Uber. According to KrASIA, Didi Food started service in Guadalajara, Mexico’s second largest city in April this year, and entered the third largest city of Monterrey, Mexico, in October this year. According to reports, Didi’s move will directly challenge Uber Eats.
Google, Sequoia and Accel lead India’s SaaS unicorn Freshworks $150 million financing, the latter plans to list on NASDAQ. According to Inc42, after the round of financing, Freshworks was valued at $3.5 billion. A person familiar with the matter said that this round of financing isFreshworks’ pre-IPO. Prior to this round of financing, the company had raised $250 million from investors such as Tiger Global and Sequoia.
Xiaomi Yu Zhiyuan responded to “Millet entered the Japanese smartphone market in 2020”: Yes. It is learned that according to the Nikkei News, Xiaomi will enter the Japanese smartphone market in 2020. In this regard, Xiaomi mobile phone product marketing director Qi Zhiyuan forwarded the news on Weibo and confirmed that Xiaomi will enter the Japanese smartphone market in 2020.
Exhibition of high-quality articles
If Africa cannot simply be seen as a unified market, is this a big opportunity worthy of attention? Domestic sea-going teams need talents at the local partner level. How do you introduce such local genes? We interviewed the non-innovation of the first China-Africa incubator to interpret the more realistic African venture capital.
Under the traditional mode, the demand side of the freight industry in Africa is high in management costs and slow in transportation. The supply side fleet and truck drivers are faced with the problem of no money and slow turnover. In the face of the ills of the African freight market, Lori gave the solution of “car information matching platform + one-stop service”. 3 minutes of reading time, approaching the freight changer Lori.
Investment and financing events
The following are the investment and financing events that are worth watching this week
Southeast Asia
Philippine electronics manufacturer Cal-Comp has again postponed its $210 million initial public offering (IPO). According to DealStreetAsia, this is the second time the company has decided to withdraw its IPO on a local exchange. It is reported that Cal-Comp delayed the IPO time in September last year.
Grab and Gojek’s partner, Indonesia’s state-owned e-wallet platform LinkAja plans to complete the A2 round of financing by the end of this year. According to DealStreetAsia, Fintek Karya Nusantara, the company that runs LinkAja, plans to complete the A2 round of financing by the end of this year, and 7-8 state-owned companies will participate in this round of financing.
India
India Digital Retail Bank, which has not yet officially launched, Amica Financial Technologies has raised $24 million. According to ET Tech, participating in this round of financing are: venture capital fund Sequoia Capital, Jingwei Venture Capital, Germany’s Rocket Internet and Indian venture capital 3one4 Capital. It is reported that Amica Financial Technologies was founded by Citrus Pay co-founder Jitendra Gupta (former managing director of PayU India), and its first round of financing has received $24 million. Amica is still in “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 Internet Corporation Times Internet Investment India exam preparation platform Gradeup $7 million Series A financing. According to ET Tech, this is the second fundraising of the startup, which has so far raised a total of $10 million. It is reported that in addition to the live classroom, Gradeup also provides an introduction to the exam, online registration, and an exam area for teachers and test takers to communicate.
Stainlesswood Capital Investment’s Indian furniture retailer Urban Ladder completed $2 million in financing. According to KrASIA, existing investors SAIF Partners, Sequoia Capital and Steadview Capital each contributed nearly $700,000. As of today, the company has raised $105 million. Previously, the company experienced a series of executive departures and also dismissed 40% of its employees in the first quarter of this year to reduce costs.
Latin America
Germany’s Rocket Internet-backed venture capital firm Global Founders Capital (GFC) leads the Brazilian car rental platform Kovi’s $30 million Series A financing. According to Contxto, the company established in 2018 has raised $40.5 million so far. Kovi plans to use the funds raised to hire more employees and expand its vehicle reserves.Up to 3,000 vehicles.
High ventilation leads the Brazilian regulatory technology (regtech) startup idwall $10 million financing. According to Contxto, High Ventilation is focused on emerging AI technology and its $100 million AI investment fund was launched in November 2018. Idwall has completed three rounds of financing, raising a total of approximately $12.7 million. Founded in 2016, the company is dedicated to providing document validation, background checks, and authentication solutions and services.
Manbang Group invests in “Brazil Edition Full” TruckPad . It was learned exclusively that Manbang Group has completed a strategic investment in the Brazilian car-matching platform Truckpad Tecnologia e Logistica S.A. (TruckPad), and will also export its operational experience and technology to promote the development of TruckPad in Latin America.
Middle East
Uber Existing Investors First Round Capital led the Pakistani bus booking platform Airlift with $12 million in financing. According to DealStreetAsia, the investors include Fatima Gobi Ventures and Indus Valley Capital.
Africa
African Freight Platform Lori Systems completed nearly $30 million in Series A financing. It was learned that this round of financing was jointly led by Qingliu Capital and Gaochun Capital. The investors included DST’s Apoletto Fund, EchoVC, Timon Capital, Raba VC, Endeavor Catalyst, Flexport CEO and Nigeria Financial Technology Corporation. Founder of Flutterwave.
Locating Africa’s first China-Africa incubator“Rongcheng Innovation” won a strategic investment in Gobi Venture Capital and Voice Holdings. According to the introduction, this round of financing will be used for project incubation support, office space construction and enterprise service business construction. Research and study, corporate services and early investment are the three current business segments of Fact Innovation.
South Africa Hlayisani Growth Fund’s Hlayisani Growth Fund invested in six companies in 2019, with a total value of 200 million South African Rand (about $13.5 million). According to Disrupt Africa, the Hlayisani Growth Fund has been in operation since the beginning of 2019, with a focus on agricultural innovation, information technology, manufacturing, education and e-health.
Other
Israel SaaS platform Namogoo completed $40 million in Series C financing. According to Techcrunch, the current round of financing was led by the UK venture capital Oak HC/FT. 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.
文 | Guo Shen@出海;
编 | Zhao Xiaochun@出海
Picture|Pexels
