In addition, Sequoia led the investment in the B1B agricultural product platform Bijak of India with USD 11.8 million in Series A financing; the Indian online grocery brand Grofers plans to invest USD 50 million to strengthen its supply chain and private label.
Southeast Asia
Gojek has completed the acquisition of Indonesian POS system platform Moka. According to DealStreetAsia, Moka was founded in 2014 to provide end-to-end POS and payment solutions for Indonesian SMEs. It is reported that Moka completed a US $ 24 million Series B financing in 2018, and Sequoia Capital and Softbank participated in this round of financing.
Facebook is negotiating with GoPay, OVO and LinkAja to initiate mobile payments. According to DealStreetAsia, three Indonesian digital fintech companies are working with Facebook to apply for regulatory approval to launch mobile payments in the country. If the plan is approved, the three Indonesian companies will become one of the first service providers of Facebook Pay. Through the service, users of different platforms such as WhatsApp and Instagram can make payments without exiting the application.
Singapore PE Chartered Group and the Israeli Ministry of Defence jointly launched a US $ 500 million fund that will target the deep technology sector. According to DealStreetAsia, Chartered Group will allocate USD 50 million to its Japanese-Israeli high-tech venture capital company (JIHTV2), which will make private equity and quasi-equity investments in technology companies related to Israel Double commercialization of products with Israel.
Singapore ’s digital bank FOMO enters Malaysia. According to e27 report, Singapore-based digital bank FOMO has worked with OCBC Bank Malaysia to develop OneCollect, the first merchant cross-border QRcode collection service product of OCBC Bank.
India
India ’s online grocery brand Grofers plans to invest US $ 50 million to strengthen its supply chain and private label.
Sequoia leads the Indian B2B agricultural platform Bijak with a $ 11.8 million Series A financing. According to Inc42, Sequoia Capital, Russian technology bonus Ru-Net, German asset management company AL Trust, Tempo Ventures and Indian agricultural technology venture capital Omnivore Partners participated in this round of investment. Bijak was established in 2019, mainly providing trade tracking, price information and logistics information services for traders, wholesalers and food processors
Indian facial recognition technology company Orbo.ai acquires American AI company Gemia. According to Inc42, Orbo.ai will continue to provide products and services for Gemia users through user subscription. At the same time, Orbo.ai will also use Gemia’s photo enhancement software to enhance its product suite. Gemia’s tools will help Orbo.ai accelerate its expansion in media and entertainment. Orbo.ai was founded by Manoj Shinde in 2015. It uses deep learning technology to automatically improve images and enhance the resolution of pictures and videos. Orbo.ai combines machine learning and facial recognition to provide visual enhancement services to the media, entertainment, manufacturing and healthcare industries.
Latin America
In order to help small and medium-sized enterprises, Brazilian e-commerce company Mercado Pago announced that it will expand the credit line of 114 million US dollars. According to Contxto, Mercado Libre has deployed the lending market through its financial services department, Mercado Pago. To help SMEs, Mercado Pag