Welcome to another Daily Markup monthly roundup. This issue covers major stories in the month of May, plus news you may have missed.
Six 500-backed startups across Indonesia, Singapore, Pakistan, and Malaysia successfully raised funding this month, including one new addition to the #500Strong family, Una Brands. Meanwhile, two 500-backed Indonesian startups have come together to launch a new feature. Read on to find out more.
Funding news
- Robo-advisor Bibit raises US$65m in funding
- BukuKas closes US$50M in one step closer to serving 20 million SMEs
- Una Brands raises US$40M to buy and grow businesses
- Retailo closes US$6.7M, served 30,000 retailers so far
- ESPL raises seven-digit funding, pledges to grow grassroots gaming
- iPrice Group raises US$1.5M to continue serving SEA consumers
Partnerships
- Japanese partnerships to boost Aerodyne’s work in agriculture
- Bukalapak & Kredivo launch 0% interest ‘buy now, pay later’ feature
- Prenetics provides at-home COVID-19 testing for Virgin Atlantic travelers
- Braintree Technologies to receive US$200K from accelerator program
- Horangi one of first APAC cybersecurity firms on Amazon Web Services
Other stories you may have missed:
- Pomelo has opened its first physical store in Malaysia.
- Grab unveils new ride options for pets & people.
- CEO and co-founder of on-demand job marketplace GoGet, Francesca Chia, has been appointed to the National Employment Council (NEC) in Malaysia.
- Financial settlement network EMQ partnered with organizations in India to support relief work in supplying oxygen as well as distributing food, medical and hygiene supplies.
- Three 500-backed companies Ayannah, Jala Tech, and MYCL has been featured in e27 Luminaries for their work in making life easier through tech in emerging markets.
Missed out the last Daily Markup? Go here to check it out.
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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.
This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.
