Daily Markup

Daily Markup #957: Top stories in March on over US$29M raised to serve unbanked MSMEs and empower entrepreneurs in Indonesia, and more

March 29, 2024 · 2 min read

Startups in Indonesia were on a roll this month, with 500-backed companies Fairbanc, Alodokter, and Komerce raising funds to reach more Indonesians with greater financial access, digital healthcare, and eCommerce solutions respectively. Meanwhile in India, Pandorum Technologies is one step closer to a cure for corneal blindness.

Missed our last highlights issue? Check it out here.

Photo credit: Towfiqu barbhuiya on Unsplash
  • Fairbanc secures US$13.3M in debt financing to serve more unbanked MSMEs in Indonesia and expand to Vietnam and the Philippines
  • Pandorum secures US$11M to advance their ‘liquid cornea’ technology for treating corneal blindness in humans
  • Alodokter secures US$5.2M to further develop their digital healthcare ecosystem for 25 million users
  • Komerce raises Seed funding to empower entrepreneurs in Indonesia with end-to-end eCommerce solutions
  • eFishery acquihires AI IoT startup to ramp up their expansion; 10 new products in the pipeline
  • Grab achieved $11M profit in Q4’23 and generated $11B for their partners in 2023
  • iMotorbike Co-founder Sharmeen Looi leads the charge in creating an inclusive environment in a male-dominated industry
  • MYCL’s biodegradable materials make their way to multiple industries, from fashion and construction to disaster relief
  • Transcelestial rises to the geographical challenge of bringing Internet to the islands and mountains of rural Philippines
  • XING Mobility geared up to meet the demand for safe, effective, and cost-efficient batteries for electric vehicles
  • Aerodyne and DroneDash eye world’s first cross-border drone delivery for higher efficiency and lower carbon emissions
  • Lingokids becomes the #1 app for preschoolers and reaches 78M+ families worldwide, all through organic growth strategies
  • eFishery and JALA’s technology set to help Indonesian farmers capture rising global demand for seafood
  • Grab launches inclusive program to empower women across Southeast Asia to achieve economic independence

Other stories you may have missed:

  • Grab launched their Grab Service Centre’ at Don Mueang Airport in Thailand to provide travel information, guidance, and on-demand ride-hailing services
  • Through a collaboration with The National Population and Family Planning Board in the Special Region of Yogyakarta, Dagangan aims to provide basic necessities to the community and  assist the local government in ensuring that nutritious basic goods stocks are met during the month of Ramadhan
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