Daily Markup #230: This week’s top stories on funding news from Glints and Friz, Xfers’ major milestone with its tokenized currency, and more

Credit: The Business Times

This week’s funding news:

  • Career platform Glints has raised US$22.5 million in a Series C funding in what its co-founder and CEO Oswald Yeo says is the largest funding round to date for a talent platform in Southeast Asia. Read the full story on Daily Markup here.
  • Friz, a fintech startup focused on financial services for freelancers, has raised an undisclosed amount in pre-seed funding. More details here.

Major milestones:

Startups that team up:

  • e-commerce startup Bukalapak announced a series of collaborations with multiple Indonesian FMCG companies, including Unilever, Danone, and Coca-Cola Amatil, in a commitment to focusing on distribution services and stock availability for Mitra Bukalapak partners. Details on the collaborations here.
  • B2B e-commerce startup Retailo has partnered with Maersk, a global logistics company, for warehousing services in Pakistan, enabling Retailo to rely on Maersk for its expanding business needs.
  • Digital signage startup Enplug has been acquired by Spectrio, a marketing solutions provider based in Florida, US. Get the details here.
  • Supply chain startup Escavox worked with Purfresh on a solution to create a true end-to-end farm to destination service by providing real-time cargo monitoring services. Read about the partnership here.

On knowledge sharing:

New beginnings:

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  • Earlier this year, e-commerce startup Carousell launched the Carousell Media Group, a marketing platform for Carousell’s brands. Read our summary of its feature in KrAsia here.

Other stories you may have missed:


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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.

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