{"id":633,"date":"2020-08-25T00:00:00","date_gmt":"2020-08-25T00:00:00","guid":{"rendered":"https:\/\/markupbackup.wordpress.com\/2021\/07\/21\/durians-daily-81-indonesias-bukukas-secures-us9-million-pre-series-a-funding-drone-tech-firm\/"},"modified":"2021-07-23T07:39:16","modified_gmt":"2021-07-23T07:39:16","slug":"durians-daily-81-indonesias-bukukas-secures-us9-million-pre-series-a-funding-drone-tech-firm","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=633","title":{"rendered":"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026"},"content":{"rendered":"<figure><img decoding=\"async\" data-width=\"493\" data-height=\"533\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1wk9f3Qtvn8WbNYtf_-2ggA.png\"><\/figure>\n<p><strong>Money in the bag<\/strong><\/p>\n<ul>\n<li>500-backed financial management platform BuKuKas has raised US$9 million in pre-Series A funding to upgrade its product offerings and build market share in Indonesia.<\/li>\n<li>Investors include Sequoia Capital India\u2019s Surge, Saison Capital, Speedinvest, S7V, January Capital, and Cambium Grove Capital.<\/li>\n<li>\u201cThe speed at which BukuKas has grown in the last eight months since launch has shown us that more than ever, Indonesian small businesses are ready to go digital.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1280\" data-height=\"976\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9fd49232.jpg\"><figcaption class=\"wp-caption-text\">Credit: BukuKas<\/figcaption><\/figure>\n<ul>\n<li>\u201cSeventy-three percent of merchants are outside of tier-one cities today\u200a\u2014\u200aand very few products and services are built for them. BukuKas is committed to reaching them, as they are the real Indonesia, the spine of our economy,\u201d said co-founder Krishnan Menon.<\/li>\n<li>Krishnan and Lorenzo Peracchione founded BukuKas in 2019 to help Indonesia\u2019s MSMEs manage their bookkeeping via a user-friendly mobile app.<\/li>\n<li>With many micro-entrepreneurs still relying on pen and paper to record their expenditures, BukuKas\u2019 solutions provide end-to-end visibility on cash flow, allowing them to stay updated with the health of their businesses through a digital lens.<\/li>\n<li>At the moment, BukuKas has over <a href=\"https:\/\/www.businesstimes.com.sg\/garage\/digital-ledger-app-bukukas-raises-us9m-in-pre-series-a-round\" target=\"_blank\" rel=\"noopener\">800,000<\/a> small merchants and retailers on its platform.<\/li>\n<li>Congrats to the BukuKas team for a successful round!<\/li>\n<\/ul>\n<p><strong>Drones in Canada<\/strong><\/p>\n<ul>\n<li>Through its US-based headquarters, 500-backed Aerodyne Group has entered into a joint venture agreement with The Sky Guys, Canada\u2019s top drone operator.<\/li>\n<li>As a result, Aerodyne will leverage The Sky Guys\u2019 presence to expand its portfolio of AI-driven enterprise drone solutions to potential customers in Canada.<\/li>\n<li>The Sky Guys serves more than 600 clients across a wide range of sectors and is ranked among the top 20 drone operators globally.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"1600\" data-height=\"993\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9fdaaadc.jpg\"><figcaption class=\"wp-caption-text\">Credit: The Sky\u00a0Guys<\/figcaption><\/figure>\n<ul>\n<li>Kamarul A Muhamad, founder of Aerodyne Group <a href=\"https:\/\/aerodyne.group\/en\/aerodyne-canada.html\" target=\"_blank\" rel=\"noopener\">said<\/a>, \u201cOpportunities come to us on a global scale and we have been witnessing a strong demand from Canada as well. The country is already ahead of the game when it comes to developing applications for drones for commercial purposes. We see a huge potential for our inventive and disruptive UAV inspections in the mining, oil and gas, and renewable energy sectors in Canada.\u201d<\/li>\n<li>With the latest partnership, Aerodyne continues to grow its global imprint following expansion plans to <a href=\"https:\/\/aerodyne.group\/en\/aerodyne-measure.html\" target=\"_blank\" rel=\"noopener\">North America<\/a> and <a href=\"https:\/\/aerodyne.group\/en\/download\/ICD%20signs%20MoU%20with%20Aerodyne%20P%20Release%2020%20May%202020.pdf\" target=\"_blank\" rel=\"noopener\">the Middle East<\/a>.<\/li>\n<li>Last month, Aerodyne <a href=\"https:\/\/dailymarkup.com\/\/durians-daily-68-aerodyne-works-with-leading-uk-port-operator-for-drone-solutions-engplugs-a2452fae035d\" target=\"_blank\" rel=\"noopener\">announced<\/a> it has been working with Associated British Ports (ABP), a leading port owner and operator in the UK. BP operates 21 ports in the United Kingdom, managing around 25% of the UK\u2019s sea-borne trade.<\/li>\n<\/ul>\n<p><strong>Scooting in Canberra<\/strong><\/p>\n<ul>\n<li>750 Neuron e-scooters will <a href=\"https:\/\/www.carsguide.com.au\/urban\/news\/e-scooters-in-canberra-act-government-partners-with-neuron-mobility-to-establish-public\" target=\"_blank\" rel=\"noopener\">soon be deployed<\/a> on Canberra\u2019s streets as part of the city\u2019s first e-scooter program.<\/li>\n<li>Covered in the distinctive orange shade, the N3 e-scooters will come with a suite of offerings ensuring to make every ride safe and comfortable for users.<\/li>\n<li>Neuron is working with the Australian Capital Territory (ACT) Government to bring a range of world-first safety features and pioneering innovations to the city, including: an app-controlled helmet lock, geofencing control, a 000 emergency button, voice guidance, and topple detection.<\/li>\n<li>Riders will be able to book the N3 e-scooters via Neuron Mobility\u2019s smartphone app, with single trips costing AU$1 to unlock and then 38 cents per minute.<\/li>\n<\/ul>\n<figure class=\"wp-caption\"><img decoding=\"async\" data-width=\"862\" data-height=\"575\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9fe155b0.jpg\"><figcaption class=\"wp-caption-text\">Credit: ABC<\/figcaption><\/figure>\n<ul>\n<li>Neuron is the leading e-scooter operator in Australia and New Zealand. Founded in Singapore in 2016, the company operates in eight locations including Brisbane, Darwin, Adelaide, and Auckland.<\/li>\n<li>\u201cE-scooters are a great way for people to travel in a safe, convenient and socially-distanced way, and elsewhere in Australia they are helping cities bounce back from the pandemic,\u201d Zachary Wang, CEO and co-founder of Neuron Mobility said.<\/li>\n<\/ul>\n<hr>\n<p><strong>Missed out the last Daily Markup? Go <\/strong><a href=\"https:\/\/dailymarkup.com\/\" target=\"_blank\" rel=\"noopener\"><strong>here<\/strong><\/a><strong> to check it out.<\/strong><\/p>\n<p><strong>You can also find us on <\/strong><a href=\"https:\/\/www.linkedin.com\/company\/500-durians\/\" target=\"_blank\" rel=\"noopener\"><strong>LinkedIn<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/www.facebook.com\/500durians\/\" target=\"_blank\" rel=\"noopener\"><strong>Facebook<\/strong><\/a><strong>, <\/strong><a href=\"https:\/\/twitter.com\/500Startups_SEA\" target=\"_blank\" rel=\"noopener\"><strong>Twitter<\/strong><\/a><strong>, and <\/strong><a href=\"https:\/\/www.instagram.com\/500durians\/?hl=en\" target=\"_blank\" rel=\"noopener\"><strong>Instagram<\/strong><\/a><strong>.<\/strong><\/p>\n<figure><img decoding=\"async\" data-width=\"400\" data-height=\"400\" src=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/img_60f7d9fe613d9.jpg\"><\/figure>\n<p>500 Startups is a venture capital firm on a mission to discover and back the world\u2019s 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.<\/p>\n<hr>\n<p><em>This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively \u201c500 Startups\u201d) 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\u2019 markets, competitors, performance, and fundraising has been provided by those companies\u2019 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.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Money in the bag 500-backed financial management platform BuKuKas has raised US$9 million in pre-Series A funding to upgrade its product offerings and build market share in Indonesia. Investors include Sequoia Capital India\u2019s Surge, Saison Capital, Speedinvest, S7V, January Capital, and Cambium Grove Capital. \u201cThe speed at which BukuKas has grown in the last eight [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[334,360,356],"class_list":["post-633","post","type-post","status-publish","format-standard","hentry","category-daily","tag-aerodyne","tag-bukukas","tag-neuron-mobility"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026 - Markup<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/dailymarkup.com\/?p=633\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026 - Markup\" \/>\n<meta property=\"og:description\" content=\"Money in the bag 500-backed financial management platform BuKuKas has raised US$9 million in pre-Series A funding to upgrade its product offerings and build market share in Indonesia. Investors include Sequoia Capital India\u2019s Surge, Saison Capital, Speedinvest, S7V, January Capital, and Cambium Grove Capital. \u201cThe speed at which BukuKas has grown in the last eight [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/dailymarkup.com\/?p=633\" \/>\n<meta property=\"og:site_name\" content=\"Markup\" \/>\n<meta property=\"article:publisher\" content=\"http:\/\/facebook.com\/500southeastasia\" \/>\n<meta property=\"article:published_time\" content=\"2020-08-25T00:00:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2021-07-23T07:39:16+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1wk9f3Qtvn8WbNYtf_-2ggA.png\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Felicia Chia\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"5 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebSite\",\"@id\":\"https:\/\/dailymarkup.com\/#website\",\"url\":\"https:\/\/dailymarkup.com\/\",\"name\":\"Markup\",\"description\":\"Serving bite-sized news on 500 Southeast Asia&#039;s portfolio companies and insights to fuel your momentum in life and business.\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/dailymarkup.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/?p=633#primaryimage\",\"url\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1wk9f3Qtvn8WbNYtf_-2ggA.png\",\"contentUrl\":\"https:\/\/dailymarkup.com\/wp-content\/uploads\/2021\/07\/1wk9f3Qtvn8WbNYtf_-2ggA.png\",\"width\":493,\"height\":533},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/dailymarkup.com\/?p=633#webpage\",\"url\":\"https:\/\/dailymarkup.com\/?p=633\",\"name\":\"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026 - Markup\",\"isPartOf\":{\"@id\":\"https:\/\/dailymarkup.com\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=633#primaryimage\"},\"datePublished\":\"2020-08-25T00:00:00+00:00\",\"dateModified\":\"2021-07-23T07:39:16+00:00\",\"author\":{\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\"},\"breadcrumb\":{\"@id\":\"https:\/\/dailymarkup.com\/?p=633#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/dailymarkup.com\/?p=633\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/dailymarkup.com\/?p=633#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/dailymarkup.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026\"}]},{\"@type\":\"Person\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/9500d05faff850f12de850d9051b7b67\",\"name\":\"Felicia Chia\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/dailymarkup.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/b574d076fbdac43064ec75a7d589d309319c819283cc558025e0ef88192ee849?s=96&d=mm&r=g\",\"caption\":\"Felicia Chia\"},\"url\":\"https:\/\/dailymarkup.com\/?author=7\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026 - Markup","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/dailymarkup.com\/?p=633","og_locale":"en_US","og_type":"article","og_title":"Daily Markup #81: Indonesia\u2019s BukuKas secures US$9 million pre-Series A funding; Drone tech firm\u2026 - Markup","og_description":"Money in the bag 500-backed financial management platform BuKuKas has raised US$9 million in pre-Series A funding to upgrade its product offerings and build market share in Indonesia. 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