A weekly newsletter summarizing recent activity and interesting startups in South East Asia.
INTERESTING COMPANIES FOUND
PopScoot (2017, Singapore) – App based platform for rent electric scooter. Global Comparable include Qdigo (2016, Shanghai, $7.26M) and Mute (2016, South Perth, $1.3M).
WhatTheFAQ (2016, Jakarta) – Widget for on-demand contextual help. Global Comparable include AnswerDash (2012, Seattle, $5.8M) and Elev (2014, Moonee Ponds).
SEA – FUNDING UPDATES
Ayopop raises funding
Ayopop (2016, Jakarta). an Indonesian bills payment mobile app, raises an undisclosed amount in Series A led by Finch Capital.
Pathao raises funding
Pathao (2015, Dhaka), an online platform for last mile delivery and ride-hailing, raises $2M in Series A from Go-Jek.
Digix raises funding
Digix (2014, Singapore), a P2P digital assets provider, raises $1.3M in Seed funding from Global Brain and Fenbushi Capital.
Change raises funding
Change (2016, Singapore), a cryptocurrency based wallet, raises $1.7M in ICO round.
Kryptos-X raises funding
Kryptos-X(2017, Singapore), an early-stage cryptocurrency exchange, raises $1M in Seed funding from Fatfish InternetGroup.
DedaaBox raises funding
DedaaBox (2016, Yangon), a mobile learning app, raises an undisclosed amount in undisclosed series from BOD Tech.
SEA – RECENT DEVELOPMENTS
Blibli acquires Indonesia Flight
Blibli, an e-commerce company, acquires Indonesia Flight, a Jakarta based online travel agency, for an undisclosed amount.
Telkom acquires TS Global Network for $26M
Telekomunikasi Indonesia, a telco firm, acquires TS Global Network, a Malaysia based satellite operator, for $26M.