Singapore: Used car platform Carro raises $716k seed funding from angel investors

By
Posted

Singapore-based second-hand car selling platform Carro has raised S$1M ($716,000) in seed funding from a group of unspecified angel investors. Carro connects used car sellers and buyers through its online and mobile platform, cutting out middlemen such as dealers, classifieds and mechanics. The company has already certified over 100 vehicles and is… Read more »

India: Quintype launches accelerator programme SpeakWrite to back digital media startups

By

Bangalore and California-based Quintype, a data-driven digital publishing company, has launched SpeakWrite, an accelerator programme that will invest in promising startups in the digital media space. The programme will advise, mentor, design, develop, and help launch the sites and apps of the selected startups into the real world, Quintype said in… Read more »


Malaysia: Platform to book cleaners MaidEasy raises Series A from Intres Capital

By

Malaysia-based home cleaning service facilitator MaidEasy has raised a Series A in the single-digit million range (in Malaysian Ringgit) from Intres Capital, according to an executive close to the deal. Another person familiar with the development said the funding would be used by the startup to increase the rollout of its… Read more »


India: EdTech start-up Shirsa Labs raises $250K in angel funding from ah! Ventures

By

Education tech start-up Shirsa Labs has raised $250,000 in angel capital funding from start-up focused fund ah! Ventures. Founded in 2013 by Sukhada Tendulkar and Mandar Desai, Shirsa Labs uses online engagement platform ‘Planet of GUI’ to entertain and educate children mainly in the age group of 6-13 age. The… Read more »


Ratan Tata makes second investment in overseas firm, puts money in Hotmail co-founder Sabeer Bhatia’s US firm

By

In his second disclosed investment in an overseas firm, Tata Sons chairman emeritus and prolific investor Ratan Tata has now placed his bets on California-headquartered Sabse Technologies Inc, whose CEO is Sabeer Bhatia, co-founder of Hotmail. This development comes within weeks after Tata invested in Abra, a US-based bitcoin-enabled remittance startup,… Read more »


APAC draws global VC money, with India and China in the lead: Aranca

By

Global venture capital (VC) firms are gradually shifting their focus to Asia-Pacific, as the booming technological ecosystem in emerging markets beckons those seeking a share of the pie. Aranca, a research and analytics services provider, said in a report on global VC trends that the startups in the developed markets, such… Read more »


Singapore: Tech for public transport AxleRate on road to raise $5m in Series A, led by Mercatus Capital

By

AxleRate Pte Ltd, a passenger engagement and security platform provider, is seeking to raise its Series A funding of S$7 million ($5 million), in a round led by Mercatus Capital. An executive from Mercatus told DEALSTREETASIA that the firm is leading the round, to raise from venture capital firms particularly in Singapore… Read more »


India: Online test prep platform Toppr raises $2m in venture-debt from InnoVen Capital

By

Toppr, an online platform that helps students prepare for entrance tests and board exams, on Wednesday said it has raised $2 million from venture-debt provider InnoVen Capital, in a deal finalized in the last week of September. Venture debt is one way that start-ups that have raised some money and… Read more »


Jakarta’s food-tech firm Qraved raises $8m Series B from Richmond Global Ventures, Gobi Partners

By

Jakarta-based food service venture, Qraved, has raised an $8-million Series B financing, co-led by Richmond Global Ventures and Gobi Partners, for the enhancement of the service’s mobile and web applications. The Series B round is also followed by new investor, GWC and existing investors Convergence Ventures, 500 Startups, Toivo Annus… Read more »


Asset financing firm Origa raises $1m from 500 Startups, ah!Ventures

By

Asset leasing solutions company Origa Renting Pvt. Ltd said on Wednesday that it had raised Rs7 crore in funding from 500 Startups, an accelerator and investment fund, ah! Ventures and a group of angel (individual) investors. The company founded in 2013 by Shrirang Tambe is looking to use the funds… Read more »