SEA digest: SOSV backs Indonesia’s Giladiskon; SG’s Potato Play raises $500k

Photo: Giladiskon

Indonesia’s deals platform Giladiskon has landed an investment from US-based venture capital firm SOSV, while Singapore-based mobile games startup PotatoPlay has raised a $500,000 round led by Play Ventures.

Indonesia’s deals platform Giladiskon secures SOSV investment 

Indonesia’s deals platform Giladiskon on Monday announced that it has raised an undisclosed investment from US-based venture capital firm SOSV.

The investment follows Giladiskon’s recent graduation from SOSV’s accelerator program, Mobile Only Accelerator (MOX).

Founded in 2017, the startup enables restaurants and lifestyle retailers to offer promotions, deals and discounts to 1.5 million users on its platform. Paying members get access to exclusive promotions.

The startup said it will invest the fresh capital in product development and accelerating the onboarding process for merchants on its platform.

Giladiskon claims to have partnered with over 350 restaurants from family-owned shops to KFC and claims to have driven $400,000 in revenue for its partners.

“We are committed to helping three million F&B and lifestyle SMEs in Indonesia get more exposure to customers at zero cost,” said Giladiskon CEO Fandy Santoso.

Singapore gaming startup bags $500k from Play Ventures

Singapore-based mobile game publisher PotatoPlay has raised $500,000 in a pre-seed funding round led by early-stage venture capital fund Play Ventures.

The financing will be used to grow Potato Play’s marketing and product management team as well as expand its partnerships in China, South Korea and Vietnam, the startup said in a statement.

Potato Play said it has brought over 20 games to market in less than a year of operation. The company’s games, including Merge Quest, Crossing Gaps and Pocket Racing, have been downloaded over 10 million times, it added.

“Asian games are dominating global top charts – more than half of the top 10 revenue grossing mobile games are made by established Asian developers. But startup studios in Asia face steep challenges in marketing and monetising them, even in their home countries,” said Potato Play CEO Vincent Low.

“We have our sights set on working with mobile game makers across Asia, particularly in China, as well as South Korea and Vietnam,” added its co-founder Kingsley Joseph.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.