Weekly roundup: Indonesian edtech startup Gredu raises $4m and other SE Asia deals

Gredu, an Indonesian education technology (edtech) startup has announced the completion of a $4-million Series A funding round anchored by venture capital firm Intudo Ventures.

Existing investor Vertex Ventures, a Temasek-backed VC, also participated in the funding round that will finance Gredu’s expansion outside of the Greater Jakarta Region.

Gredu offers subscription-based services that allow schools and teachers to track the performance and progress of students in line with the national curriculum. The startup said it partners with over 400 schools.

It also works with school districts and administrators to improve oversight and effectiveness of instruction, targetting Indonesia’s K-12 National Curriculum, which includes both public and private schools.

Gredu said the fresh funding will be used to expand in major cities throughout Indonesia. It also seeks to accelerate product development and recruit new hires across all functions.

“We are confident about the market and growth of digitalisation in the education sector and aim to expand our business nationwide and regionally through the next year,” said Rizky Anies, co-founder and CEO of Gredu.

SG-based beauty retailer OsakaKuma raises $6m

OsakaKuma, a Singapore-based retailer of Japanese beauty and personal care products, announced raising $6 million in its pre-Series A funding round.

The latest funding comes less than a year after the company raised $2 million in seed funding as it launched in the midst of a global pandemic.

OsakaKuma did not provide details about its investors but said the funding positions itself as the first beauty and personal care store in Singapore to offer a data-driven product selection of best-selling and exclusive Japanese beauty and personal care brands.

The company uses data gathered from 100,000 surveyed customers from 15 online stores worldwide, seven physical stores in Japan, one physical store in Hong Kong, and two physical stores in Singapore.

Using the data, OsakaKuma can target consumers’ needs and demands in a precise manner instead of relying on mindless guessing.

“We believe that data can provide access to analyses of consumer needs and we want to do that via the different channels available – online and offline,” says Tony Wang, CEO and co-founder of OsakaKuma.

SOUTHEAST ASIA DEAL MONITOR

DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning July 5.

Expand Table

StartupsHeadquarterInvestment SizeInvestment StageLead Investor(s)Other Investor(s)Industry / Verticals
LocadPhilippines$4,900,000SeedSequoia Capital India's SurgeAntler, Febe Ventures, Foxmont, GFC, Gokongwei Family, Hustle FundLogistics Technology
Educa CorporationVietnamRedefine Capital FundEdtech
Space TVietnamPre-Series ASnow, The Invention LabProptech
OsakaKumaSingapore$6,000,000Pre-Series ARetail
Outsource AcceleratorPhilippines$1,500,000CapchaseBusiness Advisory
AllozymesSingapore$5,000,000SeedXora InnovationSOSV, Entrepreneur First, TI Platform ManagementBiotech
Skills UnionSingapore$1,500,000SeedOnline Education ServicesKDV, Hustle FundEdtech
GreduIndonesia$4,000,000Series AIntudo VenturesVertex VenturesEdtech
JanioSingapore$8,000,000Choco UpLogistics
HiLife InteractiveSingapore$5,900,000Shanghai 2345 Network Proptech
MoneyMatchMalaysia$4,400,000Series ACradel Seed Ventures, KAF Investment BankMalaysia Debt VenturesFintech
MiRXESSingapore$77,000,000Series CCR-CP Life Science FundRock Springs Capital, Charoen Pokphand Group, EDBIBiotech
CoolmateVietnam$500,000Next100Ecommerce

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.