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.
|Startups||Headquarter||Investment Size||Investment Stage||Lead Investor(s)||Other Investor(s)||Industry / Verticals|
|Locad||Philippines||$4,900,000||Seed||Sequoia Capital India's Surge||Antler, Febe Ventures, Foxmont, GFC, Gokongwei Family, Hustle Fund||Logistics Technology|
|Educa Corporation||Vietnam||Redefine Capital Fund||Edtech|
|Space T||Vietnam||Pre-Series A||Snow, The Invention Lab||Proptech|
|Outsource Accelerator||Philippines||$1,500,000||Capchase||Business Advisory|
|Allozymes||Singapore||$5,000,000||Seed||Xora Innovation||SOSV, Entrepreneur First, TI Platform Management||Biotech|
|Skills Union||Singapore||$1,500,000||Seed||Online Education Services||KDV, Hustle Fund||Edtech|
|Gredu||Indonesia||$4,000,000||Series A||Intudo Ventures||Vertex Ventures||Edtech|
|HiLife Interactive||Singapore||$5,900,000||Shanghai 2345 Network||Proptech|
|MoneyMatch||Malaysia||$4,400,000||Series A||Cradel Seed Ventures, KAF Investment Bank||Malaysia Debt Ventures||Fintech|
|MiRXES||Singapore||$77,000,000||Series C||CR-CP Life Science Fund||Rock Springs Capital, Charoen Pokphand Group, EDBI||Biotech|