Weekly roundup: Malaysia’s B2B marketplace Lapasar raises $1.8m and other SE Asia deals

Lapasar, a B2B marketplace based in Kuala Lumpur, announced raising 7.5 million ringgit ($1.8 million) in its latest funding round led by shopper360 Limited, which is part of startup accelerator and investor NEXEA.

The startup, led by Thinesh Kumar, Lakshmandas, Dennis Raj, and Noomi Fessler, said it will use the fresh capital to accelerate the growth of its wholesale business. Lapasar targets serving 10,000 grocery stores, restaurants, and hawker stalls over the next 24 months.

Lapasar started entering the FMCG wholesale market only in June 2020, helping the company grow 172% year-on-year since its $500,000 seed funding in 2019.

The startup launched as a B2B marketplace that connects corporates to suppliers of products and services across Malaysia. It claims to have a database of over 10,000 suppliers of products and services from all over Malaysia.

SG fintech startup Few¢ents raises $1.6m in seed funding

Few¢ents, a Singapore-based fintech-for-media startup, announced raising $1.6 million in a seed funding round backed by venture capital firms M Venture Partners and Hustle Fund.

A host of angel investors, including Kenneth Bishop, former Facebook managing director for Southeast Asia, have participated in the fundraising that the startup said will finance the enhancement of its proprietary pay-per-content solution.

Founded by Abhishek Dadoo and Dushyant Khare, Few¢ents helps digital publishers unbundle and monetise premium content such as articles, videos, and podcasts via a pay-per-content service that sits on the publishers’ sites.

Khare led partnerships for Google with the region’s largest publishers for 13 years while Dadoo previously co-founded online-to-offline attribution platform Shoffr, which was acquired by Affle in 2019.

The startup currently works with publishers and media platforms across Asia and Europe, including India’s leading vernacular dailies Sakal and Dainik Jagran and Indonesian tech news platform DailySocial.

SOUTHEAST ASIA DEAL MONITOR

DealStreetAsia has also put together a table listing out prominent venture capital transactions in Southeast Asia in the week beginning May 3.

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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.