Indonesia’s quick commerce startup Astro and Singapore-based underwater robot maker BeeX have raised seed funding.
Indonesia’s Astro bags $4.5m in seed round
Indonesia’s quick commerce startup Astro has bagged $4.5 million in a seed round participated by Global Founders Capital, AC Ventures, Lightspeed Venture Partners, and Goodwater Capital.
Astro co-founder and CEO Vincent Tjendra said the funding will help the company meet working capital needs and business expansion to more areas in the capital city.
Astro, which started operations in September 2021, offers over 1,000 product options starting from grocery to medicine. It offers delivery in only 15 minutes to its customers. Going forward, Astro targets to cover Jakarta and parts of Greater Jakarta by December.
SG-based underwater robot maker BeeX bags seed funding
Singapore-based BeeX, a startup that makes underwater robots, has raised a seed round led by Cap Vista, with participation from Quest Ventures’s maritime fund, IMC Ventures, SEEDS Capital, and the National University of Singapore (NUS).
BeeX’s founder Grace Chia declined to disclose the amount raised.
Founded in 2018, BeeX creates autonomous robots that can be programmed before they are deployed in shallow waters and can be monitored remotely. The robots rely on data from cameras and underwater acoustics to run on autopilot.
The startup, which spun off from a NUS project, will use the fresh funds to expand its team from 10 to 14, Chia said, and improve its product.
The robots are currently used by two Singapore government agencies to detect anomalies and adverse changes in underwater infrastructure. The startup says its robots can be used at floating solar farms, coastal jetties and refinery plants, and are cheaper and safer than getting human divers to do inspections.