SEA Digest: Indonesia’s Astro, SG underwater robot maker BeeX raise capital

BeeX's robot being tested. Source: BeeX.

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.

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.