SEA Digest: Botsync raises funds; EME, two others set up AdsZay

Closeup photo of white robot arm. Source: Franck V./Unsplash

Singapore-based robotics startup Botsync has raised an undisclosed sum in a seed funding round while Myanmar-based early-stage investor EME and Japanese investor Seiji Kurokoshi, together with e-commerce startup Ezay, have announced the formation of a new company AdsZay. 

Singapore’s Botsync raises seed round

Singapore-based robotics startup Botsync has raised an undisclosed sum in a seed funding round led by SGX-listed diversified group Wong Fong Industries Ltd, Enterprise Singapore’s investment arm SEEDS Capital, Hong Kong-based Angelhub and APAC-focused alternative investment firm Artesian Venture Partners. 

Founded in 2017, Botsync enables companies to simplify the automation of their material movement processes with an intelligent fleet of autonomous mobile robots that can transport payloads between 500 and 1000 kg.

The company claims that after deploying Botsync robots, users are estimated to enjoy an overall cost reduction of their material handling operations by up to 45 percent.

Botsync was incubated at the EcoLabs Centre of Innovation for Energy (EcoLabs), Nanyang Technological University, Singapore (NTU Singapore).

Botsync’s early investors include Brinc and Nanyang Technological University’s Ecolabs Center of Innovation. 

Myanmar’s EME sets up AdsZay along with two investors

Myanmar-based early-stage investment firm Emerging Markets Entrepreneurs (EME) and Japanese investor Seiji Kurokoshi, together with e-commerce startup Ezay, have announced the formation of a new company, AdsZay with a combined six-figure investment.

AdsZay will leverage the rural shopkeeper network created by Ezay to allow FMCG companies, telco firms and other key players seeking to expand their reach to rural areas.

“Convenience stores in Japan are hubs of information in their communities. We see the same thing in rural areas of Myanmar. AdsZay will upgrade these stores and provide them with new and exciting ways to serve customers while also helping leading brands offer products to new geographies,” said Seiji Kurokoshi.

In March, Yangon-based rural e-commerce startup raised $200,000 in a funding round led by Seiji Kurokoshi. EME, which led a six-digit seed round in Ezay last November, also joined in the current round of investment.

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.