SEA Digest: Vertex Ventures backs Gredu; Vynn Capital leads Epost round

Epost team

Jakarta-based edtech startup Gredu has announced a pre-Series A financing from Vertex Ventures, while Malaysian e-commerce and logistics service provider Epost has raised a $700,000 seed round led by Vynn Capital.

Indonesian’s Gredu snags pre-Series A funding from Vertex Ventures

Indonesian education technology startup Gredu has secured an undisclosed sum from Vertex Ventures, the venture capital arm of Singapore state-owned Temasek Holding.

In an interaction with DealStreetAsia, the company said the fresh capital will be used for market penetration.

Founded in 2016, Gredu is an edutech platform that aims to improve the overall schooling experience, for teachers, parents, and students.

Its offerings include Gredu Student, Gredu Teacher, Gredu Parent and Gredu Management System. In 2020, the company says it will look to expand its products and services.

Following the current round, Gredu will be targeting to raise its Series A round towards the end of this year, according to co-founder and CEO Mohammad Rizky Anies.

Malaysia’s Epost bags $700k seed funding led by Vynn Capital

Epost, a Malaysia-based e-commerce and logistics service provider, has raised a $700,000 seed round of financing led by Vynn Capital, according to an official statement

This round of financing marks the first venture capital investment into the Sabah-based startup.

Founded in August 2018, Epost enables traditional businesses to transform and expand their business in the e-commerce space.

The platform has expanded its business operations across Malaysia, China, Singapore, Vietnam, the Philippines and Brunei, serving five international online marketplaces with 13 e-fulfillment warehouses located at key locations throughout Southeast Asia.

With this round of financing, Epost plans to enhance its operations footprint throughout Southeast Asia, particularly Indonesia and Thailand.

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.