SEA Digest: Thai CVCs back Ricult; YOT invests in Kejora-backed Hipwee

Thailand-based agritech startup Ricult has closed a pre-series A round from  Bualuang Ventures and Krungsri Finnovate while Young On Top (YOT) has invested in Kejora Capital-backed media startup Hipwee.

Thai agritech startup Ricult closes pre-Series A round

Thai agritech startup Ricult has closed its pre-Series A round from Bualuang Ventures, the corporate venture arm of Bangkok Bank, and Krungsri Finnovate, the CVC unit of Bank of Ayudhya, the company said in a statement.

Ricult will use the proceeds to expand its presence in the domestic market and to further develop its products.

The firm uses deep tech, AI and machine learning to process agricultural claims, aiming to improve the quality of life of Thai farmers. The firm also plans to scale up and expand into neighboring countries such as Laos, Vietnam and Indonesia.

Founded in 2015, Ricult has secured seed funding from angel investors and VC investors, including from Bill and Melinda Gates Foundation. Ricult is expecting to raise its Series A round in 2021.

Indonesia’s YOT invests in Kejora-backed Hipwee

YOT Inspirasi Nusantara, also known as Young On Top (YOT), has invested an undisclosed sum in Kejora Capital-backed media startup Hipwee, the company announced in a release.

YOT, the community-based startup venture, has four verticals, namely, gdilab.com (digital analytics firm), topkarir.com (online career portal), maingame.com (gaming platform), and bizhare.id (startup equity crowd funding).

YOT founder-CEO Billy Boen also serves as a director at Orbit Fund for Kejora Ventures. YOT, which is spread across 24 cities in Indonesia, has more than 600,000 members.

 

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.