SEA Digest: IIX backs SOLshare; Gojek Xcelerate selects three startups

A Gojek driver rides his motorcycle through a business district street in Jakarta, June 9, 2015. REUTERS/Beawiharta

Singapore-based Impact Investment Exchange (IIX) has backed the $1.1-million financing in SOLshare, while Gojek Xcelerate has selected three startup across its four batches.

Singapore-based IIX invests in Bangladesh-based SOLshare

Singapore-based Impact Investment Exchange (IIX) on Friday announced that it has backed the $1.1-million financing round for Bangladesh-based off-grid solar energy firm SOLshare.

innogy New Ventures LLC, the VC arm of the German utility innogy SE; EDP Ventures, the investment arm of Portuguese utility EDP, as well as new angel investors have also participated in the round.

The proceeds from the funding will be allocated to bring smart solar microgrids to off-grid, underserved communities in Bangladesh.

“We are doubling down on SOLshare’s vision and mission, which continues to prove to the world that a deep commitment to underserved communities pays off for investors. We are excited to be a part of this journey to make affordable clean energy accessible to everyone,” Stefan Padberg, Managing Director of innogy New Ventures LLC said.

Gojek accelerator selects three startups

Indonesia’s ride-hailing giant Gojek, through its accelerator programme Xcelerate, has selected three startup from all its four batches in partnership with Digitaraya, the firm announced.

The three firms, who are in the social impact space, were selected from 35 startups who joined the training programme for six months.

The three firms are Jejak.in (a tech service platform for environmental solution), Etanee (digital food supply chain platform), and Qlue (a platform that allows users to report problems directly to the city government and businesses).

 

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.