SE Asia Roundup: Lifepack, Diri Care, Bounty, ProfilePrint in funding news

Photo by Micheile Henderson on Unsplash

In multiple deals in SE Asia, digital pharmacy Lifepack, consumer health tech startup Diri Care, adtech platform Bounty Media and food industry solutions provider ProfilePrint have secured funding, per their company statements.

Lifepack secures $7m

Golden Gate Ventures has invested $7 million in the Indonesian digital pharmacy Lifepack’s Series A round. Lifepack will use the funds to build seven new warehouses in Indonesia.  It currently has three warehouses in Jakarta, Surabaya, and Bandung. Lifepack started services in 2010 and was founded by chairman John Kwari and CEO Natali Ardianto.

Diri Care raises $4.3m seed round

Diri Care, a consumer health technology startup, has closed its oversubscribed seed round at $4.3 million, co-led by East Ventures and Sequoia Capital India and Southeast Asia’s Surge, with follow-on participation from angel investor Henry Hendrawan.

Founded in 2022, Diri Care’s platform allows consumers to get assessed by licenced physicians and receive treatment recommendations. Diri Care launched its beta version in March 2022, and since then it claims to have recorded over 13,000 consultations.

Bounty closes pre-A round of $1.8m

Singapore-based adtech and marketing tech platform Bounty Media (Bounty) has closed an oversubscribed pre-A round of $1.8 million led by US-based venture capital firm SOSV.

Vectr Fintech Partners, ASTOR Management, Black Kite Capital, Plug and Play Ventures, Quonota Investment, High Cosmos and Revium also joined the round. Bounty launched in Indonesia in 2021 and has now expanded operations to Thailand, Malaysia, and the Philippines.

ProfilePrint adds Cargill as an investor

Singapore’s ProfilePrint, a solutions provider to grade food ingredients using AI technology, has added US-based food supplier Cargill to its roster of strategic shareholders as part of its Series A1 funding round.

Its other strategic shareholders are Netherland-headquartered Louis Dreyfus Company, Singapore’s Olam International, Switzerland’s Sucafina and Indonesia’s Sinar Mas as well as institutional venture capital funds. The funds will be used for product development, talent acquisition and team expansion.

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