SEA Digest: Malaysia’s Tourplus bags $1m; Indonesia’s Andalin raises pre-Series A

Malaysia-based travel tech company Tourplus has secured $1 million in seed funding, while Indonesian logistics startup Andalin has raised a “seven-digit investment” in a pre-Series A round.

Malaysia’s Tourplus bags $1m seed funding

Malaysia-based travel tech company Tourplus has secured a $1 million seed funding round from angel investor Jin Hui Wong, with participation from GT-MAX, SOSV Chinaccelerator, and a few other undisclosed investors, e27 website reported on Thursday.

The proceeds will be used for product enhancement, marketing, and hiring.

Founded in 2014 by Rickson Goh, Tourplus is an online marketplace for travellers to plan tours without needing to worry about security and language barriers. Tourplus helps travellers connect directly to a local guide by booking through its website and mobile app and also allows local guides to earn using their mobile apps.

It had raised RM500,000 ($123,000) in a pre-seed round in 2018 from an undisclosed investor.

Goh said that the company has been focused on product development, raising the number of registered tour guides and strategising on marketing.

In a recent interview, Tourplus’s founder told DealStreetAsia that it will focus on internal tourism for the rest of 2020 and 2021, amid COVID-induced international travel bans. “We are enhancing our business to target domestic travellers, offering location-based travel information through our app that allows them to find places of interest, food, things to do as well as prepare a travel plan (itinerary),” said Goh.

Tourplus’s enhanced app will include a digital directory for merchants to list their shops and products. It will also have an option for travellers to write reviews. “Our investments continue to focus on building technology to capture more local travel data that allow businesses to understand new tourist behaviour,” he added.

Indonesia’s Andalin raises pre-Series A

Indonesian B2B logistics startup Andalin has raised a seven-digit investment in a pre-Series A round led by Singapore-based venture capital firm BEENEXT, e27 website reported on Thursday.

The funding round, which brings the company’s total investment raised to date to $1.5 million, will support the company’s expansion plans in Indonesia.

Founded in 2016, Andalin is a digital freight forwarder that simplifies the complexity of import and export shipments for companies in Indonesia. It provides a seamless digital freight forwarding experience in every aspect of customers’ logistics needs.

BEENEXT was founded by Japanese entrepreneur Sato, previously the chief executive of BEENOS, a Tokyo-listed company, which made investments into a slew of tech companies, including Indonesian unicorn Tokopedia.

In June this year, it announced the close of two new funds with a combined corpus of $160 million. It has raised $110 million for BEENEXT Emerging Asia Fund and another $50 million for a fund focused on Software-as-a-Service (SaaS) businesses in Japan.

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.