Malaysian startup Bfab has closed a funding round while CommIT Capital, the corporate venture arm of Rostelecom, has invested in the RDP.RU Group.
Bfab secures funding from Captii Ventures
Malaysia-based salon booking service Bfab has received a “six-figure USD” funding from existing investor Captii Ventures, which made a seed investment into the venture alongside 500 Startups, and KK Fund that was announced in January 2016. Terms of the follow-on funding are undisclosed.
In a development reported by Tech in Asia, co-founder and CEO Pawel Netreba shared that the proceeds from the investment will be used to drive product development and grow its base of salons and beauty professionals, which it posts to be 1900 and 200 respectively.
Bfab lets users book beauty services like a haircut or a massage in real time and receive instant confirmation. In addition, they can compare prices offered across salons and rate the services.
Netreba previously worked at online food delivery service Foodpanda Russia, a Rocket Internet portfolio company, which replicates existing business models from mature markets, subsequently adapting and growing them in new markets.
CommIT Capital invests $2m into RDP.RU
CommIT Capital, the venture arm of Russia’s national telecom operator Rostelecom, has conducted an investments of about 130 million rubles ($2 million) in the RDP.RU group in exchange for a 15 per cent stake.
Set up in May 2015, CommIT Capital invests in network hardware and software, cloud, storage and security technologies, big data, digital media, B2C and B2B services. Previous investments by CommIT Capital include data storage solutions provider Raidix and advanced SDN/NFV solutions provider Brain4Net.
“RDP.RU” is a Russian developer of network solutions for telecom operators and corporate clients.