Sovereign’s Capital and Indonesian Gunung Sewu Kencana also participated.
By Ishita Russell
Startups LegalRaasta, Utkal Tubers and Log9 Materials have raised funds. LegalRaasta raises $5m in Series A round from Impanix Capital Online legal aid platform LegalRaasta has raised Rs 32 crore ($5 million) from early-stage investment firm Impanix Capital, according to a report in The Economic Times. The New Delhi-based startup plans… Read more »
Startups Innoplexus, enKast and ShopKirana have raised funds. Innoplexus raises funds from German VC HCS Indo-German data as a service startup, Innoplexus has raised an undisclosed amount funding in its Pre-Series A round from German venture capital fund HCS. Subsequently, Hans-Christian Semmler, Managing shareholder of HCS will join as Chairman of the supervisory board of Innoplexus,… Read more »
Jaipur-based Wholesalebox, an e-commerce portal for traditional wholesalers and traders in the unbranded fashion and lifestyle sector, has secured $2 million from a clutch of institutional investors and marquee angel investors in a pre-Series A round, a top company executive said. The investors included Manish Maheshwari, CEO of Network 18… Read more »
Moving forward, the fintech startup is mulling overseas ops, with the first targets being Malaysia and the Philippines, Bui Sy Phong, founder and CEO of OnOnPay, told DEALSTREETASIA.
Actofit is a wearable tech and fitness startup with a developed wearable wrist wear and a complete software algorithm platform. It offers a fitness band that automatically tracks complete workouts identifying exercises, counting reps, measuring heart rate, among other features.
Men’s grooming startup Beardo, fintech firm InMotion and online taxi marketplace InstaCar have raised funds. Men’s grooming brand Beardo raises $500k from Venture Catalysts Ahmedabad-based men’s grooming brand Beardo has raised seed funding of $500,000 from Venture Catalysts. Angel investors including Raj Vazirani – RHV enterprise, Siddharth Somaiya of Godavari Biorefineries and Somaiya… Read more »
The company only said that the round was led by an unnamed “major Southeast Asia banking group,” with participation from two other Indonesian institutional investment firms. It has also raised $735,000 in debt.
Indonesian travel platform Travelio has raised $2 million in a pre-series A investment round led by Shanghai-based VC Gobi Partners. Funding will be used to expand accommodation offerings, product development, widen market reach, and increase new hires. “This is a milestone for Travelio, from a conventional company to one that… Read more »
Entrepreneurs are encouraged to be hustlers. Interestingly, they don’t just create ideas but also terminologies. As investors become more demanding, entrepreneurs and start-ups are increasingly turning to emergency financing which has been given a fancy name of Pre-Series A. A Pre-Series A round, which has been very widely used in… Read more »