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Google invests in Indonesian ride-hailing firm Go-Jek

Google has invested in Indonesian ride-hailing firm Go-Jek, as part of its strategy to support and participate in the growth of Indonesia’s internet economy, Caesar Sengupta, a vice president at Google said in a company blog. “This investment lets us partner with a great local champion in Indonesia’s flourishing startup ecosystem, while also deepening our… Read More »

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UAE-based startup The Luxury Closet is looking to expand in Egypt

UAE-based startup The Luxury Closet is looking to expand its operations in Egypt. The Luxury Closet’s founder and CEO Kunal Kapoor stated that “after collaborating with some high-profile Egyptian Influencers, we realised the potential Egypt holds for our market, and it became a larger focus for us.” Commenting on his company’s operations Kapoor said that… Read More »

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Malysia’s digital health startup Naluri Hidup closes $258k seed round from BioMark, 500 Startups

Malaysia-based digital health startup Naluri Hidup has raised approximately $258,570 in seed financing from Singapore-based healthcare analytics firm BioMark and Silicon Valley’s 500 Startups through its Southeast Asia-focussed fund, 500 Durians.   Investment proceeds from this round, including seed capital from its founders, will finance the development of the Naluri digital platform, as well as… Read More »

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RentSher Raises Seed Funding

Dubai-based RentSher Middle East has announced that it has successfully raised seed funding. Abu Dhabi-based Shorooq Investments managed and closed the round, while Dubai-based fund Latitude Consultants Limited, prominent investor Ali Al-Salim of Arkan Partners, and a senior partner from McKinsey Middle East office also participated in the round. RentSher, led by Oxford Alumni and a… Read More »

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Hong Kong’s fashion e-commerce startup Goxip raises US$5M

Hong Kong-based online social commerce platform for fashion and beauty products, Goxip, has raised US$5 million in Series A funding, which includes a US$1 million from Nan Fung Group’s Mills Fabrica Fund. Goxip plans to use the investments to further expand its presence in Hong Kong and continue to expand into Southeast Asia, especially in Thailand. Goxip is… Read More »

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Korean Startup Tera Funding Raises $9.3M

Tera Funding, a leading real estate P2P lending company in Korea, announced that it has secured KRW10bn (approx. US$9.3M) through its series A funding round from Woori Bank, Atinum Investment, SBI Investment and Premier Partners on 8 January 2018. This is the largest single series A investment for Korean P2P lending start-ups, and this comes as a… Read More »

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Edtech Startup Brainly acquires Bask

Brainly, the edtech startup founded out of Poland but now with a HQ in New York, has acquired Bask to add video to its peer-to-peer learning platform. Terms of the deal remain undisclosed. However, the acquisition has more than a whiff of acqui-hire to it, with Bask’s co-founder and CEO, Ryan Metzger, and Head of… Read More »

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Melinda Gates backs startup fund run by women

Aspect Ventures, a venture capital fund set up by women, said it has won the backing of Melinda Gates, the wife of Microsoft founder and billionaire philanthropist, Bill Gates. Aspect Ventures – set up in 2014 by venture capitalists Theresia Gouw and Jennifer Fonstad – said late Tuesday that Gates was one of “several high-profile… Read More »

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Israeli Startup Raises Close to $5M

Israeli cybersecurity startup Cylus has raised a $4.7 million seed round to develop its platform for providing cybersecurity services to railway and metro systems. The funding came from Magma Venture Partners, Vertex Ventures, SBI Group and Zohar Zisapel. Israeli cybersecurity startup Cylus has raised a $4.7 million seed round to develop its platform for providing… Read More »

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Big Data startup Unravel gets $15 mn in Series B funding

Silicon Valley-based Big Data startup Unravel Data, which provides an application performance management platform, has secured $15 million  in a Series B funding round by GGV Capital. Microsoft Ventures and Menlo Ventures also participated in the funding round, Unravel Data said in a statement. The latest round takes the total funds raised by the firm,… Read More »

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