Top Ten News from Last Week

VIISA and Fintech Club Launch Fintech Lab

Fintech Lab, a joint effort by VIISA and Fintech, is an Accelerator program that aims to aid fintech sector with expert mentorship, business ideas; and connection with investors. It will also provide seed funding to startups working in the fintech industry.

Read More: https://www.dealstreetasia.com/stories/vietnam-digest-cyberagent-swof-invest-in-kyna-viisa-fintech-clubs-accelerator-119325

Sendle Snags $14.4 million in Series B funding

Sendle, a Sydney based courier service provider, has raised over $14.4 million in Series B funding led by Australian PE firm Federation Asset Management. This funding fits into Sendle’s plan of overseas expansion plan. Raising funds of Australian $5 million in Series A funding in 2016, the company has grown its customer base 600% over the last 2 years.

Read More: https://www.dealstreetasia.com/stories/australian-pe-federation-leads-14-4m-series-b-funding-in-sendle-119458/

Bangladesh Sets Record for Inward Remittance in January

Bangladeshi migrant workers have sent over $1.59 billion remittance to Bangladesh in January setting a record. It is 15% higher than January, 2018. In the last 7 months, migrant workers have sent over $9.08 billion remittances, which is nearly 770 million higher than the same period last year.

Read More: http://thefinancialexpress.com.bd/economy/bangladesh/remittance-hits-record-high-in-january-1549203194

GoJek raises over $1 billion

Ride hailing startup Gojek, on Friday, announced that it has finalized deals to raise funds over $1 billion on its ongoing round of Series F led by Google, JD.com and Tencent. Other investors include Mitsubishi Corp and Provident Capital. It values the company between $8 billion to $10 billion.

Read More: https://sdasia.co/2019/02/04/gojek-raises-over-1-billion/

Vietnam hits the stars in making deals in January

Vietnam startup ecosystem has seen the highest amount of deals made in January, 2019. Nearly $113.5 million has been raised by this ecosystem with total 9 deals where 2 of the deals remain undisclosed.

Read More: https://e27.co/vietnam-stars-in-january-as-e27-data-tracks-us1-5b-in-deals-20190204/

AI startup Curious Thing raises $1.5 million

Australia based AI startup Curious Thing has raised over $1.5 million seed funding from Qualgro and Reinventure Group. Starting in 2018, the company plans to expand its technology team and improve product development.

Read More: https://www.dealstreetasia.com/stories/apac-digest-australias-curious-thing-malaysian-dating-app-sugarbook-snags-funds-120016/

Subscription based service startup Ritual raises $25 million

Ritual, a subscription based service which delivers shipments of daily or prenatal vitamins for a monthly fee of $30, has raised $25 million on a Series B funding led by Lisa Wu at Norwest Venture Partners, with participation from Kirsten Green at Forerunner Ventures and Brian Singerman at Founders Fund.

Read More: https://sdasia.co/2019/02/06/subscription-based-service-startup-ritual-raises-25-million/

IKE raises $52 million

Founded by veterans of Google, Apple and Uber, IKE is a self driving truck startup. It has raised $52 million in a Series A funding round led by Bain Capital Ventures, Redpoint Ventures, Fontinalis Partners, Basis Set Ventures and Neo. Bain Capital Ventures partner Ajay Agarwal has joined Ike’s board.

Read More: https://sdasia.co/2019/02/06/ike-raises-52-million/

Zomato grabs $39 million funding from Grade Book Capital

US investor Grade Book Capital backs food-tech startup Zomato Media Pvt. Ltd. with over $39 million in Series I funding round. The Series I funding also included raising $210 million from existing investor Ant financial in October, 2018. Zomato was valued at $2 billion after last round of funding.

Read More: https://sdasia.co/2019/02/07/zomato-grabs-39-million-funding-from-grade-book-capital/

$28 billion foreign investment received by Bangladesh in last 5 years

Bangladesh received over $28 billion in investment from 45 countries over the last 5 years. China invested over $8107 million alone making it the highest amount of investment on Bangladesh. Foreign Minister Dr AK Abdul Momen revealed this in parliament in reply to a question from Awami League MP Md Israfil Alam.

Read More: https://sdasia.co/2019/02/07/28-billion-foreign-investment-by-bangladesh-in-last-5-years/

Elvis Gomes

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