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.

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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.

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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.

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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, and Tencent. Other investors include Mitsubishi Corp and Provident Capital. It values the company between $8 billion to $10 billion.

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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.

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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.

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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.

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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.

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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.

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$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.

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Elvis Gomes