Top Ten News from Last Week

Country Delight raises $10 million

Indian dairy startup Country Delight has raised over $10 million in a Series B round led by Matrix Partners.

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Musiio Grabs $1 million Seed Fund

Singapore based music startup Musiio has raised over $1 million to build a AI based playlist in seed funding round led by Wavemaker Partners, U.S. investor Exponential Creativity Ventures and other angels. Its last $57,000 (S$75,000) seed round was backed by Entrepreneur First.

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Akseleran nabs $ 2.5 million

Indonesia based peer to peer lending platform Akseleren has raised IDR 35 billion from undisclosed banks and local & foreign venture capital firms aiming to raise another IDR 70 billion from Series A funding.

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Over 35% mobile phones and 19% computers are malware infected in Bangladesh

UK based study reports that Bangladesh is the 6th most malware susceptible country in 2018. The study states that over 35% mobile phones and 19% computers are malware infected in Bangladesh.

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Soocas snags $30 million Series C

China based Xiaomi backed oral startup Soocas has raised 200 million Yuan in Series C round led by Vision Knight Capital, Kinzon Capital, Cathay Capital, Greenwoods Investment and Yunmu Capital.

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Logivan raises $5.5 million

Vietnamese logistics startup LOGIVAN, a web platform which links shipping capable truckers, has raised over 5.5 million from Venture Capital Firm Alpha JWC and 2 angel investors.

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TRIVE and JustCo launch incubator programme

Co-working space operator JustCo and Singapore based venture capital TRIVE Ventures have launched a 9-month incubation programme, TRIVE Labs that aims early stage startups.

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BB inks deal with SME Foundation to expand credit programme

Bangladesh Bank (BB) on Tuesday signed a loan agreement of Tk 500 million with SME Foundation to expand its credit programme. In presence of BB Governor Fazle Kabir, General Manager of the BB’s SME Department Sheikh M Selim and Managing Director of the SME Foundation M Shafiqul Islam signed the agreement on behalf of their respective sides, said a press release.

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IFC invests $75m in green bond issued by Philippines’ AC Energy

International Finance Corporation (IFC), a member of the World Bank Group, committed an investment of $75 million in a green bond issued by AC Energy Finance International Limited and guaranteed by AC Energy, according to an official release. IFC’s investment anchored a five-year, $300-million green bond listed on the Singapore Exchange. It is the first Climate Bond certified infrastructure-focused fund to be listed in Southeast Asia. ADB had earlier disclosed a $20-million investment in AC Energy’s climate bonds.

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Proposed KEZ set to get licence

The proposed Kishoreganj Economic Zone (KEZ), a venture of Nitol Niloy Group, is set to obtain licence from the authorities concerned, officials related with the development have said. The zone would be established on 91.63 acres of land in Pakundia Upazilla, next to Bhairab-Kishoreganj highway, they added. It received the pre-qualification licence from the BEZA in July 2017.

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Beacon VC leads $6.5m pre-Series A round for Thai wealthtech startup Jitta

Beacon Venture Capital, the corporate venture capital arm of Thailand’s Kasikornbank, has led a $6.5-million pre-Series A round for wealthtech startup Jitta to support its global expansion, according to an announcement on Wednesday. The funding marks the largest pre-series A for any Thai startup to date.

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Elvis Gomes