Data Vantage | Astro, Airlift and Willowmore receive fresh capital, and other updates

4 min readJul 28, 2022


Edition #146, 3 Feb 2022


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Indonesia-based quick commerce startup Astro announced a $27 million Series A round this week co-led by Accel and Sequoia Capital India.

According to the firm’s filings with Singapore’s Accounting and Corporate Regulatory Authority (ACRA), the lead investors contributed $8.5 million each. Lightspeed Venture Partners invested $4.2 million, while Global Founders Capital (GFC) provided $2.8 million.

Astro’s Series A1 shares were priced at $362 apiece.

The company also allocated Series A shares to investors, including Rocket Internet, GFC, Lightspeed and AC Ventures, upon conversion of the simple agreement for future equity (SAFE) or convertible promissory notes previously issued by it.

According to DealStreetAsia’s calculations based on its filings, Astro is valued at $85 million after its latest funding round.

Pakistan-based Airlift, another quick commerce startup, received $34.5 million last week from US-based Buckley Ventures and Harry Stebbings’s 20VC. The funding is part of the company’s $85 million Series B round announced in August last year.

Airlift issued Series B-1 and Series B-2 preference shares to investors at $3.04 and $5.58 apiece, respectively.

Other updates from DATA VANTAGE

Smart lock solutions startup Willowmore bagged $2.2 million in Series A funding this week from Singapore-based asset manager Greenwillow Capital Management.

Greenwillow also invested in sensor solutions firm Microtube Technologies in January, according to DATA VANTAGE.

Singapore-based buy now, pay later platform (BNPL) hoolah received $5.9 million from ShopBack this week. The investment followed ShopBack’s acquisition of hoolah announced last year.

Indonesian edtech startup CoLearn received $2.3 million this week from AC Ventures, Leo Capital, TNB Aura and other investors as part of its $27 million Series A round closed last month.

Top shareholders in CoLearn


Singapore-based video game developer Virtuos allotted ordinary shares worth $2 million to Volodymyr Loban and Myroslav Baranenko, the co-founders of Ukraine-based Volmi Games, this week. The allotment follows Virtuos’s acquisition of Volmi Games late last month for an undisclosed amount.

Virtuos had in September announced raising $150 million from Baring Private Equity Asia.

Shares in Indian grocery delivery startup Blinkit, formerly known as Grofers, changed hands this week as Deepinder Goyal, the founder and CEO of food delivery platform Zomato, divested his stake to Tiger Global.

Dental care brand Zenyum reported a nearly threefold increase in revenue at $14.96 million for the financial year ended April 30, 2021, over the previous year.

Corporate services provider Osome recorded revenue of $3.8 million for the fiscal year ended April 30, 2021, a growth of over 2x compared with the previous year.

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