Data Vantage | eFishery, Cleantech, Grow Commerce and ORA report updates

3 min readMay 25, 2023


Edition #276, 25 May 2023

Share As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans.

Dear *|IF:FNAME|**|FNAME|*,*|ELSE:|*Reader,

Indonesian aquatech firm eFishery received $108 million this week from 42XFund, SoftBank Vision Fund II and Northstar Group in Series D funding, per regulatory filings.

Following the latest investment, the company’s valuation has jumped to $1.2 billion, according to DealStreetAsia — DATA VANTAGE calculations. eFishery is the first Southeast Asian company to attain the unicorn tag this year.

The company could raise up to [redacted] million more in this round, per its filings.

eFishery had last secured a $32 million loan from DBS Bank Indonesia in October 2022. It has ambitions to expand its products and services to international markets.

Cleantech Renewable Assets, a Singapore-headquartered solar energy platform focused on the commercial and industrial (C&I) segment, received [redacted] million from Cloud Alpha Pte and Shell Singapore this week.

Cloud Alpha is backed by Keppel Corporation and a Keppel Capital consortium. It owns [redacted]% of Cleantech Solar, the asset company of Cleantech Renewable Assets. Shell Singapore owns the rest.

Executives at top investment, financial services firms and businesses use DATA VANTAGE to make smarter investment decisions in Asia. (See how)

Other updates from DATA VANTAGE

Indonesian online marketplace brand aggregator Grow Commerce issued shares worth [redacted] million to East Ventures and another investor this week upon conversion of notes issued in 2021.

Singapore-based telehealth startup ORA received a little over $662k from investors, including Gobi Partners and Hustle Fund, this week. The firm announced raising a $10 million Series A round last week.

Singapore-headquartered health monitoring tech startup Elfie issued shares worth [redacted] million to convertible noteholders, including FEBE Ventures, Gentree Fund and iSeed, last week. The startup recently secured $4 million in fresh funding.

Fintech startup Jenfi received $6.6 million from Headline Asia, Monk’s Hill Ventures and other investors in a pre-Series B funding round. The company specialises in revenue-based financing for digital-native companies.

Singapore-based edtech startup BrightCHAMPS reported a net loss of [redacted] million for the financial year ended March 31, 2022. Its revenue for the period stood at [redacted] million.

On-demand staffing platform Workmate, which was acquired by HR services provider Persol Asia Pacific last year, reported a 9.3% increase in its net loss for the financial year ended December 31, 2022. The company posted no revenue during the period.

Equity management platform QuotaBook posted a 15x surge in its net loss for the year ended Dec 31, 2022. It reported a small revenue for the year.

As a free subscriber, you’re reading a redacted version of DealStreetAsia’s premium DATA VANTAGE twice-weekly newsletter. Unlock access to the complete version by picking up any of our premium subscription plans. Anticipate Asia’s Rising Stars and Secure Lucrative Exits

Explore DATA VANTAGE (formerly Professional Plan), an indispensable part of an analyst’s Swiss Army Knife.

To keep pace with today’s constantly evolving markets, data must be smarter, deeper, and instantly accessible. DATA VANTAGE is our smart, continuously updated research & analytics platform featuring:

  • Key financials, fundraising data, and shareholding information for over 2,500 Asian venture-backed companies registered in Singapore and Indonesia
  • Up to 4 new research reports per month
  • Monthly and quarterly data on private funding in SE Asia, India, and Greater China
  • Twice-weekly DATA VANTAGE premium newsletter
  • Alerts for monitoring companies and sectors
  • 50% discount on tickets to our flagship summit
  • Full access to DealStreetAsia’s premium stories and archives

Combine editorial insights with robust data & research. Gain a competitive edge in the ever-changing private capital investment landscape.

>> Curious? Read More About DATA VANTAGE << © DEALSTREETASIA 2014–2023.




DealStreetAsia is a Singapore-headquartered, subscription-driven media company, covering all deals — private equity, venture capital & M&As in Asia.