Data Vantage | Funding updates, investor discounts, financials and more

Edition #268, 25 Apr 2023

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[Name redacted], an Indonesia-based manufacturing company, received $1.8 million this week from East Ventures and the Southeast Asia unit of a Silicon Valley-headquartered investor, among others.

The company had announced a seed round earlier this year without disclosing the quantum of capital it had secured. It claims to work with more than 500 manufacturing companies and cater to more than 100 customers.

The Indonesian startup is also conducting an off-market buyback of shares from a shareholder for [redacted], according to its latest regulatory filings.

Singapore-based battery-swapping startup Oyika received $8.75 million in Series B funding last week from Thailand’s Banpu NEXT. It also allotted shares to Malaysia’s Yinson Holdings as part of a convertible note agreement. Oyika could raise up to [redacted] million more as part of the round, per its regulatory filings.

DATA VANTAGE subscribers can see the latest financials, shareholding and historical funding data for Oyika and many other venture-backed firms in the region. They also get full access to DealStreetAsia’s premium stories and archives for that additional context other data providers cannot offer.

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Other updates from DATA VANTAGE

Africa-focused super app Gozem received $11.5 million in Series B funding last week from investors, including Reengine Ventures. The company is offering a [redacted] discount to investors that are providing it with at least 10% of the investment in debt, with a minimum amount of [redacted]. It could raise another [redacted] million as part of the same round.

A Singapore-based biotech startup allotted shares worth $2.8 million last week to Melnichek Investments and others. The company is working on a treatment to slow down human ageing. In January this year, it announced a research partnership with Pfizer to apply machine learning technology to develop a treatment for chronic diseases.

Singapore-based proptech company 99 Group recently filed its financial statement for the fiscal year that ended June 30, 2020. It posted revenue of around $3.3 million for the period, while its net loss stood at $29 million.

Marketing SaaS unicorn Insider recently reported a [redacted%] jump in its revenue for the financial year that ended Dec 31, 2019. Its net profit declined by nearly 38% during the period.

Tiger Global-backed edtech startup Cialfo posted a [redacted] times surge in its net loss for the year ended Dec 31, 2021. Its revenue also dipped during the period. The company had raised $40 million last year in a funding round co-led by Square Peg Capital and SEEK Investments.

East Ventures-backed TreeDots, a startup focused on optimising the food supply chain, grew its revenue by 64% in the financial year that ended Dec 31, 2021. However, the company’s net loss soared [redacted%] during the period.

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