Data Vantage | Haulio, SDAX, Udaan headline funding, fundraising updates
Edition #137, 23 Dec 2021
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Dear Reader,
Singapore-headquartered container haulage platform Haulio has raised $5.75 million in Series A funding, according to its regulatory filings.
The round was led by Orchid 3 Investments, a vehicle of Temasek-backed Heliconia Capital Management. Existing backers ComfortDelGro Ventures and PSA unboXed, the venture capital arm of port operator PSA International, also participated.
Haulio also issued about $1.25 million worth of Series A shares to its early investors, including Ondine Capital, Iterative Fund, iSeed SEA and B7 Capital, as part of a convertible agreement regarding equity (CARE).
Top shareholders in Haulio
Source: DATA VANTAGE
SDAX Financial, which owns digital asset exchange SDAX, secured $24 million in the first close of its Series B fundraising, it announced on Wednesday. According to a regulatory filing, the company is seeking to raise $40 million in the round.
Over the last two months, SDAX Financial has bagged $8 million from The Straits Trading Company, $2 million from New Horizon Global and more recently, nearly $8 million from PSA International. These shares were allotted at $9.3 apiece.
Financial Updates
The Singapore-registered entity of Indian e-commerce unicorn Udaan reported $804 million in revenue for the financial year ended March 31, 2021, up 509% year-on-year. Its net loss remained largely constant.
News app startup Inshorts booked $13 million in revenue for the fiscal ended March 2021, a 28% increase over the previous year.
Singapore-based Lucence, a Temasek-backed health tech startup, reported $10 million in revenue for the financial year ended March 2021.
Marketing tech startup Silverpush doubled its annual revenue to $10.5 million at the end of March this year.
Indian fresh produce and meat retailer FreshtoHome nearly tripled its revenue to $8.96 million in the financial year ended March 2021.
Other updates from DATA VANTAGE
E-commerce firm Shopmatic Holdings received a total of $1.2 million from British Virgin Islands-registered Sakubelac, Singapore-based AccelerAsia Ventures and an individual investor understood to be a director at lender ANZ.
Singapore-based restaurant tech company TabSquare secured $732,203 from its parent Delivery Hero last week. Delivery Hero became the sole shareholder of Tabsquare in late November after purchasing the startup’s shares from its previous investors through secondary market transactions.
Jakarta-based integrated HR tech startup Sleekr recorded secondary transactions last week as its chief product officer Daniel Witono sold some of his shares to Japanese fintech startup Money Forward and Indonesia’s Biznet. Money Forward now owns a nearly 29% stake in Sleekr.
Torus Labs, a Singapore-based cryptographic key management company, allotted preference shares worth $500,000 to Binance Capital Management last week. Following the transaction, Binance holds a 6% stake in the startup.
Deals Barometer — November 2021 Edition
Startups across Asia raised $17 billion through November, a 30.02% increase over deal value in October. To get a deeper insight into the sectors, investors and companies that dominated dealmaking in Southeast Asia, China, and India, please sign up for the DFIN Deals Barometer.
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