Data Vantage | Partipost, Ralali, JobHopin and TWID report funding updates
Edition #209, 20 Sep 2022
Dear Reader,
Partipost, a Singapore-based crowd influencer marketing, and commerce platform, allotted preference shares worth more than $10 million last week. Recipients include iGlobe Partners, Pavilion Capital, zVentures, SPH Ventures and Quest Ventures.
Earlier last year, the startup secured $5 million in an oversubscribed extended Series A round led by Quest Ventures.
Partipost drives authentic word-of-mouth marketing by matching brands to influencers with the highest brand affinity.
Top shareholders in Partipost
Source: DATA VANTAGE
Indonesian B2B marketplace Ralali has raised an additional $2 million in its Series D funding round from Singapore-based ACA Investments.
Earlier this year, the company received $7.95 million in equity funding from investors including BEENEXT, SBI Ventures, ICMG Partners, and Arbor Ventures.
The company is also issuing Series C preference shares to convertible noteholders that had extended it $4.5 million previously. The noteholders include Beenos Asia, DG Ventures, and Arbor Ventures.
Other updates from DATA VANTAGE
Walmart-owned Indian e-commerce company Flipkart has infused nearly $30 million in its marketplace unit Flipkart Marketplace, according to regulatory filings. The additional investment comes less than six months after Flipkart invested $533 million into the unit as the Bengaluru-based company seeks to scale many of its new businesses.
TWID, a rewards-based payments company headquartered in Singapore and Bengaluru, received $2 million from JAFCO Asia last week. The funding is part of a $12 million Series A round announced in August.
Vietnam-based HR tech platform JobHopin received $1.35 million last week from Daiwa-SSIAM Vietnam Growth Fund (DSVGF), a joint vehicle of Vietnam’s SSI Asset Management and Japan’s Daiwa Securities. The investment, part of the startup’s pre-Series B round, follows a $2 million capital injection by DSVGF in January.
Mosaic Solutions, a Philippines-based provider of restaurant management solutions, issued shares worth $1.3 million to its founder and CEO Brett Doyle, Sierra Madre and Gentree Fund, among others.
GMO VenturePartners and Rebright Partners have exited their investment in adtech company Adskom by selling their shares to the startup’s CEO Wilhendra Akmam, per regulatory filings.
Singapore-based Barghest Buildings Performance, a KKR-backed provider of energy-saving solutions for commercial and industrial buildings, allotted shares worth $3.5 million to employees under its ESOP programme.
Pharmaceuticals firm Eywa received $1 million in Series A funding from Eight Roads last week. The company has now raised $34 million at the same share price since 2019.
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