Data Vantage | SIRCLO, Mandaya Medical, LionsBot receive capital; EKRUT gets new owner

Edition #282, 15 June 2023

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Indonesian e-commerce enabler SIRCLO received [redacted] million from Vertex Ventures Southeast Asia & India in new funding this week. The company’s share price has nearly [redacted] from its last financing in 2021, when it raised $36 million from East Ventures (Growth Fund) and other investors.

The new funding is understood to be part of SIRCLO’s Series C round.

The company has four business units — an e-commerce enabler, a SaaS platform modelled after Shopify, mom and baby community and content business Orami, and warungs-focused Warung Pintar, which it acquired last year.

Mandaya Medical International, which operates Indonesia-based Mandaya Hospital Group, received [redacted] million from Thai lender Bangkok Bank and private equity firm Kendall Court this week.

This is on top of the $17 million it received from the two investors in December 2022. See how much they own of the healthcare firm after their recent capital infusion on DATA VANTAGE.

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Other updates from DATA VANTAGE

All shareholders of Indonesia-based jobs platform EKRUT have sold their stake in the company to Bangkok-headquartered HR tech platform [redacted], per regulatory filings. The sellers include East Ventures and Skystar Capital.

AddVentures by SCG, the corporate venture capital arm of Thailand’s Siam Cement Group, has exited its investment in Indonesian aquatech unicorn eFishery, per recent regulatory filings. The CVC sold its entire stake to buyers that include [redacted].

Singapore-based robotics firm LionsBot received [redacted] million this week from Reiwag Singapore as part of an ongoing Series A round. The latest capital infusion is on top of the money it secured previously from investors, including TransLink Capital, EDBI and Supersteam Asia Pacific, this year.

India-based public transport technology startup Chalo pocketed $2.5 million this week as part of a recently announced funding round. The financing comprises $45 million in equity funding led by Avataar Ventures and $12 million in venture debt from Trifecta Capital and Stride Ventures.

Singapore-headquartered AI ad generator Pencil received $800k from Wavemaker Partners and Surge this week.

Singapore sovereign wealth fund GIC Pte bought shares in Vietnamese healthcare services provider Nhi Dong 315 from several shareholders, including [redacted], this week. The SWF had earlier invested [redacted] million in the company.

US-based chipmaker Qualcomm has transferred all its shares in Singapore-based Cellwize to a US-based holding entity. Qualcomm completed the acquisition of Israel-headquartered Cellwize in June last year in a transaction estimated to be worth $350 million.

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