Data Vantage | Tiger Global backs KitaLulus and HitPay, and other updates
Edition #179, 2 June 2022
Indonesia-based jobs platform KitaLulus has secured $8.15 million in a Series A funding round led by Tiger Global Management, according to regulatory filings.
The round was joined by Rocketship.vc, Go-Ventures, Indogen Capital, FEBE Ventures and Goodwater Capital. Several angel investors also participated in the round, including former GoPay CEO Aldi Haryopratomo, Pluang CEO Claudia Kolonas, and BukuWarung CEO Abhinay Peddisetty.
The latest financing brings the startup’s total funding to about $9.6 million, according to DealStreetAsia — DATA VANTAGE.
Top shareholders in KitaLulus
Source: DATA VANTAGE
Singapore-based payment gateway HitPay on Wednesday confirmed it has raised $15.75 million in a Series A round led by Tiger Global. DealStreetAsia had reported the round at the beginning of May.
Tiger Global invested nearly $14 million in the round, according to regulatory filings accessed by DATA VANTAGE. Subscribe now to our data offering — this includes our database, monthly reports, newsletters and more — or opt for a one-month trial for $208 to join all these organisations in staying ahead of the market.
Other updates from DATA VANTAGE
Indonesian fintech unicorn Xendit wired $40 million to its Singapore-registered entity this week, per regulatory filings. The digital payments platform had raised $300 million in May in a Series D funding round led by global investors Coatue Management and Insight Partners.
Indonesian social commerce platform KitaBeli received $8.2 million this week from Series A investors including Go-Ventures, East Ventures, AC Ventures, Banana Capital and Kopi Kenangan founders’ angel fund Kenangan Capital.
Southeast Asian tech major GoTo injected $6.31 million into one of its Singapore-registered subsidiaries this week. It also invested additional capital in its fintech arm GoPay.
Beauty products startup Believe Pte received another $3.44 million from Jungle Ventures this week as part of a $55 million round announced in April. The startup has so far received $25.2 million in equity funding as part of the round.
Energy management solutions provider Resync Technologies received another $1 million in funding from GGV Capital this week as part of a $2 million round announced last year.
Singapore-based cosmetics brand Allies of Skin more than doubled its revenue for the financial year ended May 31, 2021. Its net loss, however, tripled during the period.
Online freelancing marketplace Fastwork posted a nearly 17% year on year increase in revenue for the financial year ended December 31, 2021, and reported its first net profit.
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