Data Vantage | TransTRACK, SkorLife, Dailybox and BuyStars rack up funding

Edition #278, 1 June 2023

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Indonesia-based fleet management startup TransTRACK allotted shares worth [redacted] million this week to investors, including Cocoon Capital, Goldbell Investments and YCAB Ventures, among others.

Based on the share prices in the latest transactions, the company appears to have bagged at least [redacted] million in new funding, which its filings indicate is its pre-Series A round.

TransTRACK had last announced raising around $550k in a seed funding round led by Cocoon Capital in October 2021.

The Indonesian firm provides end-to-end solutions for the logistics and transportation industry. It has three key offerings — a fleet management system for remote tracking of fleets, drivers, and cargo, a transportation management system to streamline delivery processes, and a truck appointment system that tackles truck congestion.

Indonesia-based fintech startup Skorlife received $4 million in seed funding last week from Hummingbird Ventures, QED Investors, AC Ventures and Saison Capital. Belgium-based Hummingbird, which led the round, now owns a [redacted] stake in the company.

Skorlife also issued shares worth $2.2 million to its pre-seed investors, including AC Ventures and Saison Capital, last week.

Founded last year, the startup enables users to check their credit scores and credit approval probability, financial history and performance for the last 24 months, and their loans, pay later and other credit activities.

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Other updates from DATA VANTAGE

Indonesia’s virtual multi-brand restaurant chain Dailybox received additional funding from Vertex Ventures Southeast Asia and India and Kinesys Group this week.

India-based fantasy gaming startup BuyStars received $2.75 million from gaming-focused fund Lumikai, Chiratae Ventures and Leo Capital last week. The startup had announced a $5 million pre-Series A round in March.

Singapore-based wealthtech startup WeInvest allotted shares worth [redacted] million to co-founder and CEO Bhaskar Prabhakara last week.

Foyr, the creator of a cloud-based 3D design software for interior designers and real estate professionals, received new funding this week from investors, including SRI Capital and Quext Capital.

Singapore-based ServiceQUIK, the company behind the business management platform Zing, bagged $135.6k this week from investors, including Carlin Family Superannuation Fund, Cuthill Investments Pty and Taunton Holdings.

Vietnamese social influencer platform Hiip secured additional capital last week from Thai venture capital firm Vnet Capital, Vulpes and other investors.

Australia- and Singapore-based AI startup Cortical Labs received nearly $500k last week from LifeX Ventures. The funding is part of the startup’s $10 million round announced in April.

Thai fashion platform Pomelo reported a 27% increase in losses for the financial year ended December 31, 2021, according to its recent regulatory filings.

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