Data Vantage | TWID continues fundraising, ASTRO & Glance get money in the bank
Edition #190, 12 July 2022
Dear Reader,
TWID, a rewards-based payments company headquartered in Singapore and Bengaluru, received $7 million in fresh funding last week, according to regulatory filings. Rakuten Capital provided nearly $3 million, while the rest came from BEENEXT, Surge, January Capital, and ICMG Partners.
The startup had earlier secured $2.5 million from Google at the same share price. The latest capital injection brings its round total to $9.5 million.
TWID had last announced raising $2.5 million in funding from BEENEXT and Surge in 2021.
Top shareholders in TWID
Source: DATA VANTAGE
Indonesian quick commerce startup ASTRO received another $5 million from investment firm Citius last week. The investment is part of a $60 million Series B round announced in May. The funding co-led by Accel, Citius, and Tiger Global Management marked one of the fastest Series B rounds raised after a startup’s launch in Southeast Asia.
The lead investors contributed $10 million each to the round, according to DATA VANTAGE. The startup has now received nearly $55 million in equity funding as part of the round.
ASTRO offers over 1,500 daily essentials and promises 15-minute grocery delivery in almost 50 locations near Jakarta. It had closed a $27 million Series A round in February.
Other updates from DATA VANTAGE
Glance, an Indian lock screen content company owned by adtech firm InMobi, received $200 million from Reliance Industries’s digital arm Jio Platforms last week. The investment, which was announced in February, enables the Indian conglomerate to bring Glance’s services to its new smartphones.
Glance, which is also backed by Google, is reportedly planning to launch its services in the US.
Crown Digital, the startup behind Singapore’s first robotic barista ELLA, bagged S$3.3 million ($2.4 million) from Japan’s Real Tech Fund last week.
Online gaming platform Mobile Premier League (MPL) received $502,000 from Accrete Capital last week as part of its Series E round announced last year. The company had entered the unicorn club in September last year after securing $150 million in the Series E round led by Legatum Capital.
Lista, a Philippines-based financial management platform, allotted Series A shares worth $5.68 million last week to investors in its latest round and noteholders from a previous financing. Openspace Ventures led the $5.1 million equity funding round with a $2.9 million contribution.
Binar Academy, an Indonesian edtech firm, bagged $101,000 from YCAB Ventures last week.
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