Data Vantage | Vetreska, MySuki, coto, ReturnKey and Edukita in focus
Edition #369, 2 May 2024
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Dear Reader,
Pet supplies and accessories company Vetreska Future Pet Food received [redacted] million from venture capital (VC) firm Quest Ventures this week. The latest transaction brings the VC’s investment in the firm to [redacted] million to date.
Vetreska Future Pet Food, a subsidiary of Chinese pet lifestyle brand Vetreska, had announced plans to spin out as an independent business in 2022 after securing a $50 million investment from Quest Ventures.
Co-founded by Singaporean Donald Kng in 2017, Vetreska today has offices in Singapore, New York and Japan. The company opened its first flagship luxury pet care store in Singapore in February this year and has previously formed partnerships with companies such as Chewy, Costco, TJX, and Macy’s to retail its products.
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Other updates from DATA VANTAGE
Philippine startup MySuki, which provides an e-commerce platform to connect local sari-sari stories with grocers and wholesalers, received [redacted] million last week from Cebu-based investment firm LH Paragon, retailer Prince Retail Holdings, logistics firm Cold Link Asia Logistics, and others.
coto, a social media platform exclusively for women, issued shares worth $2 million to VC firm Jungle Ventures this week. The company, which has operations in India, recently forayed into the Middle East and North Africa (MENA) and is looking to expand to Southeast Asia.
Indonesian full-stack recommerce platform ReturnKey received fresh funding from Argor Capital, formerly known as Go-Ventures, last week. The capital injection is part of a new Series A round backed by Vertex Ventures Southeast Asia & India.
Edukita, an Indonesian edtech startup focused on English language learning, has issued shares worth [redacted] million to investors, including [redacted], W Ventures, Evolve Capital Management and Aldi Haryopratomo.
EximPe, an Indian fintech company that provides forex payment, trade finance and compliance solutions to importers and exporters, received $1.4 million this week from VC firm Leo Capital, angel investor Ashish Gupta, CRED founder Kunal Shah, and others.
HR tech startup FastJobs received [redacted] from Malaysia-based investment firm OSK Ventures this week. The company had last secured equity funding in 2022.
Singapore-based smart IoT wearables platform Cove IoT issued shares worth $100k to parent company Imagine Marketing, which is popular in India for its wearable brand boAt.
AC Ventures-backed Indonesian software as a service (SaaS) company Majoo reported a more than 3x jump in its net loss for the financial year ended July 31, 2023.
Singapore-based gaming company Dynasty Gaming & Media saw its losses surge 32% for the financial year ended August 31, 2023.
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