Data Vantage | Zepto, Wallex, Semaai, Delos, Atome and SAVii bag capital
Edition #305, 5 September 2023
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Dear *|IF:FNAME|**|FNAME|*,*|ELSE:|*Reader,
India-based online grocery firm Zepto received [redacted] million last week from StepStone Group, Nexus Venture Partners, Goodwater Capital, Glade Brook Capital and Lachy Groom, among other investors.
The funding is part of the company’s recent $200 million round, which catapulted it into the unicorn club. Zepto became the first Indian startup this year to achieve the vaunted billion-dollar valuation.
The deal marks StepStone Group’s first direct investment in an Indian company. The private markets firm contributed [redacted] million to the round as the lead investor.
Singapore-based B2B cross-border payments provider Wallex secured $5.2 million last week from parent company M-DAQ. This is the first capital infusion by the fintech company in the former after acquiring it in February last year.
Wallex claims to offer a single platform to help businesses manage their foreign exchanges, cross-border payments and collection needs.
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Other updates from DATA VANTAGE
Indonesian agritech startup Semaai allotted shares worth [redacted] million last week to investors, including CyberAgent Capital, Peak XV Partners’s Surge, Accion Venture Lab and BEENEXT.
Atome, a Singapore-based buy now, pay later services provider, received $1.5 million last week from its parent company.
Indonesia-based aquaculture-tech startup Delos bagged [redacted] million in new funding last week, per regulatory filings.
Philippine salary-linked finance provider SAVii, formerly known as Uploan, secured [redacted] million from Headline Asia and other investors.
Singapore-based healthtech firm WhiteCoat received fresh capital last week from investors, including SGInnovate. The latest capital infusion brings its ongoing round total to [redacted] million.
Razer Fintech, the financial technology arm of gaming hardware major Razer, reported a nearly 14% drop in revenue for the financial year ended December 31, 2022. Its losses came down 37.6% during the period.
UOB Venture Management-backed pharma company Juniper Biologics recorded its first revenue of [redacted] million in the financial year ended Dec 31, 2022. It also made a small profit during the period.
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