Why Startups Shouldn’t Raise VC Funding Just Because They Can
Timing is everything. Evaluating the right timing of VC fundraising is significant for any entrepreneur. But many startups raise money just because it’s readily available in the market. The startup ecosystem worldwide has been expanding rapidly. It has made entrepreneurs eager to come up with creative and original ideas to make it big. Thus, the venture capital who are the...
AQWIRE raises US$ 2.1M in Series A funding
The Philippines-based PropTech startup AQWIRE has raised US$ 2.1M in a Series A funding round held in November 2020, led by Spiral Ventures. Other participants in the funding round include Gentree, PropertyGuru’s original investor Vulpes, Betatron Venture, and Steve Melhuish (co-founder of PropertyGuru). The startup is also expecting US$ 2M in venture loans to be utilized for float and...
Pickupp nets undisclosed amount in Series A funding
Singapore-based logistics startup Pickupp has raised an undisclosed amount of funding in a Series A round held in November 2020. Investors in the round include Vision Plus Capital, Alibaba Entrepreneurs Fund, Cyberport Macro Fund, Swire Properties New Ventures and SparkLabs Taipei. The fresh funds will be used by the startup to fast-track its expansion in Southeast Asia, with a goal...
US-Based X-Byte Enterprise Solutions Launches its Startup Tech Accelerator Program
Full-cycle software development service provider, X-Byte Enterprise Solutions has launched its Startup Tech Accelerator Program. It seeks to help startups to take their business to a whole new level. What Is X-Byte Enterprise Solutions’ Tech Accelerator Program? It’s a one-of-a-kind supercharger program conceived and developed by X-Byte Enterprise Solutions with an aim to boost the nation’s entrepreneurial spirit. The enterprise will...
India’s Latest Unicorn Cars24 Raises US$ 200M
India-based online platform to sell second-hand cars CARS24 raised US$200 million on 24 November 2020 in a Series E funding round. The funding round was led by DST Global. Other participants include existing investors, Exor Seeds, Moore Strategic Ventures, and Unbound. Previously, Cars24 had also raised funds from Apoletto Asia- the personal investment vehicle of DST’s head- Russian Israeli billionaire...
UK based Homeppl secures US$ 2 million financing
A UK based enterprise, Homeppl that provides a tenant referencing system has secured US$ 2 million funding on 27th November 2020. The round was led by JLR Star, Fair by Design and Ascension Ventures. The company is planning to use this investment for continuing their expansion in the UK rental market. They are also planning to hire new staff in...
The imperative M&A deals of the pharmaceutical sector
M&A continues to be one of the prevalent strategies that many pharmaceutical companies take as a core driver for growth expectations in the sector. In the last few years, Merger and Acquisition deals have served as a prime force to address the changes in the pharmaceutical industry thereby bringing strong financial performances. Some of the underlying motivations of these...
Swiss startup GUURU secures $5M in Series A extension
GUURU Solutions Ltd, a Zurich-based SaaS customer service startup raised US$ 5M in a Series A extension funding held in November 2020, led by Spark Invest. Other participants include existing investors Investiere, EquityPitcher Ventures and Swiss Post Ventures. This brings the total Series A financing to $7.9 million. The company plans to use the fresh capital to concentrate on its...
Meal delivery startup Feast & Fettle Raises $1.2M in Seed Funding
Feast and Fettle, a Rhode Island and Massachusetts based fully-prepared meal delivery service closed a US$ 1.2 million seed funding round held in November 2020. It was led by Salem Capital Management, which is one of the family offices of Paul Salem, Senior Managing Director, Chairman at MGM Resorts and Emeritus at Providence Equity Partners. The funding will immediately go...
Top 10 Logistics Services Startups in the ASEAN
Individuals and businesses, both are demanding delivery of their products or services faster and cheaper than ever before. This is where the logistics startups come into the picture. From ordering goods to food and other essential items at our doorstep, these startups are helping us in our personal lives on a nearly day-by-day basis. Let’s have a look at the...
