Author: Christian Francisco
klikit said it will use the fresh funding to help restaurants across Southeast Asia grow their business with more efficient food delivery and extra revenue from virtual food brands.
Southeast Asia’s largest used car marketplace, Carro, is reportedly looking at opportunities to further expand in Asia, with eyes on the Philippines, Vietnam, and Australia.
The fresh funding brings CloudEats’ capital raised to date to about $14 million.
The Singapore-headquartered mobile payment provider has announced raising tens of millions of dollars in funding to fuel the expansion of its team and boost its product development.
Eight Philippine-based startups managed to secure funding in August, with Edamama topping the list with its $20-million Series A round.
CEO and co-founder Georg Steiger said collateralizing the company’s loan book allows it to access funding to continue serving its fast growing, underserved customer base.
With the fresh funding, the startup plans to scale its platform to help both online and offline businesses and shipping companies in the country.
In addition to expanding into the Philippines, Docquity also seeks to strengthen its presence in Indonesia, Japan, and Taiwan.
The meeting delved into the possible areas for cooperation for Indonesian and Philippine entrepreneurs, especially in the areas of technology, energy, and healthcare, said Pandu Sjahrir.
The company will use the Series A funds to further grow its platform in the Philippines, Indonesia, and Malaysia, as well as double its headcount from the current 60-strong team.
With the acquisition, WeClean plans to include other revenue lines in the business, including alterations, which used to be done in Panda Cleaners before the pandemic.
Glints’ expansion in the Philippines comes as the employment rate in the country was estimated at 94% in May 2022.