Southeast Asia's Tech Scene Booms as Startups Secure Millions
Southeast Asia's tech scene is buzzing with activity as several startups secure significant funding. CompAsia, a reverse commerce platform, has raised an undisclosed amount in a Series A round led by Gobi Partners. Meanwhile, co11ab Novena, a biotech incubator, has secured SGD 15 million (USD 11 million) from partners including Nanyang Technological University and A*STAR.
In the payments and POS sector, Qashier has made waves by securing USD 10 million in Series A funding. The Singapore-based company is working to provide an all-in-one POS system for restaurants and retailers. The funding round was co-led by Delivery Hero Ventures, with plans to strengthen Qashier's business as a super app and expand its payment and retail technology solutions.
In the professional networking sphere, Mole, a Malaysia-based platform, has received USD 110,000 in pre-seed funding from Antler. Meanwhile, Pi-xcels, a Singapore-based company, is developing paperless receipt technology and has raised USD 1.7 million in a seed funding round led by Wavemaker Partners.
Across the region, PrimaKu, an Indonesian parenting ecosystem platform, has secured an undisclosed amount in a pre-Series A funding round. In India, GradRight, a Mumbai-based edtech startup, has raised INR 500 million (USD 6.1 million) in a Series A round led by IvyCap Ventures.
These funding rounds reflect the growing interest and potential in Southeast Asia's tech industry, with investments spanning various sectors such as reverse commerce, biotech, payments, professional networking, and edtech. As these startups secure significant funding, they are poised to drive innovation and growth in their respective fields.
