CatchThatBus, a bus-ticketing platform, has received a US$1.5mil pre-Series A round, with the founders aiming for a much bigger round, writes Karamjit Singh.
MotionElements, a microstock marketplace for video makers, said it has raised an undisclosed amount in pre-Series A funding, led by KK Fund (Singapore) and joined by Incubate Fund (Japan) and 500 Startups.
Automotive portal Carsome, which connects car buyers to dealers, said it has raised US$350,000 in its first round of funding, from 500 Startups and IdeaRiverRun (IRR).
There was less buzz than usual when GrabTaxi raised its largest round so far, a whopping US$350 million! Is it a case of funding fatigue, or because GrabTaxi is an entirely different creature now, DNA founder Karamjit Singh ponders.
This week's show starts with the incredible US$350-million record-breaking round that Malaysian-launched and -owned GrabTaxi has announced, but also looks at other startups playing the regional game, as well as not-so-old-school player Telekom Malaysia.
Singapore-based online grocer and marketplace RedMart announced it has closed a US$26.7 bridge round, bringing its total funding since inception to US$54 million, and has hired a former Amazon.com vice president as chief operating officer (COO).
GrabTaxi Holdings Pte Ltd announced its largest ever funding – over US$350 million, from US technology investment firm Coatue Management LLC, China’s sovereign wealth fund China Investment Corporation (CIC), and Didi Kuaidi, a rival service also funded by CIC.
ST Telemedia said it was the lead investor in San Francisco, California-based big data analytics and visualisation company Datameer’s US$40-million financing round, with Top Tier Capital Partners joining in.
CloudDesk Pte Ltd said it has closed a S$589,000 (US$420,000) round of funding from the National Research Foundation (NRF), through its Technology Incubation Scheme (TIS), and investment firm and incubator IncuVest.
Investors live and breathe term sheets and waterfall tables, and so things that might be simple for them to understand can be downright byzantine for most others, including entrepreneurs. Justin Hall gives some tips here – because if you’re not careful, you may end up with nothing.