Fintech startup Akulaku has raised a $200M funding round led by Mitsubishi Group. The company is based in Indonesia. More: - Akulaku provides digital banking services for underserved communities, e-commerce tools for merchants, and a buy-now-pay-later service.
- Currently, its platform is used by 8 million people on a monthly basis, has 32 million registered users in total, and has processed nearly 300 million transactions.
- Akulaku operates in Indonesia, the Philippines, and Malaysia.
- The company aims to use the funding to expand its user base and reach 50 million users by 2025.
- Since its inception in 2014, the company has raised $648M and has over 1,000 employees.
| |
WeWork India has raised a $67M funding round from BPEA Credit. The company aims to use the funding to further expand its market share in India. More: - Launched in 2017, WeWork India is a joint venture between WeWork and Embassy Group. The latter is a real estate company based in India.
- WeWork India has 41 locations in six cities, including Bengaluru, Mumbai, Gurugram, Noida, Hyderabad, and Pune.
- The company had $21.2M in profit in 2022 after netting a loss of $14.5M in 2021.
- Its property portfolio includes 70,000 desks across 6 million square feet (557,418 square meters) of real estate.
- The company aims to use this funding to increase its portfolio to 95,000 desks and add 1 million square feet of office space.
- WeWork invested $100M in WeWork India during the pandemic in 2020, which led the U.S.-based company to have a 27% stake in the business.
- WeWork India claims that 70% of its clients are large enterprises, some of which include 3M, Honeywell, and Khaitan & Co.
| |
| A message from PENDULUM THERAPEUTICS The next-generation probiotic associated with a healthy weight, metabolism, and gut lining… Meet Pendulum Akkermansia, the probiotic that doctors, scientists, and even Halle Berry is talking about. This keystone strain strengthens the gut lining and boosts GLP-1 production, which is associated with managing weight. It also helps promote a healthier gut microbiome and improved GI function. Founded by PhD scientists, Pendulum is the first and only company to manufacture this novel strain and sell it in the form of a daily probiotic capsule. They are now offering Inside readers 20% off their first month of Pendulum with code INSIDE20 at Pendulumlife.com Claim 20% off now
| |
Hong Kong-based Hyphen Group has raised a $22M funding round to expand its financial product suite. The company currently offers over 1,500 products to more than 10 million users per month. More: - Hyphen Group offers fintech services and products that help its users reach their personal finance goals.
- The company has several businesses in its portfolio, such as:
- Moneyhero,
- SingSaver,
- Money101,
- CompareHero,
- MoneyMax,
- eKos_Connect, and
- Seedly.
- It aims to become the leading fintech service provider in the Greater Southeast Asia region.
- The company is headquartered in Hong Kong and Singapore but also has offices in Taiwan, Malaysia, and the Philippines.
- PCCW led the oversubscribed funding round, helping the company raise $2M more than its initial ask.
- The fintech company has raised $158M in funding since being founded in 2014.
- Hyphen Group has 336 full-time employees.
| |
Samsung has led a $10M funding round for UNDP as it aims to boost the realization of the U.N.'s Sustainable Development Goals. The funding was made through Samsung's Global Goals app. More: - The Sustainable Development Goals are a list of milestones that aim to create a more equitable, just, and sustainable world by 2030.
- Initially created in 2015 in agreement with representatives from around the world, some of the 17 goals are:
- No Poverty,
- Zero Hunger,
- Good Health and Well-being,
- Quality Education,
- Gender Equality,
- Clean Water and Sanitation, etc.
- The United Nations Development Programme is a U.N. agency in charge of deploying programs that help countries eliminate poverty and develop their economic activity through different schemes that boost a diverse range of economic sectors.
- The Samsung Global Goals application is installed on around 300 million Galaxy devices globally. This application enables users to donate directly, use wallpapers to increase ad earnings, or generate funding by watching advertisements in the app.
- Samsung claims that its application has played a key role in helping users become aware of the issues that the world faces and has made contributing straightforward and easy.
| |
 A message from ARRIVED Unbelievable: a must-see real estate investing hack. Arrived is an easy-to-use real estate investment platform offering SEC-qualified investments, and it’s backed by world-class investors like Jeff Bezos and Marc Benioff. In a few clicks, you can: - Browse properties (<1% make it through vetting): AirBnBs, long-term rentals, and more coming soon.
- Pick your favorites: invest anywhere between $100 to $50K per property.
- Boom: you're officially earning income and appreciation while Arrived manages your properties.
Both first-time investors and long-time real estate millionaires are flocking to Arrived, funding over 200 properties and $75M of property value since last year. Demand is high. What’s holding you back? Browse Properties
| |
Today's funding 💵 Ed-tech - Collegedekho (India), an ed-tech platform that connects prospective students and colleges: $9M Growth led by Winter Capital Partners.
Food tech - Bajo Foods (India), the parent company of the low-carb food brand Keto Brand – Lo! Foods: $2M Growth led by Mount Judi Ventures with participation from Mr. S Ramadorai.
Hardware - ProFrac (Texas), a frac company that provides equipment, transport, and manufacturing: $2M acquisition of Monarch Silica's sand mining operation.
- Assa Abloy (Sweden), develops door security products: undisclosed acquisition of Janam Technologies.
E-commerce - Nosto (Finland), a company that develops proprietary e-commerce software solutions that aim to enhance customer experience: undisclosed acquisition of Findologic (Austria), an AI-powered conversion tool.
Supply Chain - Orderlion (Austria), aims to digitalize B2B businesses and their supply chain process: undisclosed acquisition of Supli (France), a company that specializes in the provision of innovative solutions for streamlining and optimizing food supply chains.
Insurance - Arthur J.Gallagher (Illinois), an insurance and risk management brokerage company: undisclosed acquisition of ROC Group (Illinois), a company that specializes in employee communication and HR.
| |
Quick Hits: - Jamf Now is helping businesses set up and secure Apple devices with no IT experience necessary. Manage up to 3 devices for free.*
- Cosan Dez (Brazil), an energy holding company involved with natural gas, oil, and other energy source activities, announced an undisclosed acquisition of Compass.
- Mutual Mobile has been acquired by digital transformation solutions provider Grid Dynamics. The amount remains undisclosed.
- The number of new unicorns dropped by half compared to 2021, according to a new report.
- Real estate has outperformed the S&P500 (20+ years). Arrived, a Bezos-backed company, finally lets everyone take advantage of it.*
*This is sponsored content.
| |
Upcoming events at Inside: - January 05 - AMA with Gun.io - Building and managing software development teams w/ Deividi Silva (Watch On Demand)
- January 06 - AMA with LinearB - Improving workflow for developers w/ Ori Keren (Watch On Demand)
- January 10 - Inside Startups Coffee Break (Register Here)
- January 17 - Inside Marketing Coffee Break (Register Here)
- January 31 - Growth Summit 2023 (Register Here)
| |
 |  | Arbër is an Inside writer who also has experience in entrepreneurship. He has experience covering Consumer Tech, Venture Capital, NFTs, Crypto, etc. Arbër holds a Bachelor's degree in Business from XAMK University in Finland. When he is not reading(and writing) business news, he chooses to watch sports or anime...and then read news about sports or anime. |   | | Editor | Aaron Crutchfield is based in the high desert of California. Over the last two decades, he has spent time writing and editing at various local newspapers and defense contractors in California. When he's not working, he can often be found looking at the latest memes with his kids or working on his 1962 and 1972 Fords. | |
Pendulum is now offering Inside readers 20% off their first month with code INSIDE20. | |
| |
Comments
Post a Comment