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LEAD, an Indian edtech startup, is now a unicorn after $100m Series E fundraise
LEAD is a school-focused edtech company that recently announced that it has raised $100 million in a Series E funding round led by private equity firm WestBridge Capital and GSV Ventures. This round has valued the company at $1.1 billion, making it the first edtech company to enter the unicorn club in 2022. This round […]
KoinWorks, an Indonesian digital lending company, raises $108m from MDI, East Ventures
The Covid-19 period has actually allowed KoinWorks to surge forward in the right direction. “At the beginning of the pandemic, we tried to step back and look into the situation. But we realized that it’s actually a mistake because our market kept growing amid the outbreak,” the company’s co-founder Willy Arifin told Tech in […]
India’s Mamaearth is the latest unicorn after $52m funding
The parent company of baby and mother care brand Mamaearth, Honasa Consumer Pvt Ltd, has earned the title of unicorn after raising $52m USD in the latest funding round led by Sequoia, valuing it at $1.2b USD. The new funding round saw participation by Belgium-based investment fund Sofina Ventures and the UAE-based India-focused fund Evolvence […]
Indonesian coffee chain, Kopi Kenangan, achieves unicorn status with $96m pre-IPO round
Indonesian coffee chain Kopi Kenangan has recently closed a $96.1 million Series C funding round from investors including Tybourne Capital Management, Falcon, and B Capital Group. The round consisted of both primary and secondary transactions. According to industry sources, this Series C round is very likely to be Kopi Kenangan’s last financing before an initial […]
Superapp Grab to buy Malaysian supermarket chain Jaya Grocer
Grab, a Southeast Asian tech giant, is buying Malaysian grocery chain, Jaya Grocer, saying this in its latest filing with the Securities Exchange Commission (SEC). In the filing, Grab said that it has entered into a share purchase agreement with the Malaysian firm to acquire all its ordinary shares and 75% of the preference shares. […]