Captain’s Log, Nov. 14: Indonesia’s Mobilkamu raises funding from East Ventures

Sainul Abudheen
Captain’s Log, Nov. 14: Indonesia’s Mobilkamu raises funding from East Ventures

Also in the news is Slack’s raising of US$250 million, co-led by SoftBank and Accel Partners at US$5 billion valuation

Indonesia’s personalised car-buying platform Mobilkamu raises funding

Mobilkamu, a personalised online platform for car buyers, has received an undisclosed amount of seed funding from East Ventures and Denali.

The company will use the funding to continue expansion to more towns in Indonesia.

Founded in 2015, Mobilkamu wants to make the process of buying a car less daunting. The service enables car buyers navigate through various discounts and stock availability, as well locate and get their dream car deliver to their driveway. Customers only need to submit all details of their dream car in the website and Mobilkamu will assign an account manager to personally help and guide the whole purchasing process.

Exclusive: Fenox VC is opening a startup incubator in China; to launch over US$50M India-focussed fund in 2018

Starting from finding the best deal, the platform processes relevant data for best matching and options until arranges for the car to be delivered to your door. Customers can experience all the ease of a personalized car purchase from the comfort of their home.

The startup has also secured a partnership with online marketplace Bukalapak to manage Bukamobil.

TNB Ventures invests in Vietnamese e-commerce firm

Singapore-based early-stage VC firm, TNB Ventures, has made its maiden investment in a Vietnamese e-commerce firm, according to DealStreetAsia. The VC firm invested an eight-digit figure into the startup operating in logistics and e-commerce.

As per a source, the total amount of investment is US$20 million, and it is the first fundraising round for this e-commerce startup.

Founded in 2016, TNB Ventures has a heavy focus on the IoT sector, having invested in seed rounds through the TNB Accelerator Fund, and series A and B rounds through TNB Aura Fund as well as TNB SPRING.

Kelly Services Malaysia’s former MD co-launches specialist staffing startup

Kamal Karanth A, former Managing Director at Kelly Services India and Malaysia, along with Anil Kumar ET, former Managing Director at RGF India, have announced their new venture.

Xpheno, a specialist staffing company, will address the growing demand for skilled talent in industries like IT, life sciences, consumer retail and engineering sectors in India.

Also Read: Singapore hotel industry declining amidst growth in tourism, thanks to sharing economy

Xpheno will be a one-stop shop for companies who need professionals on project as well as direct hires. Xpheno will also focus on sourcing for the lucrative US Staffing business.

Kamal and Anil bring with them, a collective experience of over 30 years, in the staffing business. The duo plan to raise Series A Funding in the next three to six months. The funds will be used to expand across all metros and to build a technology platform that can serve talent and client organisations efficiently.

Xpheno will specifically focus on meeting the shortage of skills in emerging technologies, which presents a significant growth opportunity for the company.

Xpheno currently works with over 30 clients and plans to add another 200 clients to its portfolio in the next six months.

SoftBank is co-leads Slack’s US$250 million funding round

Enterprise communication company Slack Technologies is raising about US$250 million in a funding round co-led by SoftBank Group at US$5 billion valuation, says a Bloomberg report citing sources.

Accel Partners is the other lead investor in this round. Slack will also let employees and other shareholders sell equity to investors as part of the deal, the people said.

In April 2016, Slack received US$200 million.

The post Captain’s Log, Nov. 14: Indonesia’s Mobilkamu raises funding from East Ventures appeared first on e27.