Captain’s Log, Sept 20: GamingMonk raises funding, Mobike debuts in the US

Anisa Menur

Minio announces Series A funding round, The Great Room also raises its Series A, and iGrow will represent Southeast Asia in Startup World Cup 2018

Image Credit: Mobike

GamingMonk raises funding from AdvantEdge, launches new e-sports portal


Indian e-sports company GamingMonk announced on Tuesday that it has raised an undisclosed funding round from early stage investor AdvantEdge to launch a subscription-based e-sports portal.

Starting out as an e-commerce platform to sell consoles, gaming titles, and other gaming accessories, in 2016 GamingMonk has pivoted to become an offline e-sports competitive events organiser. It has organised over 40 offline competitions with over 15,000 participants, and has partnered with brands such as Sony, Microsoft, HP, Amazon, Nvidia and Mountain Dew.

The company stated that it is currently developing an e-sports league model built on top of its online and offline platforms, with “big names” from Bollywood, cricketers, and the gaming industry “looking to come on board.”

It also stated that the company is set to close its next round of funding at the end of the year.

Mobike enters the US by launching service in Washington, D. C.


Chinese bike-sharing company Mobike has expanded to the US by launching its service in Washington, D.C.

Being the first city in the country to have Mobike’s service, the company has placed dockless bikes in key downtown locations. It worked with city leaders and planners to launch the service.

Mobike also made several changes to its bikes to specifically serve Washington D.C., such as the shape of the bike and an addition of three gears.

The Mobike service is now available in “over” 180 cities.

Minio raises US$20M Series A, launches multi-cloud object storage solutions


Minio, which provides open source object storage for cloud-native and containerized applications, today announced that it has raised a US$20 million Series A funding round led by Dell Technologies Capital, General Catalyst Partners and Nexus Venture Partners.

Intel Capital, AME Cloud, and Steve Singh also participated in the funding round.

The company will use the new funding to accelerate product development, company growth, and “keeping pace with rapidly growing industry demand.”

It also announced the launch of its multi-cloud object storage offering, which brings Amazon S3 compatible object APIs to all cloud-native environments. The multi-cloud tech enables users to build their own Amazon S3-compatible object storage on bare metal, public cloud, or existing SAN/NAS storage infrastructure.

oBike launches in Phuket


oBike rolls out 200 bikes at Thammasat University, Bangkok. Image Credit: oBike

Singapore-based bike-sharing company oBike today launched its service in Phuket at an MOU-signing event between the company, the Governor of Phuket, and Norraphat Plodthong.

oBike also rolled out 200 bikes at the campus ground of Thammasat University in Bangkok

Already available in Singapore and Malaysia, the launch in Thailand will also be the company’s first global deployment of bikes with three gears.

The Great Room raises Series A funding round, will expand globally



Image Credit: The Great Room

Singapore-based coworking space The Great Room announced that it has raised an undisclosed Series A funding round led by C31 Ventures with participation from iGlobe Partners and the family office of Goldbell Group.

The company will use the funding to fuel expansion across seven lo.cations in four cities: Bangkok, Hong Kong, Jakarta and Singapore by 2018.

The Great Room’s first location in Singapore was launched in 2016, and the company claimed that it has achieved full caacity within four months. It is also set to open second location in the city by Q4 2017.

With the announcement of its new funding, The Great Room also introduced a business club.

iGrow wins regional chapter of Startup World Cup 2018


Indonesian agritech startup iGrow has been named as winner of the regional chapter of the Startup World Cup (SWC), a startup competition hosted by Fenox Venture Capital with the support of Indonesian creative economy agency BEKRAF, in Jakarta on Tuesday.

The startup will compete with 30 regional delegations from six continents at the grand final of the event, which will be held in San Francisco in May 2018. The winner will take home US$1 million investment as grand prize.

BEKRAF also named three startups who had won through Wild Card Round to be sent to participate in a conference at SWC: Eresto, PanenID, and Merlin Booking.

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