Research from Tech in Asia, Tech in Asia

Tech in Asia

Research from Tech in Asia

Tech in Asia (YC W15) is the largest English-language technology media company that focuses on Asia. From the latest news to the hottest trends and the boldest startups to the strongest titans, we cover everything tech in the region. Our goal is to build and serve Asia’s tech and startup community.

News from Tech in Asia

Private Capital Markets

Jumbotail Technologies Pvt  / Private Capital Markets

Jumbotail Technologies Private Limited designs and develops software. The Company offers an online platform for wholesalers to sell their products and services online. Jumbotail Technologies serves customers in India.

Jumbotail Technologies Pvt  (1426515D IN)

<ul><li>B2B ecommerce startups in India and Southeast Asia have been facing challenges in scaling up their businesses after the pandemic.</li><li>In December 2023, Indian unicorn Udaan laid off at least 100 employees after raising US$340 million, while two months earlier, Indonesia-based Ula announced that it was also cutting jobs and transitioning out of its inventory-led FMCG distribution business.</li><li>However, positive news comes from B2B startup Jumbotail, which has raised US$18.2 million in an equity round.</li></ul>

B2B ecommerce startups in India and Southeast Asia have been facing challenges in scaling up their businesses after the pandemic.In December 2023, Indian unicorn Udaan laid off at least 100 employees after raising US$340 million, while two months earlier, Indonesia-based Ula announced that it was also cutting jobs and transitioning out of its inventory-led FMCG distribution business.However, positive news comes from B2B startup Jumbotail, which has raised US$18.2 million in an equity round.

Jumbotail nets $18m amid tough B2B ecommerce market

Startale Labs   / Private Capital Markets

Startale Labs Pte. Ltd. creates tools and infrastructure to help enterprises to adopt web3. The Company makes web3 infrastructure and public goods. Startale Labs serves customers in Singapore.

<ul><li><a href="https://startale.org/about" target="_blank" rel="noopener">Startale Labs</a>, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.</li><li>UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.</li><li>Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by <a href="https://www.linkedin.com/in/sota-watanabe-b962b3110/?original_referer=https%3A%2F%2Fwww%2Egoogle%2Ecom%2F&amp;originalSubdomain=sg" target="_blank" rel="noopener">Sota Watanabe</a>, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.</li></ul>

Startale Labs, a Singapore-based Web3 startup, has raised US$3.5 million in a series A follow-up round, according to Alternatives.pe.UVM Signum Blockchain Fund, Sony Network, and Samsung Next Ventures were some of the investors in the round, which was raised at a post-money valuation of US$63.5 million.Founded in January 2023, Startale Labs specializes in Web3 infrastructure development. Helmed by Sota Watanabe, the company creates core infrastructure and applications for Web3 that is integrated onto the Astar Network blockchain.

Singapore-based web3 startup nets $3.5m funding

Pet Centric Pvt  / Private Capital Markets

Pets Centric Private Limited, doing business as Supertails, operates a digital pet care platform. The Company offers dog and cat foods and accessories, as well as online vet consulting services. Supertails serves customers in India.

<ul><li>In India, demand for pets is on the rise – so much so that the country’s pet care market is estimated to reach US$1.9 billion by 2030. However, that also means an influx of first-time pet owners who don’t always know how to take care of their charges.</li><li>That’s where companies like Supertails come in.</li><li>An India-based pet care startup, Supertails addresses the needs of inexperienced owners by offering a holistic platform for pet care in India.</li></ul>

In India, demand for pets is on the rise – so much so that the country’s pet care market is estimated to reach US$1.9 billion by 2030. However, that also means an influx of first-time pet owners who don’t always know how to take care of their charges.That’s where companies like Supertails come in.An India-based pet care startup, Supertails addresses the needs of inexperienced owners by offering a holistic platform for pet care in India.

India pet care startup scores $15m to help first-time owners

Amperesand Pte. Ltd. provides infrastructure solutions. The Company offers system contains silicon carbide devices and proprietary high-frequency transformers. Amperesand serves customers in Singapore.

<ul><li><a href="https://amperesand.io/" target="_blank" rel="noopener">Amperesand</a>, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.</li><li>Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.</li><li>TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.</li></ul>

Amperesand, a Singapore-based electrical infrastructure company, has raised over US$12.4 million in seed funding.Xora Innovation, Temasek’s deeptech early-stage investment platform, co-led the round with venture capital firm Material Impact.TDK Ventures, the venture arm of Japanese electronics firm TDK, also participated, along with Foothill Ventures.

NTU-incubated startup Amperesand charges ahead with funding

Metalbook Inc. provides software solutions. The Company offers a digital supply-chain platform that connects a global network of metal suppliers and consumers with one-stop shop and pricing information. Metalbook serves customers worldwide.

<ul><li>While some B2B ecommerce firms are <a href="https://www.techinasia.com/ula-udaan-struggles-cast-shadow-b2b-ecommerce-future" target="_blank" rel="noopener">struggling</a>, others are thriving. India-based <a href="https://www.metalbook.co.in/about-us" target="_blank" rel="noopener">Metalbook</a>, a B2B platform focused on the global metal supply chain, said it is eyeing US$200 million in annualized revenue run rate by the end of the 2024 fiscal year.</li><li>Founded in 2021, the startup has raised US$15 million in a series A round led by Rigel Capital. FJ Labs participated, as well as existing investors Axilor Ventures and Stride Ventures, among others.</li><li>Metalbook helps customers through their entire metal manufacturing and procurement cycle. This includes everything from buying and selling to customization, logistics, scrap recycling, as well as financing.</li></ul>

While some B2B ecommerce firms are struggling, others are thriving. India-based Metalbook, a B2B platform focused on the global metal supply chain, said it is eyeing US$200 million in annualized revenue run rate by the end of the 2024 fiscal year.Founded in 2021, the startup has raised US$15 million in a series A round led by Rigel Capital. FJ Labs participated, as well as existing investors Axilor Ventures and Stride Ventures, among others.Metalbook helps customers through their entire metal manufacturing and procurement cycle. This includes everything from buying and selling to customization, logistics, scrap recycling, as well as financing.

B2B firm Metalbook proves its mettle, raises $15m