Singapore Deep Tech Alliance launches new enterprise builder programme
The story: Singapore Deep-Tech Alliance (SDTA2) has introduced the launch of SDTA22, a enterprise builder programme, powered by XNode, a startup accelerator in China.
Extra concerning the SDTA22: A 9-month programme that goals to construct deeptech corporations that drive environmental sustainability by superior manufacturing.
The way it will assist startups: By offering chosen groups entry to SDTA’s newly-patented applied sciences within the following verticals: semiconductor, power, automotive, medtech and {hardware}.
XNode’s extensive trade community may also be offered for startups to leverage on and lay the groundwork for growth into China.
Extra concerning the story: The programme will kick off in July 2021 and shall be break up into three phases.
Every part shall be structured with deliverables primarily based on expertise utility analysis, product growth, market analysis, crew growth, and partnership acquisition, with the ultimate demo day being the closing ceremony.
Meesho joins India’s unicorn membership following US$300M funding
The story: Meesho, an India-based social-commerce platform, has raised US$300 million in a Sequence E spherical, based on The EconomicTimes.
Traders: SoftBank Imaginative and prescient Fund 2 (lead), Prosus Ventures, Fb, Shunwei Capital, Enterprise Freeway, and Knollwood Funding.
Present valuation: US$2.1 billion.
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What the funding shall be used for: Hiring and rising its crew throughout expertise, product, and different capabilities.
StashFin raises US$40M to develop throughout South Asia
The story: StashFin, an India-based neo-banking startup, has raised US$40 million in a Sequence B extension fairness funding spherical.
Traders: Altara Ventures, Uncorrelated Ventures, Kravis Funding Companions, built-in Capital, Saison Capital, Tencent Cloud Europe BV, Alto Companions, Snow Leopard Ventures, and Optimistic Strikes.
What the funding shall be used for: Growth throughout South Asia, development in present markets, and to strengthen its buyer platform for native languages.
About StashFin: A digital lending enterprise that enables prospects to entry their credit score facility with zero annual charges and simple month-to-month installments.
InfuseAI raises US$4.3M Sequence A from Hive Ventures
The story: InfuseAI, a Taiwan-based startup, has raised US$4.3 million in a Sequence A funding spherical.
Traders: Wistron Company (lead), Hive Ventures, High Taiwan Enterprise Capital Group, and Silicon Valley Taiwan Investments.
About InfuseAI: Based. in 2018, InfuseAI helps companies kickstart and handle the deployment of machine studying (ML) and AI shortly with out worrying about establishing the computing, storage, and purposes setting.
Extra concerning the story: InfuseAI principally operates in Taiwan, the place it largely serves monetary and manufacturing purchasers.
Additionally Learn: AppWorks raises US$114M for fund III to again Sequence A and B startups in SEA, Taiwan
The marketplace for ML options is rising quickly with the worldwide market anticipated to achieve virtually US$4 billion by 2025.
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Picture Credit score: Rita Chou
The publish Briefly: New deeptech enterprise builder programme launched in S’pore; India’s Meesho is now a unicorn appeared first on e27.