Welcome to the world of Asian startups and venture deals! In this article, we will delve into the exciting funding rounds and expansion plans of some remarkable companies. Get ready to explore the investments and growth strategies of Scapia, Viva Biotech, Baaz Bikes, Lendela, Kiwi, ZappFresh, and Herby Angel. From travel fintech to electric vehicle manufacturing, these startups are making waves in their respective industries. Let's dive in and discover the latest developments in the Asian startup ecosystem.
Scapia: Revolutionizing Travel Fintech with Co-Branded Cards
Explore how Scapia is transforming the travel fintech industry with its innovative co-branded card offering. Discover the features and benefits of Scapia's card and its rapid expansion across multiple countries.
Scapia, a leading Indian travel fintech firm, is making waves with its groundbreaking co-branded card. This unique offering, developed in collaboration with Federal Bank, allows users to turn their everyday expenses into travel rewards.
The Scapia card comes with a host of enticing features, including zero-forex markup, unlimited domestic lounge access, and zero joining and annual fees. Additionally, users can enjoy a 10% reward on every transaction in the form of "Scapia coins."
Since its launch, Scapia has quickly gained traction, distributing its card in over 7500 pin codes and enabling users to travel across 50 countries in 5 continents. The company plans to leverage its recent $23 million Series A funding to expand its customer base, forge new partnerships with banking institutions, and enhance its product suite.
Viva Biotech: Fueling Drug Research and Delivery Services
Discover how Viva Biotech is revolutionizing early-stage drug research and commercial drug delivery services. Learn about its recent funding round and its plans for global expansion.
Hong Kong-based Viva Biotech has secured approximately $210 million in funding to further its mission of advancing drug research and delivery services. The company specializes in early-stage structure-based drug research and offers a comprehensive range of services to biopharmaceutical innovators.
With the recent funding, Viva Biotech aims to expand its operations and support development initiatives. The company is committed to providing one-stop services for drug design, synthesis, analysis, and more to global biopharmaceutical innovators.
Baaz Bikes: Empowering Delivery Riders with Electric Vehicles
Learn how Baaz Bikes is transforming the gig delivery industry by providing electric vehicles and innovative battery swapping infrastructure. Discover its recent funding and expansion plans.
Baaz Bikes, a pioneering electric vehicle (EV) manufacturing startup, is revolutionizing the gig delivery industry. The company offers gig delivery riders access to its EV bikes and a Dense Automated Battery Swapping Infrastructure (Baaz Swap) to facilitate efficient deliveries.
With its recent $8 million Series A funding, Baaz Bikes plans to expand its presence in the Delhi NCR region and cover 500 pin codes in the next 9-12 months. The company also aims to add more battery swapping stations, refine its product portfolio, and drive technological innovation in the EV space.
Lendela: Simplifying Digital Loan Matchmaking
Discover how Lendela is revolutionizing the lending industry with its digital loan matchmaking platform. Learn about its recent funding and expansion plans in the Asia Pacific region.
Singapore-based lending platform Lendela has successfully raised $5 million in a Series A funding round. The company operates a digital loan matchmaking platform that provides borrowers with tailored loan options, with processing times as fast as 10 minutes.
With the recent funding, Lendela plans to fuel its expansion across the Asia Pacific region, with a targeted market launch anticipated in the third quarter of 2024. The company will also allocate part of the funds to product development, enhancing its platform's capabilities and user experience.
Kiwi: Redefining Credit Cards with UPI Integration
Explore how Kiwi is reshaping the Indian fintech landscape with its credit cards on UPI. Learn about its recent funding and plans to expand its offerings in collaboration with major banks.
Indian fintech startup Kiwi is making waves with its innovative credit cards on UPI. The company is the first in India to introduce digital RuPay Cards that can be used for secure payments through credit cards or bank accounts directly from users' phones.
With its recent $13 million Series A funding, led by Omidyar Network India, Kiwi plans to expand its credit card offerings in collaboration with two major banks. The company aims to further enhance its services and product portfolio, providing users with seamless and secure digital payment solutions.
ZappFresh: Delivering Fresh Meat and Seafood to Your Doorstep
Discover how ZappFresh is revolutionizing the meat delivery industry with its high-quality products and convenient service. Learn about its recent funding and plans for expansion.
Gurugram-based ZappFresh is transforming the way people access fresh meat and seafood. The platform offers a wide range of high-quality products sourced from local farms, delivered directly to customers' doorsteps.
With its recent funding of approximately $4.3 million, ZappFresh plans to expand its operations in both North and South markets. The company aims to enhance its infrastructure, acquire new customers, and launch new product lines to cater to evolving customer preferences.
Herby Angel: Embracing Ayurvedic and Organic Personal Care
Learn about Herby Angel, an Indian brand specializing in Ayurvedic and organic personal care products. Discover its recent funding and plans for business growth and expansion.
Herby Angel, an emerging Ayurvedic and organic personal care brand, is gaining popularity for its high-quality products. The brand operates as an omnichannel model, selling both online and through a general distribution network.
With its recent funding of $2.5 million from JCBL Group, Herby Angel plans to accelerate its business growth and technological advancements. The brand aims to expand its product portfolio, research and development efforts, and marketing initiatives to reach a wider audience.
