An exciting and very mixed bag of startups got funding this past week, including the winner of our recent pitching contest at Startup Asia Singapore.
Malaysia-based GrabTaxi, which runs an app-connected taxi booking service across Southeast Asia, has secured US$15 million in series B funding led by GGV Capital. China’s Qunar and Vertex Ventures also contributed money to this round.
Once the news came out, we talked to GrabTaxi and GGV to find out what comes next. Read that here.
PolicyBazaar, an Indian portal offering price comparison and analysis of insurance products, now has US$20 million (INR Rs 119 crore) in funding. It did not disclose who the investor or investors were, but it did clarify that its existing investors are not part of this series C funding round.
The new capital will be used to ramp up technology and work towards enhancing customer experience, seamless platforms, and an extensive range of product offerings.
Beijing-based peer-to-peer car rental startup Baojia announced it received US$5 million from undisclosed angel investors. Baojia lets users lend and rent their idle automobiles, but it’s only available in Beijing for the time being.
India’s biggest online marketplace, Flipkart, has raised US$210 million in funding. The investment is led by Russia’s DST Global, followed by existing investors Tiger Global, Naspers, and Iconiq Capital. This brings Flipkart’s total funding to date to US$750 million, the highest of any Indian startup. It’s previous round closed out at US$360 million in October.
Coupang, the rapidly-growing Seoul-based ecommerce startup, has raised US$100 million in an investment led by Sequoia Capital Global Equities and Sequoia Heritage. The funding will be used to help the company continue its quest to clinch Korea’s online shopping market.
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