Updates: We have included statements and clarifications from PropertyGuru regarding their traffic and price increase.

Singapore-based proptech platform 99.co raises US$M Series B funding round – Tech In Asia

Singapore-based proptech startup 99.co has raised a US$5 million Series B funding round, Tech In Asia reported.

In an email to e27, 99.co co-founder Darius Cheung stated that the platform’s Singapore traffic is about 1.5 million per month and has doubled in the last six months. He stated that the number is close to PropertyGuru’s traffic of 1.7 million.

PropertyGuru itself has recently made headline for increasing its prices, earlier reported to be by 1,149 per cent in nine years.

In a statement to e27, Propertyguru spokesperson explained that in an official announcement on August 6, the company changes by approximately 11-26 per cent from its existing prices.

“… We have also provided for a lot of options of flexibility for our customers, ranging from early renewal to lock in current prices as well as heavy discounts to new customers,” the spokesperson said.

PropertyGuru also stated that it has achieved 5.5 million monthly visits, based on data on Google Analytics.

Twitter leads US$100 million funding round into India’s ShareChat – TechCrunch

Indian social network platform ShareChat raised a US$100 million Series D funding round led by social media giant Twitter, TechCrunch wrote.

TrustBridge Partners, as well as existing investors Shunwei Capital, Lightspeed Venture Partners, SAIF Capital, India Quotient and Morningside Venture Capital, also participated in the funding round.

ShareChat declined to comment on valuation but a source said that the round has pushed it to US$650 million.

“This investment will help ShareChat grow and provide the company’s management team access to Twitter’s executives as thought partners,” said Twitter India managing director Manish Maheshwari.

Also Read: Sharp rhetoric as Singapore court rules 99.co did not violate PropertyGuru copyright

Vietnamese logistics startup An Vui raises funding from VinaCapital Ventures – Deal Street Asia

Vietnam-based venture capital (VC) firm VinaCapital Ventures announces an investment into local logistics startup An Vui, according to a report by DealStreetAsia.

The company said that the investment by VinaCapital Ventures would be used to enter into more strategic partnerships for its business growth.

An Vui provides end-to-end software that helps build websites to facilitate mobile applications, ticket management, and parcel shipment management, and fuel cost management.

Alpha JWC Ventures expands F&B portfolio with US$5M investment into Goola – e27

Alpha JWC Ventures just added F&B company Goola into its rapidly expanding F&B portfolio with a US$5 million investment, the VC announced today.

This investment followed an investment into local coffee chain startup Kopi Kenangan.

Goola will expand its presence in Indonesia and kick off their expansion to neighbouring Southeast Asian countries next year.

The Jakarta-based company aims to bring local delicacies to the mass market through grab-and-go version of local drinks. It also aims to implement New Retail approach to its business.

Also Read: Following acquisition, Indonesian property portal UrbanIndo rebrands to 99.co

Carousell introduces new logo, claims fourfold revenue growth in 2018 – Press Release

Singapore-based classifieds platform Carousell introduced a new logo on its seventh anniversary.

The company also announced a fourfold revenue growth in 2018. It has expanded into six markets, added new channels for properties and automobiles, and recorded over 250 million listings.

Image Credit: Markus Spiske on Unsplash