500 Southeast Asia
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500 Southeast Asia

Durians Daily #305: Top stories in July on US$440M funding to benefit Indonesians through Grab & HappyFresh and more

This month, we cover big stories in Indonesia. A media conglomerate invests US$375 million in Grab Indonesia, HappyFresh bags US$65 million in a Series D funding, Carsome buys a stake in a Jakarta-based offline car and motorcycle auction company, and Bukalapak kicks off Indonesia’s biggest IPO in a decade. Meanwhile in Singapore, Nas Academy raises US$11 million to develop a learning platform for content creators.

Missed the last weekly roundup? Check it out here.

Photo credit: Nick Agus Arya on Unsplash

Other stories you may have missed:

Missed out the last Durians Daily? Go here to check it out.

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Durians family of funds. The 500 Durians funds have backed over 200 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.

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500 Global is a VC firm on a mission to uplift people and economies around the world through entrepreneurship.

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500 Southeast Asia

500 Southeast Asia

500 Southeast Asia is an early-stage VC firm; The company has backed over 250 companies across multiple sectors from internet to consumer to deep technology.

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