500 Southeast Asia
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500 Southeast Asia

Durians Daily #54: Eko announces acquisition and new parent company for global expansion; Vokal launches Twitter-like app in 12 Indian languages; Food Market Hub collaborates with 10,000 sqft cloud kitchen

The lowdown in today’s Durians Daily.

Introducing, Amity

  • At the same time, they have acquired local AI chatbot firm ConvoLab. With the acquisition, ConvoLab is now part of Amity’s suite of digital solutions, which already counts Eko and app development kit Upstra.
Korawad Chearavanont / Credit: Amity
  • The spike has been attributed to global lockdown measures to curb the coronavirus spread. “This is for people who are not at their desks,” Korowad says.
  • To date, the company has over 5 million active users from almost 100 enterprise clients across Asia, Europe, and North America.

Talk with Koo

  • The reason is, according to the official website, “Just 10% of India speaks English. Almost 1 billion people in India don’t know English. Instead they speak one of India’s 100s of languages. They are now getting access to smartphones and would love an internet in their language. However, majority of the internet has been in English.”
  • Called Koo, the app has gathered over 100k downloads on Google Playstore.
Credit: Koo
  • The launch comes after the Indian government’s decision to ban apps like TikTok and WeChat.

Let’s get cookin’

  • Cookhouse is Malaysia’s first cloud kitchen. A 10,000 sq ft featuring five private kitchen studios, a shared baking production, walk-in freezers and chillers, packing facility, loading area, and food delivery pick up stations for food businesses of all sizes to prep, create, and ship their products out in an efficient manner.
  • 500-backed Food Market Hub has been listed as one of the partners in this endeavor, helping tenants with inventory sorting and goods sourcing.
Credit: Cookhouse
Credit: Food Market Hub

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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.

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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.