On-Demand Coffee Startup Fore Coffee Bags $8.5 Million to Become Indonesia's Key Player via Technology
East Ventures, SMDV, Pavilion Capital, Agaeti Venture Capital and Insignia Ventures Partners have made an investment worth of $8.5 million into Indonesia-based coffee startup Fore Coffee’s series A funding round. the firm will use the fresh funding to scale its business and invest in technology enhancements.
Offering services via both online and offline channels, Fore Coffee has the mission to establish as a key player who helps to strengthen Indonesia as the top high-quality coffee producer in the world. In less than four months ago, Fore Coffee also received an undisclosed amount of seed funding from East Ventures.
US Platform-as-a-Service Operator Partners Indonesia's Royal Express in a Fintech Deal to Spear Head E-Wallet
Weyland Tech, a global provider of mobile business applications, announces a strategic partnership to engage in Royal Express’ replace the cash-on-delivery facet with Weyland’s e-wallet platform. With Weyland Tech’s e-wallet, AtozPay, it will enable the deliveries to be transacted via the smartphone app eliminating cash.
The Companies are implementing a pilot program and will launch March 1st.
India’s largest chain of budget hotels has made an investment to expand to the Philippines over the next few years. The $50 million investment is part of OYO’s mission to cash in the growing technology-based tourism market in the Philippines.
The expansion is said to create more than 1,000 job opportunities in the country’s hospitality sector. OYO had started operations in the Philippines in the past few months and OYO now had a portfolio of more than 21 hotels—both franchised as well as leased—spread across Metro Manila, Tagaytay City, and Cebu City.
Just before Chinese New Year, the Chinese bike-sharing company ofo lets go 10 employees in Singapore, with an advanced notice and compensation pay. There was no reason given to explain why ofo made such a move.
The bike-sharing firm also owed at least two vendors here unpaid sums totaling more than $518,000 for logistic services. Employees here are owed thousands of dollars in unpaid transport and mobile phone claims accumulated over more than six months.
LG Electronics, Uniqlo, and Malaysian car seller Edaran Tan Chong Motor expect the Chinese New Year period to be the year’s best sales contributor in Malaysia. As with previous years, companies believe that customers are always looking for something new and fresh to start their new year.
However, The Body Shop may not see the experience as others. A representative for The Body Shop said Chinese New Year is not its largest festive season sales contributor but despite that, they continue to participate by decorating their stores and offering Chinese New Year promotions.