Home Asian News Summary: Beenext invests in Unbox Robotics of India; AfterShip raised US...

Summary: Beenext invests in Unbox Robotics of India; AfterShip raised US $ 66 million


Unboxing the bags Robotics Grant $ 1.2 million prior to Series A

The investors: Beenext, Karthik Bhat (Founder of Ubiquity), WEH Ventures, and Redstart Labs joined this round along with current backers Arali Ventures, SOSV (and HAX accelerators) and Entrepreneur First.

Introducing Unbox Robotics: Unbox Robotics offers “software-defined” robotics solutions that help logistics service providers automate and improve their on-demand operations. The India-based company plans to use the new funds to help reach new customers and grow its platform.

Also read: Teleoperation: It’s here to revolutionize the logistics and supply chain industry

“Currently, we are working closely with six e-commerce and logistics businesses in India, Southeast Asia, and the US to roll out our solutions over the next 12 months and achieve sales figures. seven numbers, ”said Pramod Ghadge, CEO of Unbox Robotics.

AfterShip raised $ 66 million in a Series B sponsorship led by Tiger Global

The investors: Hillhouse Capital’s venture venture subsidiary GL Ventures joined Tiger Global in the fundraising campaign.

About AfterShip: The Hong Kong-based company offers a suite of automation tools to help businesses sell, market, manage orders, and track shipments. AfterShip said it will shift new capital sources to expand its team, develop new e-commerce products and continue to expand into the US market.

Currencycloud establishes APAC headquarters in Singapore

Story: Located in downtown Raffles Quay, the new office will serve as a hub for the expansion of London-based fintech across the wider region. Currencycloud also plans to hire a “double digit” number of employees by the end of 2021 and is applying for a license with the Monetary Authority of Singapore (MAS).

Introduction to Currencycloud: The company provides cross-border embedded B2B solutions and is currently working with fintech companies including NIUM and Wallex. Currencycloud claims it processes more than $ 3 billion in international payments per month.

 

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