Technology giant MTN's revenue saw double-digit growth to reach $2.8 billion in Q1 2022
The most important technology news and top venture deals across emerging markets, with charts that illustrate the stories.
Thailand's agri-tech startup Freshket raises $23.5 million in Series B
Freshket, [https://www.freshket.co/] a Thailand-based agri-tech startup has
raised $23.5 million in its Series B funding round led by PPT Oil and Retail
Business Public Company Limited (OR).
* The funds will help the firm to strengthen its supply chain technology,
improve its operational efficiency, and expand in
Southeast Asian fintech Xendit raises $300 million
Xendit, [https://www.xendit.co/en/] a payment infrastructure company based in
Southeast Asia has raised $300 million in its new funding round bringing it to
$538 million raised so far.
* Part of the funds will be used to expand into new markets in Thailand,
Malaysia and Vietnam, the company
Indian D2C food brand MasterChow raises $1.2 million in funding
MasterChow, [https://masterchow.in/] a direct-to-consumer (D2C) food brand based
in India has raised $1.2 million in its new funding round led by Anicut Capital,
an alternative assets-focused firm in India.
* The funds will be used to scale its product categories, introduce new
flavours and enter the ready-to-eat market.
Indian eyewear company Neso Brands raises $100 million
Neso Brands, an arm of Lenskart [https://www.lenskart.com/] based in India has
raised $100 million in its seed funding round led by KKR, Softbank, Alpha Wave
Global and Temasek.
* The funds will help Neso Brands to enter into international markets by
partnering with eyewear brands globally and optimizing
Japan's mobile games revenue declined for the third consecutive quarter in Q1 2022
Only the U.S. tops global player spending in the mobile games market.
Indian fintech startup BharatX raises $4.5 million in funding
BharatX, [https://bharatx.tech/] a fintech startup based in India has raised
$4.5 million in new funding round from Y Combinator, Silicon Valley-based
accelerator, 8i Ventures, Multiply Ventures, Soma Capital, and angel investors.
* The startup claims the funds will be used to increase its team and develop
its products.
Indian food delivery company Swiggy acquires Dineout for $200 million
Swiggy, [https://www.swiggy.com/] a food delivery company based in India has
acquired Dineout, [https://www.dineout.co.in/] a tech-operated restaurant for
$200 million.
* The acquisition is helping Swiggy, an online delivery company focus on
dine-in restaurant services in India.
* Launched in 2012, Dineout is an eat-out restaurant
Indonesian SaaS firm Mekari secures $50 million in funding
Mekari, [https://mekari.com/] an Indonesia-based software-as-a-service (SaaS)
firm has secured $50 million in its Series E funding round led by Money Forward
with participation from other companies and existing investors.
* The firm last raised $18 million in its Series D round led by Money Forward
with participation from EV
Indian market lending startup Vivriti Capital raises $30 million
Vivriti Capital, [https://www.vivriticapital.com/] an India-based mid-market
lending startup has raised $30 million from TVS Capital's arm, TVS Shriram
Growth Fund 3, a private equity fund.
* The funding comes as the startup's Series C round extension where it had
earlier raised $55 million from Lightrock and Creation Investments.