Singapore-bases startup accelerator-cum-early-stage VC fund, Accelerating Asia, has unveiled its second cohort of ten startups.
The startups hail from six countries, including Australia, Bangladesh, Malaysia, Myanmar, Indonesia and Singapore.
The new cohort features three female-led ventures, with 40 per cent of the startups having female co-founders.
These 10 startups have together raised over S$2 million (US$1.48 million) in funding already. Each of them will now receive an additional S$100,000 (US$74,000) in growth funding from Accelerating Asia’s venture arm.
“All the ventures coming into cohort 2 are catalysts for positive change, for example, Joni.ai is transforming education, delivering AI-powered platforms that are customising learning according to student needs,” Accelerating Asia Co-founder Amra Naidoo said.
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The accelerator said that it had touchpoints with over 2,000 startups and selected ten from over 200 eligible applications. Its last cohort had raised a combined amount of over US$3 million in funding.
Accelerating Asia is a partner of Enterprise Singapore’s Startup SG Accelerator programme.
The cohort’s Demo Day will take place in May 2020.
A sneak-peek at the 10 companies:
Hellotask: An app-based platform that upskills domestic workers and connects them to employment opportunities as on-demand, verified maid services to households.
iFarmer: Delivers innovative financing for agriculture and farming by enabling secure investing for individuals and institutions and ensures a return on investment by providing market access and support services for partner farmers.
IZY.ai: Uses the latest mobile and machine learning technology to deliver concierge services that customise the guest experience to elevate hotel stays, digitises hotel services and improves internal hotel productivity.
Joni.ai: An AI-powered adaptive assessment platform that personalises education and helps students to make sense of their learning data.
Moovby: A car rental marketplace or the Airbnb for cars, where travellers can rent any car they want, whenever they want it, from a vibrant community of local owners.
Nitex: Connects businesses to streamlined overseas production and standardised apparel sourcing for remote buyers by providing transparency and process optimisation.
NumuWorld: An app that enables brands to reward customers who promote their business on social media. Numu offers brands flexible promotional opportunities tailored to social media activity as well as visibility over who and when someone posts.
Priyoshop: An e-commerce platform enabling small town micro-entrepreneurs to sell a wide selection of authentic products to customers without having to invest in working capital stock and get access to affordable financing.
Recyglo: A waste management platform, which provides circular economy, zero-waste management, traceability, monitoring and analytics and recycling solutions in ASEAN.
Romoni: A one-stop destination of beauty and lifestyle needs of women and a credit facilitation platform for micro and small women entrepreneurs in Bangladesh.
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Image Credit: Accelerating Asia
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