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Colombian e-commerce enablement startup Melonn raises $20M to help SMBs scale in LatAm

TechCrunch

They were brought back together by the pandemic to start the e-commerce enablement company. CEO Gómez pointed out that Latin America has gone from being a laggard when it comes to e-commerce to being home to the world’s fastest-growing e-commerce market, which is estimated at over $100 billion and expected to double by 2025.

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SG edtech startup Explico to expand in SE Asia, Africa with $1.4m funding

AsiaTechDaily

billion in 2021 and is projected to grow annually by 16.5%, up to $404 billion in 2025. Explico is part of Microsoft for Startup Founders Hub, which enables them to connect to education sectors across the globe through their networking channels. “The value of the global edtech market was $106.46

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Indonesia’s eFishery Raises $200M in Series D Funding, Attains Unicorn Valuation

AsiaTechDaily

With the recent Series D funding, eFishery aims to expand its community of fish and shrimp farmers, with a target of reaching over 1 million aquaculture ponds in Indonesia by 2025. The company has also collaborated with fish and shrimp farming communities, managing a network of 12,000 farms.

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Walmart invests $200 million in Indian mobile payments giant PhonePe

TechCrunch

PhonePe, to be sure, is the clear leader in the mobile payments market on UPI, a network built by a coalition of retail banks in India. The startup doesn’t expect to turn EBIDTA positive, a key profitability metric, until calendar year 2025, KMPG wrote in its valuation report.

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Privy accelerates digital transformation with $41m KKR-led Series C funding

AsiaTechDaily

It will also support the development of new consumer and enterprise products to enable Indonesians and businesses to access a wider range of services securely and accelerate broader digital transformation. The Company also intends to expand into overseas market to further accelerate growth.

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General Atlantic invests another $100 million in PhonePe

TechCrunch

PhonePe, which completed a full separation from the e-commerce giant Flipkart last year, dominates transactions on UPI, a network built by a coalition of retail banks in India. PhonePe said it will “invest significant effort” in Pincode and in “enabling every Indian shopkeeper spread across every nook and corner, over the next few years.”

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Cybersecurity startup Ordr nabs $40M to monitor connected devices for anomalies

TechCrunch

Today, the number stands around 35 billion, and is expected to eclipse 75 billion by 2025. The challenge was the driving force behind Ordr, a startup focused on network-level device security. The challenge was the driving force behind Ordr, a startup focused on network-level device security.

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