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Singapore based accelerator VC deepens presence in Asia
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Accelerating Asia unveiled the fourth and largest cohort of its flagship 100-day programme for pre-Series A startups.
The fourth cohort consists of eleven new high-growth startups from Singapore, Indonesia, Pakistan and Bangladesh across ten verticals.
These eleven startups have raised over S$6 million coming into the programme, bringing the total capital raised by Accelerating Asia’s startups to over S$30 million, with 70% of investment raised since joining the Accelerating Asia portfolio.
Within a month since the fourth cohort began, the startups had already increased monthly revenue by 25%, up from an average of S$45,000 when they joined Accelerating Asia to S$56,000.
Accelerating Asia Reveals New Cohort of 11 Asian Startups
April 12, 2021 @ 10:57 pm By JD Alois
Accelerating Asia has announced the fourth cohort of its flagship 100-day program for pre-Series A startups. According to a release, the 11 startups have raised over S$6 million coming into the program.
The 11 new portfolio companies cover ten verticals and include companies from Singapore, Indonesia, Pakistan, and Bangladesh. New industry verticals include property, online dating and marketing/advertising.
Amra Naidoo, co-Founder and General Partner of Accelerating Asia, stated:
“We’ve selected cohort four from 500 startups from 30 countries, a record number of applications for us that shows the demand for a Singapore based accelerator with an international footprint. With just 2 percent of startups selected, the chosen 11 will be part of our largest cohort and are eligible to receive up to S$200,000 in investment from our VC fund.”
Four Bangladeshi startups among Accelerating Asia’s 11 high-potential startups
Accelerating Asia, an international VC firm, has announced its largest accelerator cohort of 11 high-growth startups from Southeast Asia and the South Asia region. The cohort is the fourth of the firm s flagship 100-day program for pre-Series A startups. The 11 startups have raised over USD 4 million coming into the program and hail from Singapore, Indonesia, Pakistan and Bangladesh. The four Bangladeshi startups are; Amar Lab, DoctorKoi, HandyMama and SWAP.
Amar Lab is a healthcare startup that provides on-demand diagnostic services, partnering with top local and international diagnostic labs to provide end to end diagnostics test services from sample collection to testing to report delivery directly from customers premises, saving time, money and hassle for patients.
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