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A year ago, Sunil Mahajan, CEO of Kleeto, approached a few seed funds and venture capitalists to raise working capital for the record management solutions company. Forget funding, many of them did not even give Mahajan a patient hearing.

Kleeto faced an unusual problem — its capital requirement was very small. That made it a pariah for the investors it contacted. The investors were besotted with ecommerce startups, which required bigger capital and ergo, represented bigger ambitions and bigger markets, although they carried bigger risks. "VC funds had no appetite to invest in B-to-B profile like ours," says Mahajan.

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Ready to start expanding, the creators of smartphone app ASAPP! have launched an equity crowdfunding campaign on Seedrs to raise £110,000.
ASAPP 4ASAPP! is a free app that is available to iOS and Android devices that allows businesses to target the right people in your neighborhood or town. It uses the phone’s inbuilt GPS technology to determine the user’s location to create a virtual perimeter (or Geo Fence). These fences have a diameter of 5 meters to 5 kilometers and can be drawn from around a corner shop, a football stadium or a city center.

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RocketSkates

Acton RocketSkates are smart motorized skates that fit right over your shoes. Once they’ve been powered on, simply push off and the motors will take over to propel you forward. For accelerating, lean forward and for braking or stopping, put your heel down. This means that the rider has complete control over the motor without the hassle of a remote. With an app and Bluetooth connection, the skater can track their route and mileage as well as the progress of other Acton RocketSkaters in the area.

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Indian E-Commerce Giant Flipkart Raises Massive $1B Round

Flipkart, the largest e-commerce company in India, announced on Twitter that it has raised a massive $1 billion round. The round was led by Tiger Global Management and Naspers, with participation by GIC and existing investors Accel Partners, DST Global, ICONIQ Capital, Morgan Stanley Investment Management, and Sofina. The tweet confirms reports several days earlier in the Economic Times that company had secured that amount in funding at a reported $7 billion valuation.

In a statement, Flipkart said the “funds will be used to make long-term strategic investments in India, especially in mobile technology.”

This takes the total Flipkart has raised so far to $1.75 billion. The company, which now has 22 million registered users and makes 5 million shipments a month, last announced fundraising in May, when the company said that it had closed a $210 million round led by DST Global, with participation from Tiger Global, Naspers, and Iconiq Capital.

Flipkart will most likely use the money to ward off competition from Snapdeal and Amazon, which launched in India a year ago. It will also continue acquiring startups–it’s most recent purchase was online fashion dealer Myntra in a deal reportedly worth $300 million.

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Crowdfunding Sites Singapore and the Startup Scene In Asia, the concept of crowdfunding is still relatively new and in its early stages of development. But the crowdfunding scene in Singapore appears to have taken root and is growing fast in popularity.

With the fast growth of social media, the influence of such media has grown beyond being a mere marketing tool. In fact, this influence has also extended to business funding through the phenomenon of crowdfunding. This portmanteau takes after the original “crowdsourcing” and is used to refer to the collective effort of a large network of individuals who each contribute a small amount of capital to finance a new speculative business venture.

Tuesday, 15 July 2014 00:00

10 startups in Asia that caught our attention

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1. Tolexo | India

Launched last month, Tolexo is an online marketplace from India which aims to be the go-to place for buyers of industrial and construction goods. Tolexo already has over 50,000 stock keeping units (SKUs) in seven categories like industrial safety and engineering tools. More than 100 sellers of such things have registered with it and the list is growing fast.

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Toonimo, a startup that says it can make websites more engaging and lucrative by adding custom animations, is announcing that it has raised $2.5 million in funding.

The idea is that online visitors might appreciate having a cartoon character who can point out the important parts of a website and walk them through some of the trickier bits — and that, in turn, can lead to increased sales. For example, when you visit the Toonimo site, animated characters lead you down the page and explain the concept behind the company, in the hopes that you’ll sign up for a free trial.

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3D printing has changed the way engineers test products, allowing them to cut down on time and costs. But what about 3D printing the components that go into most of these products?

Botfactory computer engineer Carlos Ospina said that most of the people he encountered didn’t believe it was possible. But he’s proven them wrong with Squink, a portable circuit board factory that allows you to test your project in minutes in the comfort of your home — costing around $2 to print.

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On July 3, Zack Brown created a Kickstarter project to fund a $10 bowl of potato salad.

The project took off, and has now raised US $49,733 to date.

That’s right. He’s making potato salad for himself. And he just raised $$49,733.

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We have had an exciting range of international stratups and innovative entrepreneurs set up thier crowdfunding campaigns recently on fundedflow. Here is our pick of the 3 that we think will do well

1. Kenyan Wireless Networks Business - For Social Wifi Marketing

This is a fantastic idea, from entrepreneur David Kariuki who is a small internet service provider currently trying to expand his business by installing Wifi Hotspots and Access Points in various public places like bars, restaurants, hotels, apartments and shopping malls that are located in his small town in Kenya.

His campaign is off to a great start and has already raised its first USD 50.00 dollars of investment on fundedflow. Visit his campaign page below to see this success story and support the campaign! View the campaign here