Masii will use the capital proceedings to accelerate its growth and scale up new verticals.
The Indonesian logistic startup is also planning for its Series B funding which is slated in the next six months.
After the merger, RedCap Pharmacy will be rebranded into BIG Pharmacy.
The Israeli startup develops clean meat which are produced using growing cells painlessly extracted from a chicken.
Allianz has entered into an agreement with Sri Lanka’s Janashakthi Insurance Co. PLC to acquire its subsidiary Janashakthi General Insurance Ltd.
The funding scheme is expected to encourage young companies and scale up more quality startups.