BEENEXT 1

BEENEXT Capital Management is a venture capital firm established in 2015 and based in Singapore. It focuses on early-stage investments in technology startups, particularly in the information technology, SaaS, and fintech sectors. The firm primarily targets seed and Series A funding rounds and aims to support founders by leveraging its operational experience, extensive network, and unique insights. BEENEXT seeks to create a global platform for founders, emphasizing collaboration among entrepreneurs, particularly in South East Asia, India, and Japan. Since its inception, the firm has invested in over 180 companies worldwide, reflecting its commitment to fostering innovation and growth in the digital landscape.

Hero Choudary

Managing Partner

Hero Choudhary

Partner

Anirudh Garg

Partner

Nao Ito

Operating Partner

Yusuke Kono

Investor

Hironori Maeda

Managing Partner

Hiro Maeda

Managing Partner

Danella Rachel Muljono

Associate

Ricky Nguyen

Director, Operations and Finance

Chinh Nguyen

Investor

Yukano Nishijima

Investment Manager

Dirk van Quaquebeke

Managing Partner

Faiz Rahman

Partner

Teruhide Sato

Founder and CEO

Chinmaya Saxena

Partner, Community Strategy

Esther Yi

Investor

Past deals in Retail Technology

Procol

Series A in 2022
Procol Tech Private Limited, founded in 2018 and headquartered in New Delhi, India, specializes in developing a digital procurement platform tailored for the commodity industry. The company's software facilitates the procurement of goods through live auctions, enhancing the efficiency of supply chain management by allowing companies to track orders and streamline payments to suppliers. Procol also offers valuable market rates and commodity insights, aiming to reduce the time spent on procurement processes—typically dominated by cold calls and email follow-ups—by making transactions more transparent and traceable. This comprehensive platform is designed to foster seamless communication between buyers and sellers, ultimately driving cost savings and improved business relationships in a market characterized by significant offline spending. Backed by prominent investors, Procol is positioned to transform the procurement landscape through its innovative solutions.

ShopSe

Series A in 2022
ShopSe is a fintech platform that specializes in consumer financing, providing pay later and instant EMI services. By offering no-cost EMI options at the point of purchase, ShopSe enables consumers to access instant digital credit by assessing their real-time credit eligibility. This approach not only makes financing more accessible and transparent for consumers but also helps businesses enhance their sales by incorporating an EMI facility into their payment options.

ShoprTV

Seed Round in 2022
ShoprTV is Twitch for selling things, where anyone (creators, brands, influencers) can broadcast, build an audience and sell things over live-streams. ShoprTV exists at a unique intersection of Live-commerce, creator economy and social commerce.

Rimm

Seed Round in 2022
RIMM Sustainability provides a SaaS platform that enables companies of all sizes to optimise their sustainability management effort. It builds tools for sustainability management, reporting and optimisation.

QuickSell

Seed Round in 2021
Operator of a mobile commerce platform intended to track real-time customer insights. The company's platform creates a product catalog with inbuilt real-time customer information and a quick order booking facility and activates online sales, helping merchants to increase their conversion rate, shorten their sales cycle with a personal e-commerce strategy, and sell their products efficiently.

UnboxRobotics

Seed Round in 2021
UnboxRobotics Labs Pvt Ltd. provides automated flexible parcel sorting solutions for logistics industry. The company develops a technology platform that powers a fleet of robots that can sort, add and remove packages. Its platform also enables these robots to sort parcels by destinations. The company was founded in 2019 and is based in Pune, India.

M1xchange

Venture Round in 2021
M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a PAN India basis. Mynd Online National Exchange has been launched in April 2017, to set-up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.

ShopSe

Venture Round in 2021
ShopSe is a fintech platform that specializes in consumer financing, providing pay later and instant EMI services. By offering no-cost EMI options at the point of purchase, ShopSe enables consumers to access instant digital credit by assessing their real-time credit eligibility. This approach not only makes financing more accessible and transparent for consumers but also helps businesses enhance their sales by incorporating an EMI facility into their payment options.

Kaminashi

Series A in 2021
Developer of workplace digitization software designed to keep a track of on-site work records. The company's software digitizes the work that was done on paper and excel, such as digitizing handwritten information, tabulating it and reporting, making the working styles of non-desk workers at all sites, such as manufacturing, retail, eating, drinking and logistics, smarter, enabling organizations to automate on-site routine work and clerical work.

BharatPe

Series D in 2021
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

PhiCommerce

Series A in 2021
PhiCommerce is a developer of an omnichannel payment processing platform that focuses on facilitating digital payments. The company's platform includes a digital enablement suite that helps businesses streamline their payment processes. By offering comprehensive business plans and result-oriented strategies, PhiCommerce enables clients to achieve frictionless payments and simplified transactions. This approach not only enhances the customer experience but also supports businesses in efficiently managing their payment operations across multiple channels.

M1xchange

Venture Round in 2020
M1’s Trade Receivables Discounting System “TReDS” is an online exchange being set up under the approval of Reserve Bank of India (RBI) to facilitate discounting of invoices and Bills of exchange on a PAN India basis. Mynd Online National Exchange has been launched in April 2017, to set-up and operate TReDS under the Payment and Settlement System (PSS) Act 2007.

Procol

Seed Round in 2020
Procol Tech Private Limited, founded in 2018 and headquartered in New Delhi, India, specializes in developing a digital procurement platform tailored for the commodity industry. The company's software facilitates the procurement of goods through live auctions, enhancing the efficiency of supply chain management by allowing companies to track orders and streamline payments to suppliers. Procol also offers valuable market rates and commodity insights, aiming to reduce the time spent on procurement processes—typically dominated by cold calls and email follow-ups—by making transactions more transparent and traceable. This comprehensive platform is designed to foster seamless communication between buyers and sellers, ultimately driving cost savings and improved business relationships in a market characterized by significant offline spending. Backed by prominent investors, Procol is positioned to transform the procurement landscape through its innovative solutions.

Jendela360

Seed Round in 2020
Real Estate Tech with 360 property videos to relief price transparency, service quality, and improve experience for all trading parties.

BharatPe

Series B in 2019
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

Niqo Robotics

Seed Round in 2019
TartanSense unlocks value for the farming community by working at the intersection of robotics and AI assisted computer vision. Their solutions provides a compelling solution to reduce input costs by up to 90%.

BharatPe

Series A in 2019
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

BharatPe

Seed Round in 2018
BharatPe is a financial technology company that provides a merchant payment application aimed at facilitating digital payment services. The application allows merchants to accept payments from various apps and cards without incurring fees, thereby promoting seamless business transactions. It features interoperable unified payments interface (UPI) quick response codes, enabling businesses to receive payments efficiently and cost-effectively. In addition to payment processing, BharatPe also offers loan services to help merchants access funds whenever needed, further supporting their financial operations. This integrated approach aims to enhance the overall experience for merchants in managing their transactions and financial needs.

Ritase

Seed Round in 2018
Ritase operates a digital logistics platform in Indonesia that connects shippers with carriers for freight transportation. The platform integrates various logistics services, allowing users to track shipments in real-time. By linking with ERP systems, Ritase provides a seamless experience for both truckers and shippers. Its system offers detailed reporting capabilities, enabling clients to receive automatic periodic reports on profits derived from truck delivery services. This approach enhances efficiency in logistics operations and improves visibility throughout the shipping process.

Kaminashi

Seed Round in 2018
Developer of workplace digitization software designed to keep a track of on-site work records. The company's software digitizes the work that was done on paper and excel, such as digitizing handwritten information, tabulating it and reporting, making the working styles of non-desk workers at all sites, such as manufacturing, retail, eating, drinking and logistics, smarter, enabling organizations to automate on-site routine work and clerical work.

GruBox

Seed Round in 2018
GruBox operates India's largest online-to-offline vending machine network, enabling users to purchase food and beverages through its mobile app and collect their orders at nearby kiosks. Founded in 2016 by alumni from IIT Kanpur and ISB Hyderabad, the company offers a variety of cashless payment options, including e-wallets, credit cards, and meal cards. GruBox focuses on providing fresh food and snacks to office workers, with its vending machines strategically located in corporate offices, metro stations, and residential complexes in Gurgaon. The company aims to expand its presence to the top four metropolitan areas in India within the next year, positioning itself as a leading unmanned retail player in the country.

GruBox

Seed Round in 2017
GruBox operates India's largest online-to-offline vending machine network, enabling users to purchase food and beverages through its mobile app and collect their orders at nearby kiosks. Founded in 2016 by alumni from IIT Kanpur and ISB Hyderabad, the company offers a variety of cashless payment options, including e-wallets, credit cards, and meal cards. GruBox focuses on providing fresh food and snacks to office workers, with its vending machines strategically located in corporate offices, metro stations, and residential complexes in Gurgaon. The company aims to expand its presence to the top four metropolitan areas in India within the next year, positioning itself as a leading unmanned retail player in the country.

Bharat Bazaar

Seed Round in 2016
Bharat Bazaar is a mobile app that helps facilitate increased choice, trust and transparency between buyers and sellers, and bring in transactional ease into the fruits and vegetables wholesale supply chain.

Betaout

Seed Round in 2016
Betaout Technologies Private Limited provides ecommerce marketing software for eCommerce companies. Its Betaout platform gives users a single repository of various activities, events, intent, purchase, browsing history, social footprint, and more updated in real time. The company’s platform also helps users in customer segments, email marketing, product catalog, on-site marketing, mobile push, cart recovery, and insights. The company was incorporated in 2012 and is based in Noida, India. As of October 24, 2018, Betaout Technologies Private Limited operates as a subsidiary of Bluecore, Inc..
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