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Startups, Entrepreneurs, Digital economy
Reefknot Investments to invest in start-ups in the logistics industry
SINGAPORE (Nov 11): It began as an anti-Valentine’s Day in 1990s China, celebrated on Nov 11. Written numerically as 11/11, the date even looks like “bare branches” — a local term for being single.
November 08, 2019
Startups, Entrepreneurs, Digital economy
CEO of leading AI startup SenseTime says valuation has passed US$7.5 billion
(Sept 6): SenseTime Group’s valuation surpassed US$7.5 billion this year after securing investment from backers like SoftBank Group, yet the world’s largest AI startup said it’s in no hurry to go public.
September 06, 2019
Startups, Entrepreneurs, Digital economy
Skincare app company leverages on treasure trove of data
SINGAPORE (Sept 9): Everyone wants to look good, but it is hard to find the right product for each individual’s skin type. Oftentimes, people end up with tubes and containers of products they have bought and tried but found unsuitable. This is especiall
September 06, 2019
Fintech
Fintech startup soCash raises US$6 mil in series B funding round
SINGAPORE (July 22): soCash, the Singapore-headquartered fintech startup, announced that it has raised US$6 million ($8.2 million) in its series B funding round.
July 22, 2019
Company in the news
Go-Jek snags investment from Thailand's largest lender
(July 11): Ride-hailing giant Go-Jek has secured an investment from Siam Commercial Bank, the Thai lender that counts King Maha Vajiralongkorn as its biggest shareholder, according to people familiar with the matter.
July 11, 2019
Startups, Entrepreneurs, Digital economy
This startup uses AI to detect falls among elderly who are home alone
SINGAPORE (June 28): Local entrepreneur Lim Meng Hui was working on an artificial intelligence (AI)-enabled security system to detect intruders when his grandmother fell and lay helpless. When her health deteriorated rapidly after that, he decided that de
June 28, 2019
US-China trade war
Secretive Magic Leap says ex-engineer copied headset for China
(June 18): Magic Leap Inc, a US startup that makes a headset to project digital objects onto the real world, accused one of its former engineers of stealing its technology to create his own augmented reality device for China.
June 18, 2019
Equity raising
YouTrip raises record US$25.5 mil pre-series A to expand its platform across Asean
SINGAPORE (May 16): YouTrip, Singapore’s first multi-currency mobile wallet with a prepaid Mastercard which was jointly developed by EZ-Link, has raised US$25.5 million ($34.9 million) in its latest pre-Series A fundraise.
May 16, 2019
In print this week
This startup plans to permanently integrate its offerings with Grab
SINGAPORE (May 10): If there is one thing that internet and app-oriented start-ups track closely regardless of the industry they operate in, it is the conversion rate. This metric measures how much user traffic is translated into a desired action, for ins
May 10, 2019
M&A
Avarga to acquire 23.08% stake in urban farming startup Archisen for up to $1.5 mil
SINGAPORE (June 29): Avarga, formerly known as UPP Holdings, is acquiring a 23.08% stake in Archisen for a cash consideration of up to $1.5 million in three separate traches.
June 29, 2018