Golden Gate Ventures | Venture Capital for Southeast Asia

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Hong Kong’s DateTix swoons for Thailand mobile dating app

The deal is worth about US$212,000 in stock considerations and will allow Noonswoon to continue Thailand operations Hong Kong’s DateTix, an ASX-listed mobile dating app, has acquired a Thailand competitor named Noonswoon in a deal worth about US$212,000 in stock considerations. DateTix will be buying Noonswoon for 700,000 shares of its stock to be escrowed for

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SOUTHEAST ASIA OFFERS BIG EXITS (Just Not Through IPOs)

In the United States, the ideal exit for technology companies is immortalized in one iconic image: a CEO ringing the bell on the floor of the NASDAQ on the day of the company’s IPO. With the explosion of startup cultures in China and India, that image has gone international, though with a slight change of scene to Shanghai, Mumbai,

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How Southeast Asia’s VC scene stacks up to China’s VC scene

Some VC firms have a global presence. But startup investment tends to be a very local activity. Gobi Partners’ Kay-Mok Ku, Convergence Ventures’ Adrian Li and Golden Gate Ventures’ Jeffrey Paine talked about what it’s like to invest in Southeast Asia at theTechCrunch Beijing conference. While these three firms don’t have the exact same geographic

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Omise introduces new conversational commerce feature

Omise, Southeast Asia’s leader in online payment processing and risk management, on Monday announced the immediate availability of a new feature, Links, which gives businesses engaging in conversational commerce through social media platforms or messaging apps a more convenient way to request and accept online payments.   Jun Hasegawa, chief executive officer of Omise, said

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PowerCore: The Toys-To-Life Startup Picking Up Where Disney Fell Short

The gaming market has swelled to become a $100 billion business globally, with the vast majority of market revenue generated through social platforms and mobile apps. In just 90 days, Pokémon Go amassed a record-breaking $600 million dollars, spending months atop the list of highest-grossing apps for both iOS and Android. The addictive social phenomenon saw

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Classifieds app Carousell exploring premium listings, services to bring in revenue

Carousell, the addictive Singaporean classifieds app, is looking at new ways to monetize its platform, which should be good news for its dedicated users. Carousell, which is similar to global sales platforms Craigslist and Gumtree, has not yet monetized its platform, but Quek Siu Rui, one of the app’s three co-founders and its CEO, says

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Alibaba-backed Lazada acquires Singapore grocer RedMart

E-commerce firm Lazada, which is backed by Chinese giant Alibaba Group Holding, has acquired Singapore’s online grocer RedMart for an undisclosed sum. Lazada, which is headquartered in Singapore and has operations across Southeast Asia, said the transaction will be completed in the fourth quarter. RedMart is backed by backed by Facebook billionaire co-founder Eduardo Saverin

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Carousell acquires car classifieds platform Caarly

SINGAPORE: Mobile marketplace Carousell on Thursday (Oct 27) announced its move into the car classifieds market with its acquisition of Caarly, an online platform where car dealers and individual sellers market used cars. The acquisition – at an undisclosed sum – will see all listings on Caarly included in the Carousell marketplace. Existing Caarly partners

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