Singapore’s online automotive marketplace Carro on Monday announced that it has secured a series B funding of $60 million in a round led by SoftBank Ventures Korea, Insignia VenturesPartners and B Capital Group. The deal was also participated by the family office of Manik Arora (Founder of IDG Ventures India), while existing investors Venturra, Singtel Innov8,
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Funding Societies co-founders Reynold Wijaya and Kelvin Teo. Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stage venture capital unit. The round included returning investors Sequoia India, which led the Singapore-based startup’s Series A
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Singapore ORANGETEE & Tie, Singapore’s third-largest property agency by sales force, has tied up with homegrown Carousell to add the property listings and reviews of its more than 4,000 agents to the online marketplace. The collaboration comes on the heels of the launch of SoReal Prop last week, an online platform initiative led by top
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Shopaholics, it’s time to loosen your purse strings. Minimalist brand Grana is opening a pop-up store in the quaint neighbourhood of Tiong Bahru for 4 weeks starting from March 4. The pop-up store will carry its newest Spring/Summer collection as well as Grana’s best-selling classic styles in Chinese silk, Peruvian pima cotton, Japanese denim, French linen and
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Omise, the popular blockchain-oriented company, recently signed a Memorandum of understanding with ETDA. This Thai government agency will collaborate with Omise on building a national eKYC portal. It is the first venture of its kind to become available in Thailand. Both entities will focus on exchanging information, experience, and technical information. This MoU was signed by both parties in
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As tech startups turn toward the healthcare space, one particular segment of the population stands to benefit the most: the elderly. Aging population is one of Singapore’s key demographic problems – 12.4 percent of the city-state’s 5.5 million people were over 65 in 2016, up from 8.4 percent a decade before. Many of these senior citizens require
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Printerous, an Indonesia startup that is bringing the country’s printing industry into the digital era, has raised $1.4 million. The round was led by Golden Gate Ventures with participation from U.S. firm Sovereign’s Capital and Indonesian conglomerate Gunung Sewu Kencana. The two-year-old company is using the internet to make traditional printing more efficient and convenient. Printerous started
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Runaway start-up successes such as Alibaba and Uber have prompted big dreams from Silicon Valley to Beijing. But before quitting your day jobs, checkout this list of common mistakes below. Golden Gate Ventures, an early-stage venture capital firm that invests in Southeast Asian startups, partnered with INSEAD business school to issue a report outlining some of the
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