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Eat Just will start offering lab-grown chicken meat in Singapore after gaining regulatory approval from the Singapore Food Agency (SFA). While there are plenty of other companies working on lab-grown meats using various techniques, Eat Just describes the Singapore government’s review and regulatory approval as a “world first.”
Long established as a global financial center, Singapore also looks set to become the “Silicon Valley of Asia.” But having a diverse cluster of big tech companies helps the ecosystem by providing more resources, including mentorship and early funding opportunities, say Singapore-based investors.
Mental wellness startup MindFi operates throughout APAC, but wants to deliver “culturally competent” care in each of its markets. Today the Singapore-based company announced it has closed an oversubscribed $2 million seed round, with participation from returning investors M Venture Partners and Global Founders Capital.
Volopay , a Singapore-based fintech startup, raised a $29 million Series A in debt and equity financing as it seeks to further expand its footprint in Asia-Pacific, the Middle East and North Africa. . In addition, Volopay will hire aggressively in each of its new markets. . To date, Volopay has raised approximately $31.4
Una Brands , a Singapore-based e-commerce aggregator, has partnered with South Korean peer KlickBrands to expand its footprint in South Korea. . The e-commerce market of South Korea is expected to increase up to $250 billion by 2025. Una, which has acquired more than 20 brands to date, aims to expand its global presence.
Glints’ platform currently has three million professionals in five markets (Indonesia, Vietnam, Singapore, Malaysia and Taiwan), and 50,000 companies that are seeking workers, including AIA, IKEA, GetGo, KKday and Gameloft. Founded in 2013, the Singapore-based startup says its annual revenue and gross profits grew 2.5x
Potential PS5 buyers in Europe, the UK, Australia and more will now need to fork over up to 100 more AUD, EUR and other local currencies for a console. " The company last raised PS5 prices across these markets in 2022. Only the PS5 Digital Edition's cost changes in Europe and the UK.
Luckin Coffee plans to bring its beverage brand to the Malaysian market with a local partner as the Chinese coffee chain expands beyond Singapore, its first foreign location. As of March 31 this year, Luckin Coffee, founded in 2017, has 18,590 stores globally, of which 32 are in Singapore and the rest in China. [
My first post in this series described how businesses should start when considering expansion into Asia, which is home to some of the largest and fastest growing markets in the world. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player?
Peeba says the lack of B2B-focused online wholesale solutions and tech infrastructure hampered Asia’s antiquated B2B retail, wholesale market in business growth and new market entries during the pandemic. Lai said its localization effort isn’t just focused on supporting multiple languages.
Based in Singapore, it is currently active there and in Indonesia, and plans to roll out in other Southeast Asian markets after localizing for employment regulations. In terms of competition, Chan said he sees two categories: local payroll software and imported software from overseas.
Rahul Varshneya is the co-founder of Arkenea , a company committed to helping entrepreneurs and businesses build, market and monetize their mobile apps. Many ventures exist which essentially do the same thing, but with localization. For example, SnapDeal is a Groupon clone in India with localized content and features.
Shares of Delhivery hit an all-time low of 317 Indian rupees ($3.88) Wednesday, cutting its market cap to $2.8 At the current share price, Delhivery’s market cap has shrunk to $2.8 It counts SoftBank Vision Fund, Tiger Global, Carlyle Group, Steadview Capital, Singapore’s GIC and the UK’s Baillie Gifford among its backers.
Find your local #nptech tribe by joining a NetSquared Local group. New York, NY: Tumblr: The Marketing Powerhouse Your Nonprofit May Be Overlooking. Singapore: UP Singapore ‘Smart Cities Hackathon’ - 19th–21st July 2013. Don’t have a local NetSquared Local group?
But what are the locals excited about on the ground? However, one said: “The ecosystem still lacks local funding for the late Series A and beyond rounds.”. I think local tech investors are taking more risks and becoming global scene players. Moreover, the local investor community is quite dynamic. Rokas Tamoši?
The final piece of my four-part guide to expanding a business into Asia is tailored more towards local startups and a big issue that affects many of them: raising funding from investors. If your business is based in Asia, despite a potentially tougher hill to climb, you’re still much more likely to be successful raising funds locally.
Mental health startup Intellect ’s ambitious goal is to be available across the Asia-Pacific, but ensure localized, culturally-competent care in each of the many markets it serves. For example, Singapore, Hong Kong, Japan, Australia and New Zealand are all core markets. Intellect’s platform has two components.
African capital markets exist in silos, as various exchanges within the continent are often inaccessible to investors outside their home countries. Per reports , major regional exchanges in Africa have raised over $80 billion in equity capital markets and $240 billion in debt capital markets.
is a venture capitalist investing in Silicon Valley and Singapore. It may surprise you to learn that the technology itself takes a back seat to market demand. Some examples include: Organize a localmarket research campaign (best for services that involve connecting businesses with customers). Eddy Lee, Ph.D,
In terms of localizing monday.com for the Australian market, Swan said it is prioritizing sectors that are especially relevant in the country, including retail, marketing, project and portfolio management, FSI and manufacturing. It also has local channel partners like Work Perfect and Upstream.
Early investors include the Baobab Network, an Africa-focused accelerator based in London, and Signal Hill, a Singapore-based fund manager that participated in its $5.5 The founder says Ibadan was the ideal market to establish its headquarters because informal retailers in the region experience these challenges more than those in Lagos.
Founded in Singapore and based in Los Angeles and South Korea, Summer International announced today it has raised a $5 million seed round from investors including GDP Ventures, Teja Ventures, Gushcloud International and Singaporean angel investors Koh Boon Hwee and Shirley Crystal Tan.
The app also has an AI-based nutritionist called Ria that is trained for cuisines in different markets through a combination of user-tracked data, guidance from local nutritionists and databases from sources like the United States Department of Agriculture. We begin by building a food database with local foods. Today in the U.S.,
Now Singapore-based Syfe is announcing that it has closed a $30 million Series B, only nine months after its Series A. Singapore-based Syfe, a robo-advisor with a human touch, raises $18.6 It has plans to announce a second market soon. Most of my career has been within Hong Kong, Singapore and parts of India.
The Singapore-based startup announced today it has raised $6.6 The new funding will be used to grow its customer base in Singapore, Vietnam and Indonesia, and expand into new markets in Southeast Asia, like Malaysia, the Philippines and Thailand. million in pre-Series B funding, led by Headline Asia.
Asia has proven to be an instrumental market for businesses to break into, and as the CEO of a successful Singapore-based startup, I get asked a lot of questions from fellow CEOs and entrepreneurs about doing business here and how to grow their companies across Asia. Prioritize the markets. Laser focus.
The rise in open banking and payment services like India’s UPI and Singapore’s PayNow means lower costs for businesses, as well as new payment options for hundreds of millions of customers in emerging markets who don’t own credit cards. million in Series A funding led by Sequoia Capital Southeast Asia.
In the first real test of the potentially transformative power of its food-preserving technology, Santa Barbara, California-based Apeel Sciences is bringing its innovative food treatment and supply chain management services to distribution centers in select markets in Asia, Africa and Latin America.
It is currently used by over 10,000 merchants in Singapore and Malaysia, with plans to expand into more Southeast Asian markets, including Thailand, Indonesia and the Philippines. But in each country we launch in, that will look very different, so we will look at local payment methods in every country.
Founded in Sydney in 2014, the company is now expanding into Southeast Asian and Western European markets. Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore.
Pivot Market (Miami, Florida) — Pivot Market is a B2B marketplace where consumer brands gain immediate distribution in physical stores. Nalagenetics (Singapore City, Singapore) — Nalagenetics designs and develops preemptive genetic tests for developing markets.
The Singapore-based edtech platform announced today that it has raised $7.5 The funding will be used to start scaling Creative Galileo across Southeast Asia, hiring for local teams in Indonesia and Vietnam, its next markets. Creative Galileo keeps children hooked by adding in their favorite cartoon characters.
We plan to use the new funding to double down on expanding our footprint in key markets, including Taiwan, Japan, Hong Kong, Korea and Asia,” founder and CEO Ming Chen told TechCrunch. “In During the pandemic, KKday’s main growth driver was domestic travel in markets like Japan, Hong Kong, Korea, Taiwan and Southeast Asia.
While JustKitchen launched operations last year in Taiwan, it is incorporated in Canada, with plans to expand into Hong Kong, Singapore, the Philippines and the United States. We felt there really was a need to get going as quickly as we could and really get out into the market.”. and the Frankfurt Stock Exchange in Germany.
There still exists a tech talent crunch, even in Singapore, where most layoffs and hiring freezes have happened because it’s regional headquarters for many international businesses and a startup hub. Teams that have been hit hardest include operations, financial and human resource departments, plus some sales and marketing teams.
The capital will be used for expansion and growth in markets including New Zealand, Southeast Asia and the United Kingdom. Employment Hero doubled the number of its full-time employees to 200 last year, and launched versions in New Zealand, the UK, Malaysia and Singapore. Virtual HQs race to win over a remote-work-fatigued market.
PPRO (pronounced “P-pro”, as in payments professionals) plans to use the funding to continue expanding in newer markets. In both cases, the opportunity comes in the form of high growth stemming from more transactions moving online, as well as the chaos that is the fragmented payments market. Unit raises $18.6M
Despite dealing with the pandemic’s impact in all of its markets, including Hong Kong and Malaysia, the company began to see business improve during the second quarter of this year. Taiwan startup FunNow gets $5M Series A to help locals in Asian cities find last-minute things to do. Image Credits: FunNow. “We
Brick wants to simplify the process with a suite of APIs that connects financial apps to “hyper-local” sources of data, including banks, mobile wallets and telecoms. The Philippines was chosen as one of Brick’s next markets because of “the development in open banking,” Tan said.
The company, now Singapore-based but shifting to the Bay Area, touted the investment as making it “the first B2B payments unicorn from Southeast Asia.”. In June, Nium acquired virtual card issuance company Ixaris , and in July acquired Wirecard Forex India to expose it to India’s market.
Based in Singapore, Xfers will serve as the B2B and Southeast Asia arm of Fazz Financial Group, while Payfazz, which already uses Xfers’ payments infrastructure, will continue expanding in Indonesia. In 2020, Xfers obtained a Major Payment Institution license for e-money issuance from the Monetary Authority of Singapore.
Paytm has raised $1.104 billion in India’s largest-ever anchor round as part of its initial public offering, which is also shaping up to be the nation’s largest, as the poster child of the Indian startup ecosystem moves closer to listing in the public markets. to $28.85). In Q2, the startup’s losses surged to $50.9
Many local entrepreneurs complain about the local talent here in Singapore , but honestly what did they expect? Don’t focus on any one market, but instead on the over 4 billion people across all of Asia. Cast a wide net. When you begin recruiting folks, look far and wide — well beyond your country and even region.
The Singapore-based startup announced it has raised $18 million in Series A financing co-led by Accel and Quona Capital, with participation from Elevation Capital and Jump Capital. Founded in 2021 by Arindam Roy, Rajath KM and Kartik Mishra, Pillow is focused on emerging markets like Africa and Southeast Asia.
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