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Ninja Van , a Singapore-based logistics startup, has closed a $578 million Series E round to support its operations infrastructure and technology systems growth. Founded in 2014, the company operates its business across Singapore, Malaysia, Indonesia, Thailand, Vietnam, and the Philippines. It currently employs more than 61,000 staff.
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.
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.”
The next-gen scooter will come with an updated version of Beam’s safety platform, dubbed Micromobility Augmented Riding Safety (MARS), that helps protect pedestrians and enhance local governments’ control over where e-vehicles can park or ride, says Jiang. . Singapore’s micromobility startup Beam raises $26 million.
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. Additionally, we’re seeing local employers interested in hiring both tech talent locally and also remote hiring as well.
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. Each country also has different workflows.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. For example, should they hire in-market consultants, an expatriate based in a hub city, or partner with a local player? Hire the right people – local and entrepreneurial. You also need true local expertise. Be ‘local’ but don’t overdo it.
Wavemaker Partners doesn’t just want to invest in climate tech and sustainability startups. Today, the Singapore-based firm announced the launch of Wavemaker Impact , a venture builder that identifies potential business opportunities, finds seasoned entrepreneurs to turn those ideas into startups and acts like a co-founder as companies scale.
The tech boom in Southeast Asia isn’t just seeding a wave of new entrepreneurs building the next generation of unicorns, it’s also ushering young talent into the roles of first-time managers. Currently, its content looks more general, serving the emerging manager in tech, not the first-time manager handling a fintech startup during a pivot.
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. The first half of Series A was announced in January 2022.
Tech layoffs have hit almost every region in the world , and Southeast Asia is no exception , with companies like Sea , Crypto.com and JD.ID I think what we have seen is that there has been a lot of capital being pumped into the tech industry over the past two to three years in a major bull run. among those affected.
HealthifyMe is the first Indian health tech startup LeapFrog has invested in, and Khosla Ventures’ largest investment in India to date. HealthifyMe’s products include HealthifySmart, which uses AI-based tech to customize diet plans for users, and HealtifyCoach, which includes live conversations with coaches.
Everyone wants to invest in the next big tech mafia. Loizos also profiled Lux Capital’s Deena Shakir, who sees space and frontier tech going mainstream right now. Why Singapore might become Asia’s Silicon Valley. In this Extra Crunch story, Catherine Shu argues that Singapore might become Asia’s next Silicon Valley.
is a venture capitalist investing in Silicon Valley and Singapore. You might have started searching for a tech-oriented co-founder to help you launch your idea, only to find that your startup can’t afford the ongoing salary for a skilled software developer. Eddy Lee, Ph.D, Step 1: Test your demand.
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.
Although, local firms like GGV Capital and GSR Ventures will likely want to see significant traction in China before offering up their funds. However, if you can set your expectations accordingly and get a well-connected local investor, they can open up many doors in this traditionally inward-looking and massive market.
On Apriil 29 Microsoft and TechSoup held an NGO Connection Day at the Microsoft office in Singapore. TechSoup's partner NGO, the Hong Kong Council of Social Services , attended as well, giving local attendees a personal insight on how TechSoup's global network enables capacity and community building around the world.
It’s the brainchild of an Irish tech entrepreneur, Peter Conlon. I know Terry because he was UBS’ point guy on philanthropy in Singapore and Asia before joining ammado. The challenge around something like this is critical mass, and the ammado team seems to be aiming very high in terms of execution.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. 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. This is the final part of a four-part series.
” The initial markets will be in Mexico, Costa Rica, Peru, South Africa, Kenya, Uganda and Vietnam, where Apeel’s tech will treat avocados, pineapples, asparagus and citrus fruits like lemons, limes and oranges. Preventing food waste nets Apeel $250 million from Singapore’s government, Oprah and Katy Perry.
The Series E was led by Insight Partners , the venture capital firm known for its ScaleUp program to help tech companies accelerate their growth. Employment Hero began entering new markets in October 2020, launching localized versions of the platform in New Zealand, the United Kingdom, Malaysia and Singapore.
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 It connects retailers to local and multinational distributors of consumer brands, like Unilever, Nestlé, Procter & Gamble, Dangote, and PZ.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. While Asia has long been known for its cheap engineering resources and the off-shoring tech phenomenon that took place over a decade ago, the cost gap has narrowed — and even more significantly, so has the quality gap. My simple answer is: absolutely.
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. The startup has secured $4.2
Satellite Party — Singapore: The Gateway to Asia-Pacific. Sponsored by: Singapore Global Network. Description: Glean a better understanding of the tech ecosystem in Singapore and Asia-Pacific. Live Career Fair: Climate Tech. Enjoy drinks and hors d’oeuvres while chatting with our experts. Date/Time: Oct.
Founded in Singapore and Manila by Robertz, fellow Zalora alumni Jannis Dargel and former Grab lead product manager of maps Shrey Jain, Locad announced today it has raised $11 million in Series A funding led by Reefknot Investments , a joint venture between Temasek and logistics company Kuehne + Nagel. That is what Locad’s tech enables.
Simon Black, PPRO’s CEO, said in an interview that two particular areas of focus in the coming year will be more activity in Asian countries like Singapore and Indonesia, as well as Latin America, where the company acquired a local player, allpago , back in 2019.
Singapore-based Skuad helps companies hire employees in different countries while staying compliant with local employment regulations and processing cross-border payroll. Most of its customers are from the tech and consulting industries that employ digital workers in different geographies to fill a talent gap or scale internationally.
Businesses, and the tech platforms that support their operations, had to adapt quickly to the pandemic. 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.
The capital will also be used to develop tech products for the online travel agencies (OTAs) and merchants who provide activities and services on KKday’s platform. KKday also anticipates more activity in markets like Korea and Singapore where international travel is resuming. million travelers.
So don't be nervous — we're ready to create amazing tech training and networking events in your community! This roundup of face-to-face nonprofit tech events includes meetups from NetSquared , NTEN's Tech Clubs , and HandsOn Tech. Singapore, Singapore: DataDive. Upcoming Tech4Good Events.
The round also included participation from returning backers food tech venture firm AgFunder and Decacorn Capital, and new investor Anthill Ventures. Ai Palette is based in Singapore, with an engineering hub in Bangalore. The present and future of food tech investment opportunity. Both will join Ai Palette’s board.
Igloo , a Singapore-based insurtech focused on underserved communities in Southeast Asia, announced it has raised a Series B extension of $27 million, bringing the round’s total to $46 million. Igloo currently works with 20 global, regional and local insurers across Southeast Asia.
Thomas Clayton has started and run numerous high-tech startups in Silicon Valley. They become so entrenched in their local markets, that it is difficult to grow outside of them. Typically, folks are either very local and not so scrappy or are very Western and entrepreneurial, but not very entrenched in the local markets.
It counts SoftBank Vision Fund, Tiger Global, Carlyle Group, Steadview Capital, Singapore’s GIC and the UK’s Baillie Gifford among its backers. Delhivery is among a handful of Indian tech startups that has listed in the past one and a half years. All other startups are trading well below their IPO prices as well.
Wapi Pay , a Kenyan startup with offices in China and Singapore, is carrying out this play and has carved a market for itself by facilitating payments between both extreme remittance worlds of Africa and Asia. Africa to Asia is a large trading corridor overlooked and underserved by tech today.
As for where, Volocopter has conducted flight tests in Singapore, Helsinki, Dubai, and its headquarters in Bruchsal, Germany — so most likely in one of those cities. But instead of facilitating high-volume air travel between cities like an airport, Volocopter wants to focus on local point-to-point travel.
Singapore-headquartered startup Plugo has secured $9 million in a Series A funding round. The Singapore-based startup with offices in Indonesia and South Korea intends to launch its service officially in Indonesia in the first quarter of next year. Bang founded Plugo two months ago with five founding members.
ThoughtFull’s main operating markets are Singapore and Malaysia, but it now has users in 43 countries. Low said ThoughtFull works closely with local healthcare systems to ensure that its services are tailored to each market. Mental health startups are raising spirits and venture capital.
While local retail apps such as Bamboo and Chaka offer U.S. In addition to spending more than a decade at Goldman Sachs, he ran various consulting and tech jobs for firms in financial services and capital markets. or a boutique firm out in Singapore, they have access to this platform to touch each of these exchanges.”.
I had a strong personal network and brand in the Hong Kong region, and I had no trouble finding local entrepreneurs who wanted to pitch Fresco Capital for funding. My partner and I spent time in cities like San Francisco, Austin, and New York, as well as London, Beijing, and Singapore. Then I hit the road.
Speaking of BNPL, tech giant Apple is apparently moving forward with its plans to offer its own buy now, pay later service and according to Bloomberg , “laying out rules for how it will approve transactions.” Ho is QED’s first employee in Singapore.
Don't worry, there are NetSquared groups in 75 cities who are dedicated to holding events for their local nonprofit technology communities. This roundup of face-to-face nonprofit tech events includes meetups from NetSquared , NTEN's Tech Clubs , and HandsOn Tech. San Francisco, California: LGBT in Tech.
Finding True Love in Tech Partnerships: The Dos and Don’ts , with Mambu. Tech Driven Biology and Chemistry: Solving Science’s Hardest Problems at Scale , with Amazon Web Services. Why African Tech Needs Venture Studios , with Fast Forward Venture Studio. Trust as the New Currency in Tech , with Egon Zehnder. 11:00 a.m. –
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