500 Startups backs $2.55m funding in Singapore’s SEPPURE

Singapore-based chemical separation technology startup SEPPURE has announced raising $2.55 million in its seed funding round backed by Silicon Valley-based venture capital firm and accelerator 500 Startups. The funding round was led by US-based multi-stage venture fund SOSV and participated by Singapore government-owned innovation platform SGInnovate, Entrepreneur First, Belmond Capital, Koh Boon Hwee (Chairman of Nanyang Technological University (NTU) Board…

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S’pore Food Incubator Opens 6-Storey Hub In Jurong – Features R&D Labs, Coworking Spaces

Two weeks ago, the food incubator arm of sugar company Cheng Yew Heng opened a 90,000 sq ft facility in Chin Bee Drive, The Straits Times (ST) reported. The six-story Innovate360 offers research and development laboratories, a co-working area, and trading, logistics, and manufacturing amenities targeted at helping food startups in Singapore. Vice-president of Innovate360 Elias Tan said the building…

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Consumer-tech startup Atomberg raises Series A funding from A91 Partners

Atomberg Technology Pvt. Ltd, a consumer-technology company, has raised $10 million (approximately Rs 71.96 crore at current exchange rates) in its Series A funding round led by venture capital firm A91 Partners. The company will use the funds for enhancing its distribution networks across all metro and non-metro cities apart from increasing the size of its research and development team,…

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EdTech startups to pitch live and attract 50+ funding sharks at the live Edupreneur Village Challenge: The Final Battle

Getting an investor to back a venture is among the foremost issues faced by most startups in India. To make the journey easier for EdTech startups seeking equity funding and support, Delhi-based Edupreneur Village (EV), early stage Venture Capital fund, backed by Sri Aurobindo Society (SAS), launched Edupreneur Village Challenge in 2018. Now, crores of VC funding await to transform…

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How one Singaporean entrepreneur is impacting the global craft spirits market

F&B veteran Michel Lu turns his hand to distilling boutique Asian flavours under The Orientalist Spirits brand, and also aims to champion other independent distilleries in the region. Turning 50 this year has offered veteran F&B entrepreneur Michel Lu time for introspection. “A brand done properly can last a lifetime, and even outlive you,” he muses, as he shares his…

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From Sleepless in Singapore to $70 Million for Budget Hotels

Amit Saberwal went through many a sleepless night when he first began pitching the idea that became Southeast Asia’s top online budget-hotels service, RedDoorz. Few financiers paid attention back then to a middle-aged former hotel sales executive. His vision of quality $20-a-night rooms seemed impractical for a largely neglected market. And rival outfits run by younger founders, like Rocket Internet-backed…

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The startups turning their backs on hubs

Growing up in Coimbatore, Bengaluru seemed like a dream city to Dhruv Suyamprakasam, the place where every other person was an entrepreneur and the best jobs were. So, after college, he moved to India’s Silicon Valley with dreams of setting up his own healthcare startup. However, after almost 16 months, he realized that Bengaluru was not ideal for the healthcare…

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Foodtech in Singapore through the eyes of startups

Consuming food is a daily affair for every person. But with increasing global population growth, there is a huge pressing need to provide more solutions in food production. But what is Singapore working on in the area of technologies on food? To understand the state of food tech in Singapore, I speak to three Singapore food tech startup players for…

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Venture capitalist Vinod Khosla is betting big on innovation startups

Billionaire venture capitalist Vinod Khosla is betting big to invest in startups in the next 10 years that are bringing radical innovation using technology in areas such as transportation, housing and construction, and food and healthcare. Khosla, whose venture capital firm Khosla Ventures, invests in experimental technologies such as robotics and biomedicine, is of the view that technologies such as…

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Sequoia’s India arm may raise $200 mn to bolster  sixth fund

Sequoia Capital India, the local arm of storied Silicon Valley venture investor Sequoia, is raising $200 million to add to its existing fund, driven by a fast-growing market and interest from limited partners (LPs, or investors in the fund), said two people aware of the development, seeking anonymity. Sequoia, which is an investor in startups such as Oyo Rooms, Byju’s…

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