Paytm Close To Landing $2 Billion New Financing

India's mega fintech Paytm is close to bagging $2 billion of new financing from well-known investors, enough to fend off an influx of new rivals, according to people familiar with the matter. Jack Ma's Ant Financial, Japan's SoftBank Group Corp and Rob Citrone's Discovery Capital Management are in Paytm's latest financing round, boosting the cash horde of the Indian mega…

Singapore overtakes the US to become world’s most competitive country

Singapore has overtaken the U.S. to become the most competitive nation in the world, according to the World Economic Forum (WEF). In its 2019 Global Competitiveness Report, the WEF measured the strength of 103 key indicators, such as inflation, digital skills and trade tariffs, across 141 countries. The key indicators in the report were organized into 12 pillars, which included…

65% of all startup funding in SEA goes to Singapore: 2019 Google report

South-east Asia’s (SEA) internet economy is now worth US$100 billion, and will triple to US$300 billion by 2025, an annual report on the region’s digital economy has found. Of this, US$12 billion was from Singapore – slightly over 10 per cent of the regional total. Jointly published by Google, Temasek, and Bain & Company, the report – released on Thursday…

Udaan soars higher, raises $585 million in fresh funds

Udaan, the fastest Indian startup to achieve unicorn status, has raised $585 million in its latest round of funding, valuing the online business-to-business marketplace at $2.5-3 billion. The Series D round saw investments from Tencent, Altimeter Capital, Footpath Ventures, Hillhouse, GGV Capital and Citi Ventures, the firm said on Wednesday. Existing investors Lightspeed Venture Partners and DST Global also invested…

Ex-Lazada exec’s co-living startup Cove banks $2m in seed funding

Singapore-based co-living startup Cove has raised over US$2 million in a seed round led by Venturra, Yuj Ventures, Investigate, and Picus Capital. Local venture capital firms Aetius Capital and Found Ventures also participated in the round alongside some strategic angel investors. Cove was founded by Guillaume Castagne, formerly vice president of marketing for Lazada, along with Sophie Jokelson and Luca…

500 Startups partners ESG to support startups in Singapore, San Francisco

US venture firm 500 Startups and Enterprise Singapore (ESG) have entered a two-way partnership to nurture the growth of startups in Singapore and San Francisco, ESG announced in a press release on Tuesday. 500 Startups is the latest partner to join ESG's Global Innovation Alliance (GIA), a network of Singapore and overseas partners in major innovation hubs abroad. GIA is…

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…

Work Life Ventures raises $5M for debut enterprise SaaS seed fund

Brianne Kimmel had no trouble transitioning from angel investor to general partner. Initially setting out to garner $3 million in capital commitments, Kimmel, in just two weeks’ time, closed on $5 million for her debut venture capital fund Work Life Ventures. The enterprise SaaS-focused vehicle boasts an impressive roster of limited partners, too, including the likes of Zoom chief executive…

Vietnam startups gain on Indonesia and Singapore with new funding

Vietnam's startup sector is growing at a rapid clip despite the global economic slump, as it closes the gap with regional leaders Indonesia and Singapore. According to joint research by Ho Chi Minh City-based venture capital ESP Capital and Singapore's Cento Ventures, startup investment in Vietnam hit $246 million this year through June on 56 deals. Investment is expected to…

Singapore healthtech startups attract US$105m in 2018

HEALTHTECH startups in Singapore attracted US$105 million across 21 deals in 2018, according to a report published by healthtech researcher Galen Growth Asia in collaboration with Singapore's Economic Development Board. Singapore's deal value made up 24 per cent of total deal value in Asia excluding China and India. China took home the crown for having attracted the most funding, amounting…

1 2 3