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…

Singapore-based HR tech startup StaffAny raises $722k in seed funding

StaffAny, a Singapore-based startup which offers a workforce management solution for companies with hourly workers, said it has raised S$1 million (about US$722,000) in a seed round led by Japanese marketing tech company FreakOut Holdings and angel investors. The startup’s angel investors include HR tech entrepreneur Kenji Niwa, as well as the founders of live-chat software firm Zopim; Lim Qing…

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…

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…

Why are Health and Wellness Startups Flourishing?

The health and wellness industry is experiencing exponential growth. These have become mainstream, and the proliferating startups in these sectors are a testimony. Till last year, there were 4892 startups in the health tech space and raised $504 million between 2014-2018. Same is true for the wellness industry as well, which has been growing at a CAGR of nearly 12per…

Tencent bets big on Indian tech startups amid China slowdown

Chinese internet giant Tencent Holdings, best known for its WeChat messenger app, is looking to increase its bets on Indian technology companies, at a time when its home market is seeing a slowdown in venture capital investments. Tencent, which counts some of India’s largest startups including Flipkart, Ola, Swiggy and Byju’s Classes among its portfolio firms, made four fresh investments…

PharmEasy is closing in on $120m in equity round

Online pharmacy venture PharmEasy is close to wrapping up a $100-120 million equity financing round, led by a host of new investors including CDPQ, the second-largest Canadian pension fund, and LGT, the private banking and asset management group controlled by the Liechtenstein princely family. The transaction, which is expected to close by the end of the month, will value the…

The mind, heart and soul of entrepreneurship

The thought of starting your own small business can be a little scary, if not downright intimidating. Still, there are many great reasons for you to give it a go. It is now “easier” than ever before to start and run a business. Whether you are bootstrapping or have venture capital, it is now arguably riskier to depend on your…

5 ROI-Backed Reasons Your Startup Should Take Its Search for Talent Overseas

The internet has completely changed the way we conduct business -- including the way startup founders hire employees: A study reported by CNBC found that worldwide, 70 percent of all business professionals surveyed said they work remotely at least once a week. Fifty-thee percent said they spend at least half the week telecommuting. These numbers far outpace the telecommuting market…

India’s payments firm MobiKwik kick-starts its international ambitions with cross-border mobile top-ups

MobiKwik, a mobile wallet app in India that has expanded to add several financial services in recent years, said today it plans to enter international markets as it approaches profitability with the local operation. The company is kick-starting its overseas ambitions with cross-border mobile top-ups support. The 10-year-old firm said it has partnered with DT One, a Singapore-headquartered payments network,…

1 2 3 4