December 3rd, 2018Singapore ride-hailing company Grab is in advanced talks to invest $100 million (Rs 697.7 crore) in OYO Hotels & Homes as part of the Indian hospitality chain’s ongoing $1 billion funding round.
Grab is expected to close the deal over the next few days, according to two people briefed on the matter. Grab and OYO, both of...
November 22nd, 2018Singapore based cross border fintech startup Instarem has reportedly raised an amount of over $20 million in Series C funding round. This round was led by the VC arm of Indonesian telecom operator Telkom, MDI Ventures and the fund belonging to Thai bank Kasikorn, Beacon.
Along with this, existing investors such as Vertex Ventures,...
October 29th, 2018A Singapore-based AI company AnyMind Group has secured funds amounting to $13.4 million in a funding round. This round was led by Line, the Japanese messaging app firm, and Mirai Creation Fund, which is backed by Toyota among others.
The company that uses AI in online advertising, HR and marketing is planning to use these funds for...
September 28th, 2018Singapore-based media startup Tech In Asia lately announced an $18 per month paywall and the subscription went live this week. This was built to make the business self-sustaining after a tricky period of business in which the company observed an ICO and was forced to lay off its staff.
The company made cutbacks of s many as one-third...
September 8th, 2018Indian software service exporter Infosys Ltd has partnered with Singapore state investment firm Temasek Holdings for the purpose of accelerating up its Southeast Asia operations and strengthen its skills in the emerging technology space mainly in artificial intelligence. Both the companies will acquire a stake in Singapore-based Trusted...
March 28th, 2018
Facebook’s Vice President of Public Policy for Asia-Pacific, Simon Milner had to appear before a Select Committee on Deliberate Online Falsehoods in Singapore where he was questioned by the Home Affairs and Law Minister K Shanmugam for almost three hours.
Mr. Milner had to give explanations to Mr. Shanmugam about the...
December 12th, 2017Singapore launched on Tuesday its first large-scale electric car-sharing programme through which the land-scarce city-state hopes to provide commuters with more transport options and steer them away from the need to buy their own cars.
The service, which will be run for a decade by BlueSG, a unit of France’s Bollore Group, is a part...
November 21st, 2017SoftBank Group’s multi-billion dollar investment in Uber Technologies Inc opens up the possibility of combining it with other ride-hailing assets the Japanese group owns in a consolidation of a rapidly growing business across Asia, industry sources say.
Uber Technologies Inc said on Nov. 12 that a planned deal with a consortium led...
October 16th, 2017Amazon.com has infused another amount of $250 million in its Indian based seller operations arm Amazon Seller Services Pvt. Ltd, as per the filings with Registrar of Companies.
Singapore-based group entity Amazon Corporate Holdings and Mauritius-based group entity Amazon.com.incs Limited infused this amount in seller's arm. The...
September 21st, 2017Online travel company Yatra raised a 100 crore venture debt from Temasek backed InnoVen Capitalmarking it India’s largest venture debt transaction yet as per the source Livemint.
This is InnoVen’s second funding in Yatra. The venture debt provider had previously extended $4 million to Yatra in 2013.
“After having raised $92...
October 15th, 2016Crowdfunding is a fresh concept that has emerged as a sustenance for budding creators and innovators to turn their ideas into a corporeality. In the recent years, the crowdfunding industry has grown multifold and has helped crowdfunding projects grow into great business ventures. In the world of small biz, it has become one of the go-to...
August 25th, 2016AP- The world's first self-driving taxis began picking up passengers in Singapore starting Thursday.
Select members of the public can hail a free ride through their smartphones in taxis operated by nuTonomy, an autonomous vehicle software startup. While multiple companies, including Google and Volvo, have been testing self-driving cars...
