Two homegrown startups bag venture-capital funding from overseas

Singapore

TWO Singapore startups - one in tea and other in game development - on Wednesday announced that they have raised venture-capital funding from abroad, in a sign that global investors are seeing value in local enterprises and innovation.

Teabox, a specialty tea company founded by Singapore Management University alumnus Kaushal Dugar, has won an undisclosed round of financing from Ratan Tata, chairman emeritus of Tata Sons, the holding company of Tata Group.