BT EXCLUSIVE: STARTUPS

Rotimatic maker doughs out losses, burns through its cash reserves

LOCAL startup Zimplistic made headlines in 2016 with its invention Rotimatic, an automated kitchen appliance that makes Indian flatbread or roti.

BT EXCLUSIVE: STARTUPS

Merchants hold key to growth of GrabFood Singapore

AT A time where the food delivery sector is headed for a meteoric rise, GrabFood Singapore has identified its relationship with merchants as key to its further growth. It has been building up ways to help food and beverage (F&B) businesses lower their operating costs and make full use of...

Ultra driven

IN THE glitzy, fast-paced world of startups, everyone wants to know how to identify the next big thing. Terms like "industry-first", "innovative business model" and "big data" get tossed around. But ask any early-stage venture capitalist, and the one big truth emerges: It all hinges on the...

STARTUPS

'IPOs are not the goal, but milestones on road to profitability'

THE worst possible thing a startup entrepreneur can do is to see an initial public offering (IPO) as an endpoint, said Mohamed Nasser Ismail, global head of equity capital markets at the Singapore Exchange (SGX).

East Ventures, Openspace among top VC performers in S-E Asia: Preqin

FUNDS from venture capital (VC) firms East Ventures, Openspace Ventures, Vickers Venture Partners and Golden Gate Ventures have been ranked as top-performing VC funds in South-east Asia by alternative assets data provider Preqin.

Insignia Ventures closes second fund at US$200m

SINGAPORE-BASED Insignia Ventures Partners has hit an oversubscribed final close for its second fund at US$200 million. Limited partners include premier institutional investors such as sovereign wealth funds, university endowments, foundations and renowned family offices from Asia, Europe and...

BT EXCLUSIVE

CapBridge gets nod to include retail investors

RETAIL investors wanting to get in on the burgeoning private equity space can now invest through private capital raising platform CapBridge, albeit subject to certain requirements.

E-commerce firm Shopmatic buys marketplace integration startup CombineSell

E-COMMERCE solutions firm Shopmatic has made its second acquisition of the year, with its purchase of a startup that allows merchants to manage their business in several online marketplaces through a single platform.

BT EXCLUSIVE

Knives are out with more cooks now in virtual kitchens

A FIERCE battle is brewing in the world of cloud kitchens as new and old players rush to capture the margins and network-building opportunities created by the rising popularity of food delivery services.

STARTUPS

Competition panel investigating online food delivery sector

THE Competition and Consumer Commission of Singapore (CCCS) has commenced investigations into the online food delivery and virtual kitchens sectors, with an eye on the use of exclusive agreements and refusal of service by players to block competition.

Competition watchdog investigates online food delivery sector, virtual kitchens

THE Competition and Consumer Commission of Singapore (CCCS) has commenced investigations into the online food delivery and virtual kitchens sectors, with an eye on the use of exclusive agreements and refusal of service by players to block competition.

Lack of talent is biggest gap in South-east Asia tech space: EDB executive

THE biggest gap in South-east Asia’s startup scene lies in talent, said a top executive at Singapore’s Economic Development Board (EDB). Even as opportunities abound, the region lacks senior product managers and engineers partly because it does not have a history of building “brilliant” tech...

Japanese tech firm Sansan appoints regional CEO to lead Asean expansion

JAPANESE tech firm Sansan, which was one of Japan's most-funded startups before an initial public offering (IPO) in June, has appointed Edward Senju as regional CEO to drive the growth of the group in Singapore and Asean.

INTERNET ECONOMY

Aspiring SEA unicorns waiting to take off, but more funding lift needed

SOUTH-EAST Asia might have a crop of startups waiting to break into the coveted world of unicorns, but more financing is needed to bridge the path there.

More late stage funding needed to help region's 'aspiring unicorns': Temasek-Google-Bain report

SOUTH-EAST Asia might have a crop of startups waiting to break into the coveted world of unicorns, but more financing is needed to bridge the path there.

Co-working lab and office for biotech startups to open in November

A CO-WORKING laboratory and office spanning 15,000 square feet (sq ft) will open its doors to biotech startups in November.

Digital currency exchange Zipmex raises US$3m in pre-Series A round

SINGAPORE-BASED digital currency exchange provider Zipmex has raised US$3 million in a pre-Series A round led by blockchain technology group Infinity Blockchain Holdings, raising its valuation to US$18 million, said the startup on Monday.

To infinity, and beyond: Singapore's adventures in spacetech

Up until the 2000s, it would take up to US$300 million to launch a communications satellite. Today, miniaturised satellites called CubeSats can be assembled using off-the-shelf technology within a few months and launched for US$300,000 to US$900,000.

Grab says its contribution to SEA economy totals US$5.8b

GRAB contributed US$5.8 billion to South-east Asia's economy in the 12 months leading up to March 2019, through its platform and Kudo unit.

Grab contributes US$5.8b to South-east Asia economy in a year

GRAB contributed US$​5.8 billion to South-east Asia's economy in the 12 months leading up to March 2019, through driver, delivery, merchant and agent incomes and sales generated through its platform and ​Grab unit Kudo.

STARTUPS

Venture capital firms share long-term investment strategies

A STRICT seed-stage focus and building brands out of consumer trends are some of the investment strategies that venture funds will deploy in South-east Asia over the next five years.

TSMP Law expands on several fronts

SINGAPORE law firm TSMP Law is strengthening its capabilities on several fronts by hiring a second senior counsel, expanding its regulatory offering and establishing a new compliance consulting firm.

No major short-term impact expected on S'pore refinery sector from Saudi attack: MTI

THE attack on Saudi oil plants over the weekend is not expected to have a significant impact on Singapore's refinery sector in the short term, said the Ministry of Trade and Industry (MTI) on Tuesday.

SGX rejects BlackGold's application for 3rd extension of time to hold AGM

BLACKGOLD Natural Resources is now working towards holding its FY2018 annual general meeting by Oct 31 after the Singapore Exchange (SGX) rejected its application for a third extension of time.

Mapletree Logistics Trust to buy Australia warehouse for A$18.4m

MAPLETREE Logistics Trust (MLT) has entered into a conditional forward purchase agreement to acquire a warehouse in Australia for A$18.4 million (S$17.4 million) from Wooreddy Investments.