SGAG has the last laugh; Singapore startup rakes in profits from day one
It earns the right to shout out 'limpeh', and has now bagged US$10 million in Series A funding, led by early-stage investor Quest Ventures, Temasek unit Pavilion Capital and Bent Pixels
Add BT as a preferred source
Singapore
BEHIND the wacky memes and skits of SGAG, serious money is being made. Its parent company, Hepmil Media Group, has been in the black since inception. The startup recorded S$5.2 million in revenue and over S$812,800 in profit in 2020, according to regulatory filings.
But in the past 6 years, it had raised only US$900,000 from angel investors - in 2017. One could say that's "nubbad", going by the lingo of the startup with the cheeky name (try reading "Hepmil" backwards).
TRENDING NOW
Asia-Pacific aviation: is up really the only way?
Singapore Airlines faces some bleak choices as it lays trapped in Air India’s money pit
NDR 2026: Singapore to create new Western island to support 'new generation of industries'
Seatrium, Petrobras eye potential natural gas collaboration to meet growing Asian demand
