Tag: startup

Retail Asia23/02/2024
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3min0
Grab Holdings reported its first quarterly profit on Thursday and unveiled a maiden share repurchase program, but the ride-share and food-delivery firm’s weak annual sales forecast fanned growth worries and weighed on its shares. While the Singapore-based company’s ride-share growth hit pre-pandemic levels in 2023, its food-delivery services is rebounding from a slowdown following a […]

Retail Asia08/12/2023
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2min0
Deliveroo today announced the appointment of Nick Price as General Manager for Deliveroo’s operations in Hong Kong. In his role, Nick will oversee Deliveroo’s business in Hong Kong, with a focus on growing the business and further establishing Deliveroo in the Hong Kong market. Nick joined Deliveroo as Finance and Strategy Director in May 2021, […]

Retail Asia21/09/2023
2min0
Delivery Hero is in advanced talks on a partial sale of its Asia business, the Wirtschaftswoche business magazine reported, saying Singapore’s Grab could pay a little more than US$1.07 billion. The Berlin-based company could sell its activities under the Foodpanda brand in Singapore, Cambodia, Malaysia, Myanmar, the Philippines and Thailand, according to Wirtschaftswoche, which cited sources familiar with […]

Retail Asia20/09/2023
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2min0
Singapore-based sneaker marketplace Novelship has bagged US$9.5 million in its Series B funding round led by East Ventures, iGlobe Partners, and GSR Ventures. The company said the new funds will be used to accelerate its expansion plans in Southeast Asia, including enhancing its logistics capabilities, refining authentication processes, expanding its slew of in-house collections, and […]

Retail Asia29/08/2023
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5min0
Deliveroo today announced the launch of its new advertising platform, Deliveroo Media and Ecommerce, in Hong Kong. From now, brands will be able to advertise to Deliveroo customers with relevant offers across its app, on Deliveroo’s website and as part of social media, email and push notification campaigns. For the first time, advertising is planned […]

Retail Asia21/08/2023
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2min0
Food technology company Enough, which has partnerships with Unilever and Marks & Spencer, has raised $43.5 million, attracting investment despite signs of a slowdown in the alternative meat and protein sector. Enough, which ferments fungi to produce protein for plant-based chicken, mince and dairy products, said the funding round was led by venture capital firm […]

Retail Asia02/08/2023
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4min0
Amid a season of low recruitment demand due to economic challenges, companies are still headhunting for experienced and high-skilled IT staff to speed up their digital transformation. Although many companies are scaling down their payroll, demand for IT experts remains high with the most popular recruitment positions being business administration, software development, cybersecurity, artificial intelligence, […]

Retail Asia25/07/2023
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3min0
Vietnam-based fintech startup GIMO, which seeks to provide flexible salary payments to blue-collar workers, has completed its Series A funding round, raising $17.1 million. The final closing, comprised of a mixture of equity and debt financing, is led by venture fund TNB Aura, with participation from the company’s existing backers including Integra Partners, Resolution Ventures, […]

Retail Asia19/07/2023
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8min0
Australian investors have poured more than $1 million into plastics recycling service RecycleSmart, as co-founder Marco Prayer says he has invested his entire career to proving the business benefits of the circular economy. Sydney-based RecycleSmart provides households with a way to dispose of recyclable plastics that are unsuitable for regular recycling bins, offering to pick up unwanted […]

Retail Asia23/06/2023
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2min0
Good Flippin’ Burgers has successfully raised $4 million in its latest Series A funding round, which Tanglin Venture Partners led. Viren DSilva, co-founder of Good Flippin’ Burgers said, “This investment is a significant milestone for us and will empower us to expand our operations, fortify our supply chain, and bring our delicious burgers to an even […]

Retail Asia22/06/2023
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4min0
Singapore-based Grab Holdings, Southeast Asia’s leading ride-hailing and food delivery app, is cutting 1,000 jobs or 11 per cent of its workforce, its CEO said on Tuesday, citing the need to manage costs and ensure more affordable services long term. In a letter sent to employees late on Tuesday and seen by Reuters, chief executive […]

Retail Asia10/05/2023
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3min0
Education startup TEKY Alpha has raised US$5 million from Singaporean investment firm Sweef Capital to expand its operations. TEKY plans to expand its educational services at public schools and after-school programmes for children aged five to 18, Sweef Capital said in a statement. The startup, founded by Dao Lan Huong in 2016, delivers science, technology, engineering, […]

Retail Asia14/04/2023
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3min0
MindX, a startup that offers training in technology and programming, has received a US$15 million investment from a group of international funds in the Series B round. The funding round was led by Singaporean fund Kaizenvest, which has invested in many famous startups in the field of education technology (edtech), including unicorns Byju’s and upGrad […]


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