Tag: Startups

Retail Asia04/09/2023
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2min0
A record number of 103,658 new firms were established in the first eight months of this year, a rise of 2.3% year on year, the Ministry of Planning and Investment (MPI) reported. In August alone, the country saw more than 14,000 newly established businesses, up 17.9% year on year. However, the number of firms returning […]

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 […]

Retail Asia03/04/2023
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3min0
Investment in Vietnamese startups reached $634 million in 2022, down 56% over the previous year due to the impact of global economic fluctuations. This investment was directed to startups through 134 deals, according to the Vietnam Innovation and Technology Investment 2023 Report, published Thursday by Do Ventures, a venture fund, and the National Innovation Center […]

Retail Asia15/02/2023
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7min0
Foreign startups are eyeing Vietnam as one of their main markets thanks to the country’s large and young population, low costs and cheap and abundant labor force abundant. Vietnam has been among the top markets in terms of revenue for Singapore’s insurance startup Igloo ever since the company was launched in 2021. “Vietnam is becoming […]

Retail Asia29/08/2022
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8min0
Deliveroo today announces its partnership with A Plastic Ocean Foundation (APOF), a local charitable organisation dedicated to stopping plastic pollution and initiating ocean recovery from human impacts, to safeguard and preserve Hong Kong’s precious wetland region, Ha Pak Lai, from plastic pollution and soil erosion through beach clean-ups and planting local bamboo trees. The company […]

Retail Asia01/08/2022
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1min0
Startup Viet 2022, an annual event hosted by VnExpress to promote entrepreneurship, closes registration in seven days. The sixth edition of the competition, themed “the New Era of Innovation,” has received dozens of registrations since it opened June 13. The startups are from various sectors including e-commerce, logistics, fashion, manufacturing, agriculture, customer service, business management […]

Retail Asia24/06/2022
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2min0
Financial startup Anfin, which seeks to make stock investment easy for any user, has raised funding of $4.8 million in a Pre-Series A round from a consortium of investors. It was led by angel investor Clement Benoit and U.S.-based startup accelerator Y Combinator. The money will be used to improve its app by building a […]

Retail Asia22/03/2022
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4min0
Vietnamese startups have great expectations of the blockchain technology, envisaging practical e-commerce and entertainment impacts as the country pursues digital transformation. “We dream of becoming a billion-dollar company,” said Nguyen Tuan Quynh, chairman of book distributor Saigon Books, as he talked about a new project which uses blockchain in podcast and audiobook production. He said […]

Retail Asia13/01/2022
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1min0
Vietnam could be Asia’s next startup hub after local companies saw a funding surge over 40 times in the last five years, a venture capitalist said. Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, Binh Tran, co-founder of Ascend Vietnam Ventures said. The sector is […]

Retail Asia20/10/2021
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6min0
One Mount provides solutions covering the entire financial services, distribution, real estate, and retail-sector value chain. Approved in June 2020, the National Digital Transformation Program aims to turn Vietnam into a country with digital technology competitiveness comparable to those of developed nations. This sets favorable conditions for Vietnam to actively capitalize on opportunities brought on […]

Retail Asia25/08/2021
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2min0
Taipei-headquartered XREX has named a managing director in Singapore as it sets its sights on expanding its platform in the region. Taipei-headquartered XREX has appointed Christopher Chye as managing director of XREX Singapore and director of product. In this dual role, he will oversee XREX’s businesses and operations in Singapore and play an instrumental role in […]

Retail Asia21/07/2021
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2min0
Indian food delivery startup Zomato Ltd ` will raise US$1.26 billion by pricing its shares at 76 rupees each in its initial public offering, according to two sources with direct knowledge of the matter. The sources could not be named as the information has not yet been made public. Zomato did not immediately respond to […]

Retail Asia27/05/2021
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2min0
Two partners at U.S. venture capital fund 500 Startups have founded Ascend Vietnam Ventures with plans to invest in 25 local companies. Their early-stage investments will range from $500,000 to $2 million and be in tech startups in areas like finance, education, healthcare, productivity, and future of work, according to a statement. Around a third […]

Retail Asia20/05/2021
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1min0
Indonesian ride-hailing and payments firm Gojek and e-commerce leader Tokopedia formally announced their merger today in a transaction that will create a technology powerhouse in the country’s largest deal. Sources familiar with the situation had earlier said the companies were seeking a $18 billion merger. Neither firm confirmed a valuation for the merged group, named […]


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