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02. May 2024
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Tag: Startups

Retail Asia05/05/2021
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Startups

Startup scene reviving, says expert

6min0
Vietnamese startups are attracting increasing attention from foreign funds, and there have been at least seven million-dollar investment deals in Q1. The biggest deals include a $100-million funding round by U.S. investor Warburg Pincus in payment app MoMo, a $15-million investment in English learning app ELSA by Vietnam Investments Group and U.S-based Susquehanna International Group, […]
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Retail Asia03/05/2021
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Living

Vietnamese studio bags $1 mln funding for new blockchain game

2min0
Vietnamese game studio Topebox and its blockchain partner KardiaChain have raised $1 million for an upcoming blockchain game called My DeFi Pet. The investors include Shanghai-based venture capital firms Axia8 Ventures, OKEx Blockdream Ventures, and the venture capital fund of cryptocurrency exchange OKEx in Hong Kong. Vietnam-based venture capitalist Megala Ventures and Chinese game developer […]
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Retail Asia29/04/2021
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Startups

Startups see investment rise by 34 pct

3min0
Investment in startups jumped by 34 percent year-on-year in the first quarter to $100 million, with foreign investors being dominant. But the number of deals continued to fall, almost halving from 2019 to 16, according to a report by South Korean venture fund Nextrans. Foreign investors outperformed their local counterparts with nine deals, it said. […]
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Retail Asia09/04/2021
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Startups

Grab to List in New York Via Blockbuster SPAC

2min0
The deal – the largest merger between a company and a blank cheque company – will value the SoftBank-backed firm at about $35 billion. The Singapore-based technology group could finalize an agreement to list with one of Altimeter Capital’s special purpose acquisition companies (SPACs) as soon as this week. Grab will raise about $2.5 billion through […]
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Retail Asia31/03/2021
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Startups

Deliveroo confirms IPO Offer Price

3min0
The Offer Price has been set at £3.90 per Share, equating to a market capitalisation at Admission of £7.59 billion (excluding any over-allotment shares). Commencement of conditional dealings on the London Stock Exchange is expected to take place at 8 a.m. (UKT) on 31 March 2021 under the ticker “ROO” (ISIN: GB00BNC5T391). Deliveroo intends to […]
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Retail Asia16/03/2021
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Startups

Foodpanda Hong Kong appoints new MD

2min0
Tech industry veteran Ryan Lai has been named the new managing director for foodpanda Hong Kong. Lai will oversee all aspects of the delivery company’s business operations, while contributing to the growth and strategic development of the platform, including delivery and pickup, foodpanda mall, pandamart, catering, and other digital solutions to push the company forward […]
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Retail Asia26/02/2021
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Startups

Grab in Hiring Spree to Support Financial Services

3min0
The super app is looking to create around 350 new jobs in Singapore this year to support its growth plans. The new hires will support Grab’s plans to help micro SMEs digitalize, deliver digital financial services across Southeast Asia, and develop the Grab-Singtel digibank, according to an announcement on its website. The hiring drive was announced at a signing […]
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Retail Asia26/02/2021
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Startups

Travel App Sets Sights on Financial Services

2min0
Indonesian online travel unicorn Traveloka is targeting Thailand and Vietnam for launching financial services ahead of a possible IPO. Undaunted by Covid-19 related disruptions, Southeast Asia’s biggest online travel startup is eyeing moves into the financial services space as the company diversifies its offerings in a region ripe for disruption in the space. The plan […]
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Retail Asia02/02/2021
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Electronics

Vietnam eyes 500 hi-tech manufacturers

1min0
Vietnam eyes to have 500 manufacturers of hi-tech products and 200 agriculture companies using hi-tech applications as of 2030. The government also targets to increase the export value of hi-tech products to about 60 percent of the total export value in the manufacturing and processing industry, according to National High-Tech Development Program 2030 recently issued […]
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Retail Asia10/12/2020
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Startups

Venture funds commit $815 mln to Vietnamese startups

2min0
Vietnamese startups earned pledges of $815 million over the next five years from 33 foreign and domestic venture funds. The pledges, announced at the recent Vietnam Venture Summit, came from several foreign funds who’ve been active in Vietnam in recent years, like CyberAgent Capital, AlphaJWC, Monk’s Hill Ventures, as well as several domestic funds like […]
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Retail Asia07/12/2020
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Startups

Deliveroo deepens investment into on-demand grocery segment with exclusive DON DON DONKI partnership

6min0
Deliveroo today announces its partnership with DON DON DONKI, marking the first-ever collaboration with on-demand delivery app in Hong Kong for the Japanese megastore. The exclusive partnership with Deliveroo will enable customers to access a variety of tasty snacks, ready-to-eat meals and daily essentials from DON DON DONKI, making virtual shopping simple and convenient as […]
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Retail Asia03/12/2020
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Finance

Singapore Beefs Up Wealth Management Talent Pipeline

3min0
After a deadly pandemic wiped out most revenue for the year, Macau’s gaming industry could face a permanent structural shift with the potential introduction of a new system to exchange digital yuan for gambling chips. Macau’s watchdog, the Gaming Inspection and Coordination Bureau, has been in talks with various casino operators over the usage a […]
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Retail Asia02/10/2020
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Finance

Banking-as-a-Service Startup to Expand in Singapore

2min0
Singapore-headquartered fintech RootAnt has raised $1.46 million in a seed investment round, led by Linear Capital and co-investor KZM Group. The funds will be used for expansion in Singapore, the rest of Southeast Asia, and Japan, with an aim to provide both anchor corporates and SMEs with new and enhanced solutions on its platform, as well […]
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Retail Asia30/09/2020
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Startups

Russian ride-hailing app makes Vietnam debut

2min0
Russia’s InDriver has become the latest entrant in Vietnam’s growing but fiercely competitive ride-hailing market, joining several foreign and domestic firms in the fray. Starting this month, the company is offering car and motorbike ride-hailing services in the central province of Thua Thien Hue, the southern city of Can Tho, and the northern city of […]
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Retail Asia28/08/2020
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Finance

Razer Fintech Eyes New Markets

3min0
The firm is said to be exploring opportunities in Southeast Asia and other emerging markets, such as India and Latin America, to grow its fintech business. The financial technology arm of Singapore gaming and technology brand Razer said that while awaiting results of its bid for a digital banking license in Singapore, it is currently […]
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Retail Asia12/08/2020
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Startups

Three Asian fashion-tech startups to set sail

3min0
Three fashion-tech businesses, all graduates of Singapore’s Textile and Fashion Federations’ Bridge Fashion Incubator program, are launching this month. The three businesses—Shop Bettr, Republiqe and Tropick, are “some of the most promising innovative entrepreneurs” witnessed last month at the Cohort #2 Demo Day. The Shop Bettr brand is positioning itself as Asia’s first fashion tech […]
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