Carousell aims for exit within 4 years, possibly at value of US$1.1b or more
HOMEGROWN classifieds startup Carousell aims to provide its investors an exit by 2024, its regulatory filings indicate.
US$100m fund being raised to target early-stage Asean buys
A NEW venture capital firm by five private capital veterans, including businessman Koh Boon Hwee, is raising an inaugural fund of over US$100 million to capture early-stage opportunities in South-...
Covid-19 turmoil creates fresh openings for new startups
THE economic downturn can in fact be an opportunity for entrepreneurs to launch new ventures, startup veterans and investors tell The Business Times. While funding may be tougher to secure, new...
Zopim co-founder eyes post-Covid travel surge with startup GoTrippin
EVEN as the travel sector has turned moribund, entrepreneur Royston Tay sees opportunity. The co-founder of Zopim, one of Singapore's earliest startup successes, is now working on a new traveltech...
Lightspeed swoops in on bright spots in S-E Asian startups
DESPITE the gloomy skies, US-headquartered Lightspeed Venture Partners is bullish on South-east Asian startups that can fill key "infrastructure gaps" amid the Covid-19 outbreak, the venture firm'...
MedTech Innovator seeks to spotlight Asia-Pacific startups to investors
MEDTECH Innovator, a US nonprofit accelerator, is bullish on Asia-Pacific's young ecosystem of medtech startups. And it wants to highlight their vast potential, even as investors have turned...
Alibaba's entry might affect Grab-Gojek merger talks
ALIBABA is said to be in talks to invest an eye-watering US$3 billion in South-east Asian ride-hailing firm Grab. Observers say that the deal, if it bears fruit, could complicate efforts for a...
Quest Ventures to nurture Malaysian startups in partnership with accelerator
SINGAPORE venture capital firm Quest Ventures has entered into an exclusive partnership with accelerator ScaleUp Malaysia to invest in and help with the regional growth of top Malaysian startups...
Bellagraph, Hin Leong sagas show weak spot in exempt private companies
THE recent debacle over Bellagraph Nova (BN) Group - and the rollover impact on Catalist-listed Axington - revives long standing calls for improved disclosure standards when it comes to Exempt...
Singapore businesses alarmed by growing protectionist calls
BUSINESSES are growing wary of what may seem like protectionist suggestions to keep the Singaporean core in professionals, managers and executives (PMEs) jobs, which some say could backfire in the...