honestbee chairman Brian Koo looms large in startup's revamp bid
AS HONESTBEE seeks court protection to restructure some US$209 million worth of debt, questions remain about whether its key backer and chairman Brian Koo holds all the cards, or if minority...
CPF to take action against honestbee for unpaid July contributions
THE Central Provident Fund (CPF) Board is taking enforcement action against honestbee for failing to pay contributions for its employees in July, a spokesman for the board said in response to...
Temasek partners Kuehne + Nagel to launch US$50m fund for logistics startups
REEFKNOT Investments, a joint venture between Singapore's Temasek Holdings and Kuehne + Nagel, has launched its inaugural US$50 million global fund to invest in startups "at the forefront" of the...
Social Bella raises US$40m Series D funding led by Temasek, EV Growth
INDONESIAN beauty e-commerce startup Social Bella has raised US$40 million in Series D funding co-led by venture firm EV Growth and Temasek, the company announced on Monday.
High Court gives honestbee 30 days to refine moratorium bid
THE Singapore High Court has given honestbee an extra month to beef up its application for a six-month debt moratorium against its creditors, chief executive Ong Lay Ann said on Tuesday.
Carousell bets on ad dollars; may fundraise in next 2 years
CLINCHING advertising dollars will be a core focus for Carousell this year, and the online marketplace operator is willing to dish out more cash on talent to drive growth, chief executive Quek Siu...
KiotViet raises US$6m Series A funds from Jungle, Traveloka
STORE management software firm KiotViet has raised US$6 million in Series A funding from Jungle Ventures and Traveloka, the Vietnamese startup announced on Thursday.
Carousell's monetising push quadruples 2018 sales, but it's still US$25m in the red
CAROUSELL's monetisation efforts may be starting to pay off, as the online marketplace operator quadrupled revenue to US$7 million in 2018, according to regulatory filings obtained by The Business...
Proptech startup REALly raises S$500,000 in seed funding
PROPERTY management marketplace REALly has raised S$500,000 in seed funding from strategic advisory Huntington Partners, alongside angel investors, the company said in a press release on Tuesday...
honestbee's restructuring may hinge on fixing business model
TO convince creditors to back its debt restructuring plans, honestbee must demonstrate its business viability in the cutthroat offline-to-online retail scene, industry watchers told The Business...