Startups

Vaniday relaunches as one-stop beauty, wellness platform with marketplace

VANIDAY is back in business in Singapore, this time as an all-in-one platform featuring a new online marketplace of beauty and wellness products, a new digital magazine as well as an improved loyalty...

Luckin probe ends ahead of meeting seeking chairman's ouster

[NEW YORK] Luckin Coffee said an internal investigation into fabricated transactions dating back to April 2019 is drawing to a close ahead of a special meeting that is expected to result in the...

ESG sets aside over S$55m for local agriculture, aquaculture firms

ENTERPRISE Singapore (ESG) has set aside over S$55 million to accelerate the growth of promising local agriculture and aquaculture companies by "developing their innovation capabilities to grow...

Circles.Life makes foray into financial services with AXA Insurance tie-up

SINGAPORE-BASED Circles.Life has partnered AXA Insurance to offer insurance coverage to the digital telco's users.

Gojek cuts 9% of staff, shuts non-core verticals amid Covid-19 pressures

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, while shutting down non-core verticals.

Gojek cuts 9% of staff; shutters GoLife and physical F&B verticals

INDONESIAN ride-hailing firm Gojek is laying off 430 employees, representing 9 per cent of its regional headcount, and shutting down non-core verticals as it faces financial pressure amid the...

Startups exemplify how to thrive, not just survive, amid Covid-19: Jungle's Amit Anand

WHEN Covid-19 infection rates began to spike in March, governments around the world swiftly imposed stringent travel and lockdown restrictions to flatten the infection-rate curve. But with the...

Private markets data providers tap rising demand in S-E Asia

THE business of providing data on privately held companies and their capital raising activities is looking more promising than ever as investors continue flocking to South-east Asia in search of...

Bjorn Lee, CEO of MindFi.co

TEN YEARS AGO, when he suddenly experienced chest pains at the young age of 29, entrepreneur Bjorn Lee thought that he was having a heart attack.

Grab layoffs highlight cost burden when startups grow heavier

AMID the economic downturn, homegrown tech firm Grab has cut 5 per cent of its workforce, but will "double down" on the delivery segment by redeploying more talent there, chief executive Anthony...

Grab to cut 5% of workforce amid Covid-19 pressures

SUPER-APP player Grab will be laying off about 360 employees - representing just under 5 per cent of its workforce - due to financial pressures arising from the Covid-19 pandemic, chief executive...