Startups

Grab launches electric vehicle roadmap in Indonesia, inks major partnerships

SINGAPORE-BASED tech firm Grab is ramping up its electric vehicle (EV) plans in Indonesia through the launch of a roadmap to drive EV adoption, with support from the Indonesian government.

Medtech firm AWAK Tech raises US$40m in round co-led by Vickers Venture

RENAL company AWAK Technologies has raised US$40 million in an oversubscribed financing round co-led by Vickers Venture Partners and an unnamed global medical products company.

Interview - Eugene Wong, Founder and MD, Sirius Venture Capital

IN THE NOT-TOO-DISTANT future, Eugene Wong envisions Singaporeans eating nasi lemak with crispy deep-fried grasshoppers instead of ikan bilis.

The rise of the Asian 'super app'

Rice Basket Queen is the name of a stall run by Ms Ruri Ruhyaty in a bustling suburb of Jakarta. A year ago, it was typical of thousands of others. Ms Ruri would place her fish and vegetable...

Gojek near to buying mobile payment start-up Moka for $163m

SINGAPORE (BLOOMBERG) - Indonesia's ride-hailing giant Gojek is close to acquiring a mobile point-of-sale start-up called Moka for at least US$120 million (S$163 million), as it aims to become a...

Next big wave of technology unicorn listings could be in India

[SINGAPORE] India's stock markets are set for a wave of unicorn listings, according to technology venture capitalist and former Infosys Ltd official Mohandas Pai.

Super-rich families pour into US$787b private debt market

[NEW YORK] Like many members of the global super rich, Monaco-based financier Evgeny Denisenko faces an investing challenge.

Uber nears deal for self-driving car simulation startup: report

[BENGALURU] Uber Technologies Inc is in advanced negotiations to acquire Foresight, a startup that develops simulation software, The Information reported on Monday citing a source familiar with...

P2P lending: A case for borrowing to grow

SMALL and medium-sized enterprises (SMEs) are important to the economy. In Singapore, SMEs account for 69 per cent of employment and 49 per cent of the economy.

China AI firm 'expects 200% rise in revenue' despite US restriction

BEIJING • Chinese artificial intelligence (AI) start-up SenseTime, which Washington put on a trade blacklist in October, expects its 2019 revenue to rise by more than 200 per cent year on year to...