Startups

Jet-powered flying taxi unveiled following first flight

[LONDON] The world's first all-electric vertical takeoff and landing passenger jet has been unveiled after completing its first flight.

WeWork continues to lose money ahead of potential IPO

NEW YORK (NYTIMES) - WeWork's primary business mission remains maintaining its heady growth rate, even as it continues to lose money, according to its latest quarterly financial results.

honestbee focusing on fund raising and righting its ship

TROUBLED grocery-delivery startup honestbee appears to be jettisoning excess cargo as it seeks fresh capital and rights its course as an online-to-offline retail play.

honestbee to stop food delivery in Singapore, suspend laundry service; move hits 400 delivery persons

STRUGGLING food delivery startup honestbee is halting its food delivery business in Singapore and suspending its laundry service with effect from May 20, affecting some 400 freelance delivery persons.

SoCash turns shops into cheaper ATMs for banks

BANKS in Singapore spend about US$200 million a year on ATM maintenance, logistics, insurance, counting and cleaning cash, and a host of other expenses just to maintain circulation of physical...

S$20m funding sought for honestbee; no update on strategy tweak

INVESTORS were approached about raising at least S$20 million for struggling grocery delivery startup honestbee earlier this month following its leadership shuffle, The Business Times understands...

Co-working space with Silicon-Valley-inspired pre-school

A co-working space with a family-friendly twist is set to open its doors at Funan.

Singapore's JustCo expands to Taiwan with opening of 3 new co-working centres

SINGAPORE - Singapore-based JustCo has expanded to Taipei, securing three new co-working centres in the city.

Impossible Burger creator raises US$300m in funding round co-led by Temasek

SINGAPORE - Impossible Foods has raised US$300 million in a Series E funding round led by existing investors Temasek Holdings and Hong Kong tycoon Li Ka-shing's personal venture fund Horizons...

Lab-grown meat that's simply Shiok

THE future of food may lie in lab-grown cell-based meat. And it's not just plant-based "meat" patties in burgers that are taking the world by storm. On March 29, Shiok Meats unveiled its first...