Two Singapore-based startups led by tech alumni raise US$76m

TWO Singapore-based startups founded by former Fave, Carousell and foodpanda executives on Thursday separately announced a combined US$76 million in seed funding and debt to acquire e-commerce...

Olam unit eyes better margins, earnings with acquisition of spice supplier Olde Thompson

OLAM Food Ingredients (OFI), a unit of agri-food giant Olam International, is looking forward to better margins and earnings after it seals the acquisition of US private-label spice supplier Olde...

Singapore banks may shop for buys as fears over bad debts recede

EYES will be on Singapore banks' acquisition plays in the region as the trio release their first-quarter results, with asset quality largely stable following the expiry of debt holidays.

Is rise in grocery shopping reason to hunt for supermarket investments?

THE last two weeks saw just as many acquisitions of Malaysian grocery businesses by Singapore-listed companies, sparking the question: could supermarkets and grocers be the new M&A (mergers...

Gojek and Tokopedia said to be finalising US$18b merger to form 'Goto'

INDONESIAN Internet companies Gojek and Tokopedia are reportedly finalising a US$18 billion merger, with plans for the combined business to be called Goto - pronounced as "go to".

Private club Straits Clan gets new owner

STRAITS Clan, a private club by local food and beverage (F&B) operator The Lo & Behold Group, has been bought over by Singapore-based hospitality player The Mandala Group.

Singapore's Fave eyes India breakthrough with US$45m sale to unicorn Pine Labs

FINTECH platform Fave is aiming to take flight in India's consumer rewards market, following its US$45 million sale to an Indian merchant commerce company, founder and chief executive Joel Neoh...

M&A, in the midst of a crisis, can be deployed to boost growth

MEASURES put in place to contain the spread of Covid-19 have resulted in significant operational disruptions for many companies. Staff under quarantine, interruptions in supply chains around the...

Softbank-backed Kahoot is Asia-Pacific's latest edtech contender

ONLINE education startup Kahoot is looking to muscle into Asia Pacific with the help of its biggest shareholder Softbank, and will thus be exploring partnerships with regional entertainment and...

SGX launches consultation on SPACs, with proposals to minimise dilution and better align interest

SINGAPORE Exchange (SGX) has launched a consultation on Special Purpose Acquisition Companies (SPACs), with proposals to address some of the risks posed by the listing structure.