startup funding

Facebook invests in Gojek in WhatsApp push

[SAN FRANCISCO] Facebook is investing in Gojek, Indonesia's ride-hailing and food delivery giant, as part of the social media company's effort to expand into emerging markets and find partners for...

With VCs turning cautious, government's extra S$285m to catalyse startup funding timely

THE government's decision to set aside S$285 million more to match private investments to promising startups will give the young companies a much-needed leg-up to tide them through the Covid-19...

MVLLABS raises extended Series A round led by Shinhan Bank

SINGAPORE-BASED startup MVLLABS, the company behind ride-hailing service TADA, on Thursday said it has raised an undisclosed sum in its Series A extension round led by South Korea’s Shinhan Bank.

Singapore homeware retailer Iuiga gets S$10m Series A funding, to focus on Indonesia

HOMEWARE retailer Iuiga has secured S$10 million in Series A funding from the technology arm of Indonesian conglomerate Konimex Group, which will be chiefly put to growing its operations in...

Amid Covid-19 pain, Ninja Van eyes e-commerce boom

FRESH from raising a blockbuster US$279 million, last-mile logistics startup Ninja Van now faces a mixed bag amid Covid-19 - demand for e-commerce delivery is surging with social distancing, but...

Startups continue to raise funds amid Covid-19

STARTUPS in South-east Asia have continued to close funding rounds despite the slowdown in investor activity due to the economic impact of Covid-19. Companies from logistics service providers to...

Virus outbreak puts regional startups through their first stress test

STARTUPS that have long enjoyed the benefits of an exuberant scene in South-east Asia are now facing their first stress test as they scramble to last out the Covid-19 storm.

Downturn a reset button for lofty startup valuations

THE economic downturn caused by the Covid-19 outbreak could be a "reset button" for lofty startup valuations in South-east Asia, while presenting an opportunity for venture capitalists to invest...

Gojek adds US$1.2b to war chest, but CEOs warn of tough times ahead

JUST three weeks after talk surfaced of a potential merger between ride-hailing giants Grab and Gojek, Indonesia-based Gojek is again in the spotlight after raising an additional US$1.2 billion in...

Retail tech startup StoreHub bags US$8.9m in Series A+ round

SINGAPORE retail tech startup StoreHub has raised US$8.9 million in Series A+ funding, led by returning investor Vertex Ventures Southeast Asia & India.

Lumos will use fresh funds to extend 'smart helmet' product line

A MISSION to increase the safety of cyclists on the road, which began as a Kickstarter campaign in 2015, raised over US$800,000. Today, it has support from Apple and financial backing from Hong...