startups

Startups ride wave of digital entertainment as more stay indoors

USER activity is climbing higher and higher for digital entertainment startups in South-east Asia as more people stay indoors due to the Covid-19 pandemic. Companies ranging from an e-sports firm...

Turning leaders into winners

With safe distancing limits in place, coaches find themselves pushed to change the way they interact with clients, putting a dampener on demand. Prospects of new business also appear to have dried...

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.

Hotelier grandson of Asia's sugar king turns venture capitalist

[SINGAPORE] As a 17-year-old trainee bellboy, Kuok Meng Xiong spent a summer opening doors at his family's Island Shangri-La hotel in Hong Kong.

Travel tech startups get wings clipped; seek ways to keep going

TRAVEL and hospitality startups are seeing a drop in revenue following the Covid-19 outbreak, some by up to 60 per cent.

More ex-employees file claims against Honestbee

A total of 77 former employees of struggling start-up Honestbee have filed claims for non-payment of salaries as of last Wednesday.

Honestbee sheds 80% of staff, delays salary payment

Struggling start-up Honestbee has laid off about 80 per cent of its staff in the wake of the temporary closure of its grocery store Habitat.

Oyo is not wasting the WeWork crisis

[MUMBAI] Oyo Hotels & Homes is making the most of its crisis. Ritesh Agarwal's Indian startup is cutting 5,000 jobs, focusing on profitable growth, and improving governance. That might deflate...

Sequoia Capital warns startups of coronavirus 'black swan' event

[SAN FRANCISCO] Sequoia Capital, one of the world's leading venture capital (VC) firms and a periodic soothsayer for the industry, sent an email to its entrepreneurs on Thursday warning that the...

Profitability drive, business pivot cited as reasons for CXA layoffs

THE recent layoff of a dozen staff at CXA Group arose from investors wanting to see a "clear path to profitability", while the insurtech startup is seeking to raise US$50 million in Series C funds...

Agencies to shake up farm rules - all for agri-food innovation

CHALLENGES like climate change also present Singapore with opportunities for innovation, Senior Minister of State for Trade and Industry Koh Poh Koon noted in a speech on Tuesday.