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Binance’s hotly-anticipated Singapore crypto exchange is now live — and...
Binance, the company widely seen as the world’s largest crypto exchange, has officially set up shop in Singapore after it launched a service in the country. The new Singapore service, however, bears...
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Singapore’s SalesWhale raises $5.3M to bring AI to sales and marketing teams
SalesWhale, a Singapore-based startup that uses AI to help marketers and salespeople generate leads, has announced a Series A round worth $5.3 million. The investment is led by Monk’s Hill Ventures —...
View ArticleRide-hailing firm Grab is losing its CTO
Grab is once again on the hunt for a CTO after Theo Vassilakis, the former Microsoft and Google executive who currently occupies the role, announced that he will leave the ride-hailing company this...
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Grocery delivery startup Honestbee is running out of money and trying to sell
Honestbee, the online grocery delivery service in Asia, is nearly out of money and trying to offload its business. The company has held early conversations with a number of suitors in Asia, including...
View ArticleStarbucks CEO says Chinese rival Luckin’s ‘heavy discount’ strategy isn’t...
A war of words in the coffee world is brewing after the CEO of Starbucks claimed Chinese upstart Luckin can’t last just days after it filed for a U.S IPO. Kevin Johnson, who leads the American coffee...
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Jungle Ventures hits $175M first close on its third fund for Southeast Asia
Southeast Asia’s startup ecosystem is set to get a massive injection of funds after Jungle Ventures reached a first close of $175 million for its newest fund, TechCrunch has come to learn. Executives...
View ArticleGrocery startup Honestbee makes layoffs and cuts costs as it prepares to...
Asia Pacific grocery delivery startup Honestbee has confirmed it is suspending business in half of the eight markets it operates in and laying off 10 percent of its 1,000 staff. The cost-cutting...
View ArticleSamsung Ventures’ first investment in Southeast Asia is HR startup Swingvy
Samsung Ventures, the VC arm of the Korean electronics giant, has made its first investment in Southeast Asia after it backed HR startup Swingvy. Singapore-based Swingvy’s service provides HR services,...
View ArticleThunes raises $10M to make financial services more accessible in emerging...
Cross-border fintech continues to be an area of interest for venture capitalists. The latest deal sees GGV Capital — the U.S-China firm that’s backed Xiaomi, Airbnb, Square and others — lead a $10...
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Brankas wants to bring Southeast Asia’s banks and e-commerce into the digital...
Fintech continues to be among the biggest topics driving startups and investment in Southeast Asia. The region’s “internet economy” is forecast to grow massively as its 600 million people increasingly...
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Kargo is disrupting logistics in Myanmar, one of the world’s most challenging...
Founders in Seattle recently bemoaned a lack of capital and support when compared to Silicon Valley — what about those building startups in more remote markets? Kargo, a company that takes the spirit...
View ArticleSingapore passes controversial ‘fake news’ law which critics fear will stifle...
Singapore has passed a controversial bill that could equip the government with extensive powers to police online media and free speech. The bill was first drafted last month and, as had been expected,...
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Singapore’s Grain, a profitable food delivery startup, pulls in $10M for...
Cloud kitchens are the big thing in food delivery, with ex-Uber CEO Travis Kalanick’s new business one contender in that space, with Asia, and particularly Southeast Asia, a major focus. Despite the...
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Seed investor Gree Ventures makes first close of new $130M fund — and...
There’s big news for one of India and Southeast Asia’s longest-running early-stage investors after Gree Ventures, the fund attached to Japanese gaming firm Gree, announced the first close of its third...
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EV startup Rimac scores $90M investment from Hyundai and Kia
Rimac Automobili, the European EV startup that landed an investment from Porsche last year, has again gained the backing of traditional automakers after Hyundai Motor Company and Kia Motors jointly...
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InnoVen Capital, one of Asia’s most prominent venture debt firms, adds $200M...
Founders might not believe it, but managing a venture capital firm isn’t all that dissimilar to a startup. Case in point today: InnoVen Capital, one of Asia’s most prominent venture debt firms, has...
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Alibaba returns to growth with revenue up 51% to $13.9 billion
It’s business as usual for Alibaba after the Chinese e-commerce giant bounced back from a lackluster Q3 — which saw its slowest growth for three years. For Q4, the company saw revenue surge 51%...
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YouTrip, a challenger bank in Southeast Asia, raises $25.5M for expansion
Singapore-based startup YouTrip thinks consumers of Southeast Asia deserve a taste of the challenger bank revolution happening in the U.S. and Europe, and it has raised $25.5 million in new funding to...
View ArticleVertex Ventures hits $230M first close on new fund for Southeast Asia and India
Tis the season to be raising in India and Southeast Asia. Hot on the heels of new funds from Strive and Jungle Ventures, so Singapore’s Vertex Ventures, a VC backed by sovereign wealth fund Temasek,...
View ArticleZipline’s new $190 million funding means it’s the newest billion dollar...
With a valuation of over $1 billion and $190 million in new financing, Zipline has become the latest contender to be the leader in the game of drones. The competition to be a leading vendor of delivery...
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