"2018 was a year of continued growth and new breakthroughs for Southeast Asia’s tech startup ecosystem.... Although Singapore led in terms of total amount of startup funding recorded this year, Indonesia’s average deal sizes overtook that of Singapore. This is because the country had far fewer deals and the huge investment deals raised by its two unicorns – GOJEK and Tokopedia – managed to skew the average deal size per startup to a whopping US$220 million. Of course, the 327
With its thriving ecosystem and startup friendly business environment, Singapore is poised to produce the next game changing unicorns. "Singapore is currently home to four prime unicorns – Grab, Sea, Lazada and Razer – which have a combined market value of US$20b out of the 10 unicorns produced in Southeast Asia, according to a report by Bain & Company... Who are Singapore’s potential unicorns? A separate report from Tech Collective cited how online property platform Property
"Singapore’s strengths lie in its conducive business environment and advanced tech ecosystem Claudia Hyun, Senior Manager of Global Acceleration Division of GCCEI For decades, government agencies from across the world have been drawn to Singapore, owing to its renowned status as a sturdy regional financial and tech hub. A good example would be South Korea. It shares strong diplomatic relations with Singapore and they have long been bosom trade partners. Both countries also ac
To kick off the new year, join us for an exclusive networking event for lawyers & legal professionals who want to adapt to the evolving legal marketplace and explore flexible yet fulfilling work arrangements! The party will be held at the beautiful "The Executive Centre Lounge" on Tuesday 15 January 2019. There will be nibbles, drinks and fun conversations among legal professionals looking to be part of the new ecosystem. To RSVP and to learn more, click here.
"SINGAPORE venture capital firm Trive Ventures, formerly known as Tri5 Ventures, has unveiled a blockchain accelerator aimed at later-stage startups, with the backing of a government agency here. Its six-month Tribe Accelerator programme will emphasise product development and the mass adoption of blockchain, with decentralised applications or back-end digital solutions that tap distributed ledger technology, said the South-east Asia-focused investor on Tuesday. Eight startups
"Enterprise Singapore, the government agency for supporting startups, will be signing Memorandum of Understanding (MoU) with Vietnam’s National Agency for Technology Entrepreneurship and Commercialization development (NATEC) to help build ecosystem for new tech ventures in both countries. 'This MoU aims to establish a collaborative relationship among our startups, ecosystem builders and tertiary institutions,' said Peter Ong, chairman, Enterprise Singapore. 'This partnership
"SINGAPORE -- Honestbee, operator of an online grocery delivery app in eight Asian countries and regions, plans to open cashless offline stores in three overseas markets next year, according to CEO Joel Sng. The move offline is aimed at helping traditional retailers counter the growing threat from big e-commerce companies in the region, led by Amazon.com and Alibaba Group Holding. Honestbee opened its first bricks-and-mortar supermarket in Singapore in October." We are going