LATEST NEWS

Singapore's RedDoorz hotel chain raises $70m as Rakuten jumps in
August 20, 2019

JAKARTA -- RedDoorz, a Singapore-based hotel startup focused on Southeast Asia, has raised $70 million from investors, including Japanese e-commerce leader Rakuten, as it gears up to take on...

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Decoding VG Siddhartha's letter: Which private equity partner forced CCD founder to buy back shares?
July 31, 2019

In a letter to the company's directors and employees, the Chairman of Coffee Day Enterprises VG Siddhartha said that he has "given up" in the face of pressure from one of the private equity partners t...

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Honestbee announces appointment of new CEO, departure of co-founder and CTO
July 29, 2019

SINGAPORE - Grocery and delivery start-up Honestbee has announced the appointment of its new chief executive, close to three months after former CEO and co-founder Joel Sng stepped down from the compa...

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Trax gets US$100m funding to become Singapore's second unicorn after Grab
July 23, 2019

SINGAPORE - Image recognition technology firm Trax, a start-up that is backed by GIC and US private equity giant Warburg Pincus, said it has raised US$100 million (S$136.2 million) in its latest fundi...

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Ho Chi Minh City joins Singapore's network of innovation hubs
July 18, 2019

STARTUPS in Singapore hoping to tap into Vietnam’s emerging innovation scene can now get a leg-up with the expansion of the Global Innovation Alliance (GIA) to Ho Chi Minh City. The GIA is a net...

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Southeast Asia VC funds on track to raise over $4.2bn
July 18, 2019

SINGAPORE -- More than 35 venture capital funds with a complete or partial focus on Southeast Asia are currently in the market to raise over $4.2 billion, VC announcements and DealStreetAsia data show...

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