Tag Archives: Singapore
Latest Flipkart financials; SBI puts $20M in Pine Labs
Two key units of Flipkart’s India business reported strong revenue growth in FY21, according to regulatory filings. While the unit that runs the ecommerce marketplace saw its revenue grow 32%, the wholesale unit clocked 25% higher revenue for the same period compared to the year before. The growth for the Indian online retail major comes […]
Flipkart's marketplace unit clocks 32% revenue growth in FY21
Bengaluru: Two key units of Walmart-owned Flipkart’s India business—Flipkart India and Flipkart Internet—reported growth of 25% and 32% in revenue from operations in FY21, respectively, according to regulatory filings sourced from business intelligence platform Tofler. The first is the wholesale unit and the second is the marketplace arm. Flipkart Internet’s operational revenue was Rs 7,840 […]
NewQuest, Premji invest Rs 507 crore in startup iD Fresh Food
Bengaluru: Asia’s leading PE firm NewQuest Capital Partners, along with the existing investor, PremjiInvest, invested Rs 507 crore in iD Fresh Food—India’s leading fresh food startup. Early investor Helion Ventures has made an exit with a 10X return, stated the company. Kotak Mahindra Capital acted as the exclusive financial advisor to the company and Helion. […]
7 Metaverse companies in Southeast Asia that caught our attention in 2021
Who would have imagined Vietnamese blockchain game developer Sky Mavis to become a unicorn within just three years of starting up? No one. Not even the founders or its investors. Non0-fungible tokens (NFTs), metaverse, and Web3 were the definite trends of 2021. Many companies operating in these domains attracted eyeballs and investors’ attention. These verticals will continue […]
Fast Forward with HPE!: Helping startups grow through community support
American venture capitalist, well-known author, and entrepreneur Brad Feld once said, “they say it takes a village to raise a child and a startup is not different.” It takes a whole community to raise a successful startup company that can grow, scale, and contribute to a healthy economy, he added. It is true that to […]
Singapore’s Smarter Health raises US$3.8M led by East Ventures for SEA expansion
The Smarter Health team Singapore-based Smarter Health has announced an SG$5.15 (US$3.8) million in Series A fundraise led by East Ventures. Orbit Malaysia, Citrine Capital, HMI Group, and Emtek also co-invested. As per a press statement, the health-tech company will use the funds primarily for product development and market expansion in Southeast Asia. Founded by Liaw […]
Cambodia's digital currency reaches nearly half the population
SINGAPORE — A digital currency run by the Cambodian central bank has been named one of the Awards for Excellence winners of the 2021 Nikkei Superior Products and Services Awards for its innovative technology and impact on the country’s economic and social development, Nikkei announced on Tuesday.
Unnamed firm could be worth $100M; crypto predictions for 2022
Happy New Year! ETtech Top 5 returns to your inbox today after a well-earned break. When Indian startups raised a record $36 billion in 2021 and 39 of them turned unicorns, you may have thought, like we did, “Now I’ve seen it all.” Well, a company that’s still at the idea stage—and doesn’t yet have […]
Telenor to divest Wave Money, exit Myanmar mobile banking
BANGKOK — Telenor, the Norwegian telecommunications operator, has agreed to sell its 51% stake in Wave Money, one of Myanmar’s biggest mobile payment services, to a consortium led by Singapore-listed Yoma Strategic Holdings, its main partner in Wave, Nikkei has learned.
The big venture capital movements in 2021
Mumbai: 2021 was one the most active years for India’s venture capital sector, in terms of funds raised and capital deployed by investors, as ET reported. The year has also been busy with people movement. The churn was largely driven by top executives seeking better opportunities in international investment vehicles or branching out on their […]
Top 10 community articles of 2021 on emerging markets
We all know Singapore is the heart of all the startup action in Southeast Asia. But 2021 has given local ecosystems in emerging economies of SEA a much-needed boost. From all the unicorn action Indonesia to Malaysia’s competitive edge to Vietnam’s youth entrepreneurship; the emerging markets are calling out. The e27 community contributors have encapsulated […]
Singapore partner pulls out of Vietnam taxi joint venture
ComfortDelGro’s taxis are parked at their vehicle inspection yard in Singapore October 9, 2017. Photo by Reuters Singaporean transport firm ComfortDelGro has decided to sell its entire stake in the Vietnam Taxi Company to a local company and pull out of Vietnam. Under a deal it has signed, it will transfer its 70-percent stake in […]
Vietnamese carriers open ticket sales for international flights
By Doan Loan  December 29, 2021 | 04:30 am PT A Vietnam Airlines aircraft seen at Noi Bai International Airport in Hanoi. Photo by VnExpress/Ngoc Thanh Vietnam Airlines and Bamboo Airways have opened ticket sales to several locations including the U.S., Japan and Taiwan, signalling the resumption of international travel on New Year’s day. National […]
China lays out five-year plan to be global robotics hub
China has unveiled a five-year plan to drive its ambition of becoming a global innovation hub for robotics by 2025. It hopes to get there by focusing on enhancements in key components such as servomotors and control panels. In releasing the five-year roadmap, China’s Ministry of Industry and Information Technology on Tuesday said operating income […]
Teachmint acquires video engagement platform Airlearn to expand developer offerings
Mumbai: Education infrastructure startup Teachmint on Wednesday announced the acquisition of Airlearn, a video engagement platform for education businesses, in a cash-and-stock deal to expand its developer offerings. With this deal, Teachmint strengthens its developer offering called Teachstack, enabling edtech companies across the globe to build state-of-the-art classroom solutions for their users, the company said […]
Softbank-backed industrial robot maker YouiBot raises $47 million
YouiBot, a Chinese industrial mobile robot maker, announced Tuesday that it has received more than RMB 300 million ($47 million) in two additional funding rounds of Series B, led by venture capital firm FG Venture and private equity company Xicheng Jinrui respectively. Why it matters: The investment highlights the funding trend for industrial robotics manufacturers, […]
Softbank-backed industrial robot maker YouiBot raises $47 million
YouiBot, a Chinese industrial mobile robot maker, announced Tuesday that it has received more than RMB 300 million ($47 million) in two additional funding rounds of Series B, led by venture capital firm FG Venture and private equity company Xicheng Jinrui respectively. Why it matters: The investment highlights the funding trend for industrial robotics manufacturers, […]
Top 10 community articles of 2021 on entrepreneurship
As we slow down for the holidays and wrap this year with a bang, I wanted to leave you with enough food for thought. Kicking off the e27 community wrap up series with the Top 10 community articles for founders. If you are a founder everything from funding to cap tables to hiring to company […]
Southeast Asian startups to watch in 2022
As someone who covers Southeast Asia startups and funding stories, the best word I can think of to describe 2021 is “whoa!” This was the year that global investors not only started to pay close attention to the region’s tech ecosystems, but also began putting real money into them. Backed by international LPs, Southeast Asia-focused […]
Top news that grabbed the headlines in SEA startup scene in 2021
The Gojek-Tokopedia merger was the biggest event of 2021 The year 2021 has been challenging for the startup world. With the spectre of the COVID-19 pandemic still lurking, many businesses had to cease operations that affected millions of jobs worldwide. However, amidst all this, the startup world also witnessed some positive developments — the birth […]
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