Startup

Avarga to acquire 23.08% stake in urban farming startup Archisen for up to $1.5 mil
SINGAPORE (June 29): Avarga, formerly known as UPP Holdings, is acquiring a 23.08% stake in Archisen for a cash consideration of up to $1.5 million in three separate traches. Archisen is a Singapore-based startup that designs, develops and operates urban farming systems by employing Internet of Things, automation and data analytics. Archisen’s existing shareholders are Clarence Tan Kum Wah ...
AI healthcare startup UCARE.AI secures $8.2 mil funding
SINGAPORE (May 16): UCARE.AI, a Singapore-based artificial intelligence (AI) healthcare startup, has recently concluded its Series A funding, bringing total investment to $8.2 million to date. The Series A global investors included VC firm Walden International, insurance group Great Eastern, Singaporean investor and philanthropist Peter Lim, as well as law firm WongPartnership’s startup ...
China's Meituan said to acquire Mobike for US$3 bil
(Apr 4): Meituan Dianping, the Chinese food review and delivery giant, is close to acquiring Mobike in a deal that will value the three-year-old bike-sharing startup at about US$3 billion ($3.9 billion), according to people familiar with the matter. Meituan plans to buy full control of Mobike and allow Mobike’s current management and chief executive officer to keep operating the business as ...
This vegetable-selling startup's just been valued at $3.7 billion
(Jan 12): Meicai, a China startup that helps farmers sell vegetables to restaurants, has raised US$450 million ($598 million) in a funding round led by Tiger Global Management and China Media Capital, according to people familiar with the matter. The Beijing-based startup raised the money at a valuation of about US$2.8 billion ($3.7 billion) as it seeks to expand in the costly fresh-foods ...
Spackman invests $306,000 in Korean film production startup
SINGAPORE (Nov 16): Spackman Entertainment Group says that it has invested KRW250 million ($306,000) in the seed financing round for The Makers Studio, a Korean film production startup. Once the investment is completed, Spackman will own 20% of the equity interest in The Makers Studio. The Makers Studio is established by three Korean entertainment industry veterans: Kim Ok‐hyun, Choi ...
This Japanese startup now lets anyone hold a personal IPO
(Sept 21): Nuko Numano is a cosplayer in Japan who regularly hosts livestreams for her fans, but only to a select few who own five of her shares priced at US$38 ($51) apiece. That seems like a bargain, considering they were trading for as much as US$585 in July. The 23-year-old, who dresses up as anime characters and bunny girls, is one of 60,000-plus users on a Japanese startup called Valu ...
3 tech trends to change SME growth in 2017 and beyond
SINGAPORE (March 24): Using technology creatively to manage the business back-end can enable even the smallest start-ups to compete on the regional and even the global stage. While government assistance can help in easing the costs around technology adoption, business builders need to be proactive in keeping abreast of the latest trends and be more digitally-aware of how they can impact their ...
NTU invents ultrafast camera for autonomous vehicles
SINGAPORE (Feb 16): Scientists from Nanyang Technological University (NTU) have developed an ultrafast high-contrast camera that could help autonomous vehicles and drones “see” better in extreme road conditions and bad weather. Unlike regular optical cameras, NTU’s Celex will not be blinded by bright light and is able to make out details in the dark. It is also able to record the ...
Singapore plans to ease VC rules to promote startup financing
SINGAPORE (Feb 15): Singapore is proposing to ease regulations for venture capital managers in a bid to promote financing for startup development. Under a consultation paper published by the Monetary Authority of Singapore Wednesday, new and existing VC managers won’t be subject to the same capital requirements and business conduct rules that currently apply to fund managers in general. The ...
Local co-working startup Spacemob announces $7.9 mil in seed funding
SINGAPORE (Nov 23): Spacemob, a co-working startup based in Singapore, today announced the closing of a record US$5.5 million ($7.85 million) seed funding round. This represents “the largest seed funding round figure ever recorded in Southeast Asia”, announces the company in a Wednesday release. In October this year, Spacemob launched its first local co-working space on Claymore Hill ...