Singapore

Singapore’s VE Technology raises $21.9M in funding led by Mox Capital

VE Technology Group, a Singapore-based enterprise tech ecosystem, has announced a SGD 30 million ($21.9 million) funding round led by alternative investments think-tank Mox Capital. The firm will be utilizing this fresh injection of funds to expand into neighboring Southeast Asian markets, in preparation for an upcoming initial public offering (IPO) listing…

E-Conomy SEA 2023 report: Southeast Asia’s digital economy is set to hit $100B in revenue

Southeast Asia (SEA)’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7 times as fast as the region’s gross merchandise value (GMV), Google, Temasek and Bain & Company said in a report on Wednesday. According to the 8th edition of the e-Conomy SEA report, despite global macroeconomic headwinds, the region’s GMV…

Carousell partners YouBiz to boost digitalization among startups in Singapore

Two leading homegrown start-ups in Singapore, Carousell and YouBiz, have on Wednesday announced a strategic partnership to help local small and medium-sized enterprises (SMEs) and start-ups accelerate their business growth with digitalization tools and resources.

Gardens by the Bay, Singapore

Empowering excellence: Women at the forefront of cyber resilience

The #cybersecurity industry has historically been characterized as a male-dominated field. This industry has seen a great scarcity of women forging a career within its ranks. In 2021, women made up just 24 percent of the global cybersecurity workforce, despite an industry shortfall of over 3 million professionals. But the landscape is gradually changing.…

SHEIN acquires British women fashion brand Missguided

SHEIN, a Singapore-based online fashion and lifestyle retailer, has announced the acquisition of Missguided, a British women's fashion brand, from Frasers Group. The acquisition furthers the company's efforts to meet customer demand for product variety and consistently deliver an exciting customer experience.

Singapore’s REDEX raises $10M in Series A funding led by Aramco Ventures

REDEX, a Singapore-based renewable energy certificates (RECs) solutions provider, announced Tuesday the successful completion of a $10 million Series A funding round. Aramco Ventures led the investment, along with notable new investors from the Middle East, Southeast Asia, and Japan.

Singapore’s Drive lah raises $5 million in funding led by ComfortDelGro

Singapore-based marketplace for car-sharing Drive lah has successfully secured a $5 million investment round. Singapore-based transport firm ComfortDelGro (CDG) has invested $2 million, establishing them as the lead investor for this round and the preferred fleet partner for Drive lah.

Singapore’s Mesh Bio attains regulatory approval for HealthVector Diabetes

Singapore-founded health technology startup Mesh Bio has announced the regulatory approval of its HealthVector® Diabetes as a Software Medical Device (SaMD) by the Health Sciences Authority (HSA). HealthVector® Diabetes will be involved in an implementation pilot at Singapore General Hospital (SGH), Tan Tock Seng Hospital (TTSH), and selected polyclinics…

DRB-HICOM invests in Carro’s auto fintech subsidiary Genie Malaysia

Edaran Otomobil Nasional Berhad (EON), a wholly-owned subsidiary of Malaysia-listed conglomerate DRB-HICOM, has made a strategic investment in Genie Malaysia, a subsidiary of Singapore-based online used car platform Carro.

Singapore’s YouTrip raises $50M Series B funding to accelerate regional expansion

YouTrip, a Singapore-based multi-currency digital payments platform, has on Thursday announced it has raised $50 million in its latest Series B fundraising round, led by new investor and global venture capital firm Lightspeed. This brings YouTrip’s total funds raised to over $100 million since inception.