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…
November 1, 2023
News,Singapore,Digital Transformation,SEA
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…
November 1, 2023
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.
November 1, 2023
Singapore,TNGlobal Q&A and Interviews,Cybersecurity
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.…
November 1, 2023
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.
October 31, 2023
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.
October 31, 2023
News,Asia,Singapore,Transportation
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.
October 27, 2023
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…
October 27, 2023
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.
October 26, 2023
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.
October 26, 2023