Asia

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Singapore-Based Digital Health Data Startup Vault Dragon Gets US$1.16M Pre-Series A

Singapore-based digital health data startup Vault Dragon today announced that it has raised S$1.64 million (US$1.16 million) pre-Series A funding co-led by Golden Equator Capital and Raging Bull. The new funding brings the total raised by Vault Dragon to more than S$3 million (US$2.13 million)Vault Dragon cited plans to use the new funding for product-development and regional-expansion.
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IsItUp.com Appointed By AirAsia To Optimize The Management And Lifecycle Of Its Fixed Assets Across All Its Operations

IsItUp.com, an online-platform for tracking and monitoring fixed assets such as computers furniture and office equipment, has been appointed by airline operator AirAsia to optimize the management and lifecycle of its fixed assets across all its operations. IsItUp.com will provide a solution designed to work for an enterprise that covers multiple countries, many locations and is always on-the-go.
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Thailand’s Freshket Raised Funding To Develop Its Platform

Thailand’s B2B online marketplace for food businesses Freshket announced on Sunday that it has raised a six-digit US dollar first round of venture capital (VC) funding. Freshket founder and CEO Ponglada Paniangwet stated that the startup plans to use the funding to develop its platform, which was soft-launched in January. Freshket is also looking toward Vietnam and Indonesia
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Singapore-Based Startup Qourier Has Raised US$626,000

Same-day delivery startup Qourier has raised S$890,000 (US$626,000) seed round to bolster its market share. Qourier will use the newly-raised capital to expand its teams and grow its service, as well as upgrade its platform to include smart notifications/recommendations to increase drivers’ efficiencies, open API integrations, knowledge center. It will also be looking into moving into a bigger office space.
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Grab Announced Today The Launch Of A Coach Service For Singapore Called GrabCoach

Ride-hailing giant Grab announced today the launch of a coach service for Singapore called GrabCoach. This service will allow group travelers and corporate customers to book from a fleet of over 200 buses or vans. These vehicles come in three categories: 13-seater, 23-seater, and 40-seater. The fares are fixed and priced at S$65, S$95, S$150 for a one-way trip respectively.
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Singapore-Based Online Fashion Group iFashion Buys Lifestyle Brand Megafash For $2.2M

Singapore-based online fashion group iFashion announced today it has snapped up clothing, accessories, and lifestyle item online store Megafash for US$2.2 million in cash and shares. iFashion’s services include mentorship, marketing, logistics, warehousing, sales, fulfillment, and financial services for online entrepreneurs who want to reach a wider audience and grow their business.
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Singapore-Based Startup Yojee Has Built Software To Fix Southeast Asian Logistics With AI And Blockchain

Singapore-based startup Yojee has built software that uses artificial intelligence and the blockchain to help logistics businesses coordinate their fleets and make the most out of existing last-mile delivery infrastructure. The system, powered by machine learning, automatically assigns delivery jobs to drivers, reducing the need for a human dispatcher. This lowers costs for logistics-providers and makes deliveries faster for customers.
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Incubator Aarm Of Singapore’s Mediacorp Raised Over US$1.4M In Seed Funding, Opens Application For 2017

Mediapreneur, the incubator arm of Singapore’s largest media company Mediacorp, has announced it has raised over S$2 million (US$1.42 million) in seed funding over two years. In an official press release, Mediapreneur also announced the launch of phase three of its programme. Startups are invited to apply from now till 11.59pm on 5 March 2017.
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Go-Jek Launches A New Hackathon

Indonesian ride-hailing giant Go-Jek yesterday announced a new hackathon programme for open source tech solutions, Go-Hackathon. The competition looks for participants who are Indonesian citizens, with no age or background limitation, to build solutions for “everyday problems” in form of apps, tools, API, or library under three main categories: mobility, data engineering, and infrastructure.
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