BIGO to invest $100 million in India

BIGO Technology, a Singapore based internet company, is planning to expand its operations to India as well as investing around $100 million in India. It currently has its existence in Southeast Asia with live streaming platform BIGO live and video editing and sharing platform LIKE. With its footstep in India, BIGO will have 20 regional offices and 4 regional centres by
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Singapore startup, Ark, gets funding to ‘eliminate late-stage cancer’

After eight years in development, a Singapore startup is preparing to launch its cancer-testing kits. The team’s vision, says co-CEO Dr. Zhou Lihan, is “a world without late-stage cancer.”
“Late diagnosis is really why the prognosis of cancer patients are so poor today,” explains Zhou. He adds that for many cancers, “if they are discovered at the early stage, the five-year
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Grab, NUS trial e-scooter sharing service, GrabWheels

A three-month trial has begun for Grab's e-scooter sharing service GrabWheels at the National University of Singapore's (NUS) Kent Ridge campus. E-scooters have been deployed across eight parking stations on campus in the pilot, which sees the new GrabWheels service being tested for the first time in Singapore, Grab said in a joint news release with NUS on Friday (Nov 23). The number
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New age WeWork Labs will not take equity in exchange for mentorship

With the goal of helping early-stage entrepreneurs move into the next stage of their startup journey, WeWork officially launched its ‘Labs’ programme in Singapore today, marking its first foray into Southeast Asia. The programme — which cannot be compared to an accelerator or incubator — is a for-pay programme that does not take any equity and works like a bespoke
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SG-based crypto platform KuCoin secures $20M funding from IDG, Matrix Partners

Singapore-based cryptocurrency platform KuCoin on Wednesday announced that it has secured $20 million in equity funding from IDG Capital, Matrix Partners and Neo Global Capital. The financing will help KuCoin expand its global presence, bolster its research capabilities and train staff.
“The combined forces of IDG Capital, Matrix Partners, and Neo Global Capital will help KuCoin grow substantially, expand understanding and
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singtel innov8

Singtel Innov8 invests $26M in US-Based Shape Security

Singtel Innov8, the venture capital arm of Singaporean telecom firm Singtel, has backed the $26-million funding in Shape Security, US-based startup that provides security technologies for web and mobile applications. The growth capital round brings Shape Security’s total funds raised to $132 million, with the latest round led by Norwest Venture Partners and joined by JetBlue Technology Ventures. Existing investors Kleiner
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KKR invests S$200M in Singapore’s PropertyGuru

Singapore based PropertyGuru Group, which operates real estate portals and apps in Southeast Asia, said on Wednesday (Oct 31) it has secured a S$200 million investment from private equity firm KKR & Co as it seeks to grow its services. Singapore-based PropertyGuru will use the funds to take full ownership of Vietnamese property portal, in which it already owns a stake, to expand
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Singapore power group

Singapore Power introduces marketplace to trade renewable energy credits

Singapore Power Group (SP Group) has launched a marketplace that will allow businesses to buy and sell renewable energy credits (REC). RECs are essentially green energy sources, such as electricity generated by solar power. The idea is that by purchasing these credits, companies who will able to wean off their reliance on fossil fuel sources and reduce their carbon footprint;
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Grab raises another $200M from U.S. market

Singapore-based ride-hailing major Grab has raised $200 million in fresh funding from parent company, Booking Holdings, the startup announced on Monday. As part of the deal, NASDAQ-listed Booking Holdings will offer Grab’s on-demand transport services through its apps and allow users to pay via GrabPay. The investment is part of a $3-billion ongoing funding round that Grab is seeking to
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Go-Jek’s pre-registration portal open for Singapore

As part of expansion to Southeast Asia’s Singapore, Go-Jek has officially announced that it has launched a portal for drivers in Singapore to pre-register their vehicles to its platform prior to the launch of the service in the city-state. In an official statement, Go-Jek said that, over the coming weeks, interested drivers who provide their contact details will receive notifications from
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Yogyakarta and Bandung to be added to NUS Enterprise’s BLOCK71 as entrepreneurial hub

In cooperation with conglomerate-owned company Salim Group, National University of Singapore (NUS) Enterprise has announced its latest additions to Singapore-based entrepreneurial hub BLOCK71 in Yogyakarta and Bandung. The two additions are an immediate following on the establishment of BLOCK71 Jakarta in July last year. Both BLOCK71 in Yogyakarta and Bandung look to support innovation and entrepreneurship development in their respective locations,
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CMED Health Wins The HEAD Foundation Innovative Social Enterprise Award at SVC 2018

CMED Health, the Dhaka-based preventative healthcare startup and a portfolio company of Startup Dhaka has won The HEAD Foundation Innovative Social Enterprise Award at the DBS-NUS Social Venture Challenge Asia (SVC Asia) 2018. It is a six-month long competition, jointly organized by NUS Enterprise, the entrepreneurial arm of the National University of Singapore, and DBS Foundation. As part of the
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Israeli startup builder Team8 secures investment from Temasek for cyber security fund

Temasek Holdings has invested in an $85-million cybersecurity venture fund raised by Team8, an Israeli cybersecurity think-tank and startup builder. The announcement comes a week after the Singapore state investment firm acquired cybersecurity firm Sygnia incubated by Team8 for $250 million. Set up by former officials of Israeli Defense Force’s Intelligence Unit 8200, Team8 is a combination of a think tank, startup incubator and venture fund.
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NTU’s enterprise wing collaborates with Startup Accelerator India

Govin Academy’s Startup Accelerator India (SAI) has signed an agreement with NTUitive Pte Ltd, the innovation and enterprise arm of the Nanyang Technological University (NTU). Three of SAI’s promising startups have been selected to be futher accelerated in Singapore’s Sunrise Incubation Tower for the next three to six months. The partnership geared toward forging stronger ties between the Indian and
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NUS rolls out entrepreneurship friendly scholarships

Speaking of innovation, National University of Singapore (NUS) has introduced scholarships for first year undergraduate students who are keen on starting their own venture upon graduation. The scholarship will cover tuition fee and living expenses for four years of undergraduate studies and allows recipients to apply for seed funding of up to S$50,000 for their start-ups, upon graduation. Awardees will also
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