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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Shopup raises $1.62 million in seed funding

Shopup, a Bangladesh based fintech startup has been able to raise US $1.62 million from Omidyar Network including angel investors from Facebook, Google, Amazon, Grab and global banks. This funding will be used for developing credit algorithm technology, partnering with ecommerce platforms, logistics support companies and offline collaborators. It is expected that this funding will help them fasten acquisition to
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bike sharing

Chinese bike-sharing platform Hellobike to land investment from SoftBank

SoftBank Group Corp is looking to invest in Chinese bike-sharing start-up Hellobike, people with knowledge of the matter said, as the Japanese conglomerate bets on a market that has struggled with oversupply and tightening regulations. SoftBank will be joined by Chinese private equity firm Primavera Capital among others in a funding round, the sources told Reuters, with one of them
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travel activities App

Alibaba and Line invest in Travel activities startup KKday

Taiwan’s KKday, a startup in the increasingly competitive travel activities space, has pulled in an undisclosed funding round that adds two strategic investors to its business: Chinese e-commerce firm Alibaba and Japanese chat app company Line. KKday was founded in 2015 to help people who travel overseas find and book activities, ranging from tours to tourist attractions, transportation, museums and more. The company said it
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Tink Labs is raising $300M

Tink Labs, a Hong Kong startup that develops smartphones that hotels provide to their guests for free, is raising a new round of up to $300 million to further its international footprint. The startup is in the final stages of completing the deal that could give its six-year-old business a post-money valuation of at least $1.5 billion. It isn’t clear at this
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PressLogic raises $10M from popular Chinese selfie app Meitu

PressLogic, a Hong Kong-based social media content and data analytics startup, announced today that it has raised a $10 million Series A+ round from Meitu, developer of the popular Chinese selfie app. PressLogic will use the funds to launch its new lifestyle brand GirlStyle and enter e-commerce with its proprietary algorithms, which predict what topics will trend on social media
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MassMutual Ventures launches US$50M Southeast Asia focused fund

Boston-based venture capital fund MassMutual Ventures today announced the establishment of its US$50 million Southeast Asia-focused fund MassMutual Ventures Southeast Asia (SEA).
“We made the decision just about a year ago to evaluate expanding into SEA and establishing a dedicated fund here. The primary rationale is just the tremendous opportunity that we see in the last several years, of entrepreneurs forming businesses and
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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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Malaysia Digital Economy Corporation (MDEC) introduces BetaPitch startup competition to SE Asia

Malaysia-based digital agency, MDEC, has announced the introduction of global pitch competition BetaPitch to Kuala Lumpur on November 7. 2018. MDEC works with Betahaus, a Berlin-based co-working space and will kick off with hosting Launchpad to Europe workshop. MDEC mentioned its plan to further the Asian startup ecosystem through the startup competition that is taking place in 12 countries, including in
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New ambulance service introduced by Ezzyr

Ride-hailing service Ezzyr has launched one of the most necessary emergency services on 23 October, 2018. The emergency ambulance service inauguration ceremony was held at Krishibid Institute of Bangladesh with the presence of Asaduzzaman Khan Kamal, MP, Home Minister, Bangladesh. Ezzyr is an international standard app brought by INNOVADEUS Pvt. Ltd which was test-launched back in August, 2017. Not only does
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Huawei invests $23M to support incubating hub in Thailand and India

Huawei had announced the opening of its OpenLab in India with the focus on supporting Indian government rolls out its Smart Cities program and an overall digitization in the country using Huawei’s ICT capabilities. As reported by, Huawei’s new center will function as an incubating hub for Huawei’s India and global market. A total of US$23 million is going
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A new solution to the electricity problem- SOLshare

Free Electrons Accelerator Program has named SOLshare, a Bangladesh based energy startup, World’s Best Energy Startup 2018 and awarded $200,000. SOLshare enables peer to peer electricity trading between off-grid households connected to solar panels. SOLshare allows households to sell their excess energy by growing their network as well as supply and allocation. It also provides data analytics, mobile money payment
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Microsoft purchases code-sharing platform GitHub for $7.5B

Upon approval from EU a week ago, critics argue, Microsoft has cemented its sign of doubling down on courting developers by acquiring GitHub, Git-based code sharing and collaboration service with 31 million developers. The Redmond, WA-based software behemoth first said it would acquire GitHub for $7.5 billion in stock in June of this year, and after the acquisition closed it would continue
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