Stories By: Tech In Asia (63 Articles Found)

Filter
  • Filter Articles By

  • Date Range

  • Categories

    • Select Category

  • Articles

    • Select Type of Articles

  • Topic 1

    • Select Topic 1

Singapore-based solar energy provider Sunseap secures series E funding

Sunseap Group said it has secured its series E round from Dubai conglomerate Dutco Group. Dutco operates in construction, integrated modular technology solutions, manufacturing, real estate, oil and gas, freight and logistics, and hospitality sectors. The investment comes…

NUS, Johnson Controls invest $3.7m for smart buildings research in Singapore

NUS and Johnson Controls focusing on smart, healthy, and sustainable buildings, will embark on a collaboration to carry out research on smart buildings. Under the partnership, Johnson Controls will commit about S$5 million into the research program, and…

Singaporean plant-based meat firm bags $10m seed money from Temasek, others

Buttermilk-fried burgers, shawarmas, and satays made out of plant-based chicken are now popular items on the menus of most restaurants in SEA. This is due to the efforts of the meat-substitute market to lure non-vegetarians who have concerns…

Tesla nears final approval to sell its cars in Singapore, source says

Tesla cars could be on Singapore’s roads in as early as two weeks. The EV maker has received a pre-delivery inspection approval from LTA, according to a source who was at the inspection centre. This is one of…

Using clean energy to power change in the data centre industry

What do FB, WhatsApp, Netflix, and Zoom have in common? These platforms feed our insatiable appetites for entertainment, information, and instant connectivity. But every action we take on these services releases several grams of carbon dioxide into the…

NUS creates aerogel that converts air into drinking water

NUS announced that it has created a type of aerogel, which can extract drinking water from air without any external power source. The NUS researchers published their creation in the Science Advances journal in Oct last year and…

Singapore co-living startup Cove raises $4.6m in Keppel Land-led round

Co-living platform Cove has raised over US$4.6 million in a series A funding round led by Keppel Land. Idinvest Partners, a unit of private equity firm Eurazeo, has also joined the funding round with existing investors including Antler,…

Delving into Singapore’s smart-city startups and the funds flowing into the sector

In 2014, Singapore launched the Smart Nation initiative. And over the last six years, the country has been building up its startup ecosystem as part of this drive. Startups by their nature are in the business of disruption…

Property startup 99 Group acquires Singapore Real Estate Exchange

Southeast Asian property startup 99 Group announced that it has acquired Singapore SRX, a property platform and real estate data provider in Singapore. With the agreement finalized on Nov 7, 2020, 99 Group will acquire all of the…

Lazada, Dot Property founders back Singapore proptech firm in seed round

Homegrown proptech firm Propseller said it raised S$1.7 million in its seed round of funding. Investors in the round include Iterative, Hustle Fund, XA Network, Rapzo Capital, Lazada co-founder Stein Jakob, Dot Property founder Ben Neve, three undisclosed…

Early PropertyGuru backers cut stakes following TPG, KKR investment

“Indonesian media group Emtek has ceased to be an investor in PG, having divested its shares as part of the online realtor’s recent funding rounds,” DealStreetAsia reported. According to filings with ACRA, TPG Asia VI SPV has become…

Singapore’s Shiok Meats nets $12.6m series A money

Shiok Meats, a cell-based meat company, today announced that it has raised US$12.6 million in a series A funding round led by sustainable aquaculture-focused investment fund Aqua-Spark. Seeds Capital, Japan’s Real Tech Fund, South Korea’s tech investing family…

Is Covid-19 fueling the ecommerce surge in Singapore?

While Covid-19 has caused major disruptions in Singapore, many ecommerce players in the country stand to benefit. The sector received a surge in transactions for both essential and discretionary items in the past few months as the pandemic…

PropertyGuru banks $220m from TPG, KKR

PG said it has raised S$300 million in recent funding rounds from global investment firms TPG and KKR (through the KKR Asian Fund III). The investment comes as the regional proptech major logs 24% year-on-year growth in revenue,…

Hmlet invests in property listing tech amid its asset-light shift

Singapore-based co-living firm Hmlet is ramping up its investments in technology aimed at digitizing the property lending market. The Sequoia-backed startup has developed a property and lifestyle platform that helps landlords better run their businesses. Called Hmster, the…

Uber to shut down regional headquarters in Singapore

Uber is shutting down its APAC hub in Singapore as it winds down 45 offices globally and lays off 3,000 more employees in a business resizing exercise. “Over the next 12 months, we will begin the process of…

PropertyGuru steps into home finance with mortgage marketplace

PG announced that it has launched an online mortgage marketplace, PropertyGuru Finance, as it expands into providing home financing services. Through collaborations with relevant industry stakeholders, PropertyGuru Finance will offer digital home financing services such as instant in-principle…

Grab launches first cloud kitchen in Singapore amid GrabFood expansion

Grab has opened its first cloud kitchen in Singapore as part of the company’s 2020 expansion strategy for its food delivery service GrabFood. GrabKitchen offers merchant-partners a platform to introduce new food concepts and brands. In addition to…

Singapore’s PropertyGuru targets $257m IPO in Australia

PG, one of SEA’s leading property technology companies, announced today it has lodged a prospectus with the Australian Securities and Investment Commission for an IPO that could potentially raise A$363 million (US$257 million). Founded in 2007, PG operates…

We built a machine learning model that can estimate property values in Singapore

Estimating a property’s value can be a tricky business. You could look at its features (size, year built, or available amenities), compile the neighbourhood’s statistics (population or median household income), or monitor economic indicators of the country’s housing…

Microsoft co-founder’s Vulcan Capital commits $100m for SEA, opens Singapore office

Vulcan Capital, the investment arm of late Microsoft co-founder Paul Allen, has opened its first intl office in Singapore, committing US$100 million into investment opportunities in SEA. Founded in 2003, Vulcan Capital backs both private and public companies…

SG Bike set to acquire Mobike’s Singapore license

Singapore’s SG Bike has agreed to take over Mobike’s bike-sharing operator’s license in the city-state, pending regulatory approval. Mobike will transfer its operator’s license, as well as its bicycles and users, to SG Bike, should LTA approve a…

Semiconductor giant launches co-working space in Singapore

Infineon Technologies opened its first global Co-Innovation Space to help startups quickly create prototypes or viable semiconductor solutions for commercial showcase. The first of its kind for the company, this 250-sqm area at Infineon’s APAC headquarters in Singapore…

Grab unveils bike- and scooter-sharing app in salvo against Mobike and Ofo

Grab is about to launch an app that will allow consumers to hire bicycles and electric scooters from a variety of providers. GrabCycle Beta will integrate offerings from oBike, GBikes, Anywheel, and Popscoot. It will be piloted on…

How driverless car startup NuTonomy is building the future of transport

Picture this. It’s a Mon morning in sunny Singapore, and you’re getting ready for work. Before you leave the house, you pull out your mobile phone and hail for a vehicle. Minutes later, a one-seater driverless pod pulls…

WeWork opens its first Singapore venue but has more co-working spaces coming soon

Co-working dynamo WeWork has been hotly anticipated in SEA. The local ecosystem was jazzed to see the US company acquire Singapore-based Spacemob in Aug, preempting its arrival in the region as part of a US$500 million investment that…

Grab launches hawker center cashless payments as part of big play beyond transport

Ride-hailing firm Grab officially launched its in-store cashless payments solution today, marking its biggest move yet outside of the transportation segment. Grab said it’s aiming to make its GrabPay cashless payments platform available to 20,000 cash-based merchants operating…

OBike rolls out geofencing to address illegal parking concerns

Singapore-based oBike has introduced “geofencing” in a move designed to address local authority concerns about unused bicycles obstructing rights-of-way and cluttering public spaces. Going live on oBike’s mobile app today, geofencing enables users to leave bikes in designated…

Urban farming startup raises $1.5m to curb Singapore’s reliance on imported food

Packet Greens, a Singapore-based startup which couples hydroponics technology with automation to make urban farming more efficient, has raised US$1.5 million in funding from government-related venture capital firm SPRING SEEDS Capital and cleantech-focused fund Trirec. The company employs…

Winners and losers in Amazon’s entry into SEA

After a long wait, Amazon has finally landed in Singapore, with this week’s launch of its two-hour delivery service Prime Now. While it’s tight-lipped about any plans to expand beyond the city-state, the rollout is believed to be…

Sign In to Bookmark This Story

Sign In with Google