Kuala Lumpur-based hyperlocal logistics company NeonRunner intends to raise US$3 million in its next round of funding, and having learned its lesson from the plunge of the ringgit, is seeking it in the greenback.
Malaysian ‘digital concierge’ startup Helpr, which has developed a text-based multi-channel personal assistant, said it has raised an undisclosed amount in seed funding from 500 Startups.
Adding to the excitement of Tuesday’s What’s Next, 500 Startups is going to present the results of its pioneering study of 500 of the world’s largest PLCs writes Karamjit Singh.
Jakarta-based online grocery company HappyFresh said it has completed a Series A funding round led by Vertex Ventures, the venture arm of Singapore’s Temasek Holdings, and Sinar Mas Digital Ventures, the venture arm of Sinar Mas Group of Indonesia.
CatchThatBus, a bus-ticketing platform, has received a US$1.5mil pre-Series A round, with the founders aiming for a much bigger round, writes Karamjit Singh.
MotionElements, a microstock marketplace for video makers, said it has raised an undisclosed amount in pre-Series A funding, led by KK Fund (Singapore) and joined by Incubate Fund (Japan) and 500 Startups.
Automotive portal Carsome, which connects car buyers to dealers, said it has raised US$350,000 in its first round of funding, from 500 Startups and IdeaRiverRun (IRR).
Singapore, known as an Asian launchpad for multinational companies in the 1990s, is quickly becoming one for startups in the 2010s – at least, according to the Singapore Startup Ecosystem and Entrepreneurial Toolbox prepared by 500 Startups' Arnaud Bonzom.
How much focus should be on the cost of public sector development programmes versus the expected impact from such programmes? The 500 Startups Distro Dojo accelerator programme in Malaysia supported by MaGIC causes Karamjit Singh to ponder this question.
500 Startups’ Khailee Ng sees the beginnings of a feeding frenzy in South-East Asia, similar to what the Indian startup scene is experiencing today. His Distro Dojo accelerator is hoping to catch the wave, in partnership with Malaysia’s MaGIC, writes Karamjit Singh.