2015 was marked by challenges, but saw major developments on the startup front 2016 might be a year of consolidation, aggregation and rationalisation for startups IT’S January 1, and while some of us are suffering from hangovers, most of us will be setting out New Year’s resolutions and looking ahead.
Vanitee, which describes itself as the ‘Airbnb of beauty and wellness services,’ said it has successfully raised S$3 million (US$2.13 million) from serial entrepreneur Ivan Lee and Japanese beauty portal @cosme.
Burpple, a digital guide to eating places in Singapore and Kuala Lumpur, said it will receive up to US$6 million in funding (approximately S$8.4 million) from Tembusu Partners, SPH Media Fund and Triumph Capital.
Launched in May, Singapore-based Page Advisor has now also expanded to Malaysia, targeting what it describes as the home and lifestyle services segment.
Singapore-headquartered e-commerce fulfilment company Anchanto said it has successfully completed a Series B round and “created an alliance” with Transcosmos Inc of Japan, but did not disclose the amount.
Institutional investors and high net worth individuals have an entire army of analysts ready to inform them when a target price has been hit. The average retail investor now has Call Levels to back him or her up.
GiveReceipt, which describes itself as Asean’s first e-receipt platform and only launched three months ago, has been awarded an RM500,000 grant by Cradle Fund Sdn Bhd under the CIP 500 programme.
The Malaysian Government’s venture capital arm Malaysia Venture Capital Management Bhd (Mavcap) has invested RM2.95 million (US$690,000 at current rates) in social crowdfunding platform SimplyGiving.com.
Singapore-headquartered Mobikon, which operates a marketing platform for the F&B (food and beverage) industry, said it has raised funding from Life.Sreda and Qualgro, in line with its plan to “aggressively expand” in South-East Asia. The amount was not disclosed.
MyRepublic said it has raised S$23 million (US$16 million) in capital, with Brunei’s leading telecommunications provider DST a major investor in the current round.