Not surprisingly, DNA founder Karamjit Singh’s thoughts this week revolve around Joel Neoh and what he brings to the table with his latest foray into the startup world, while those of you in Malaysia, Thailand and Singapore may want check out the broadband affordability story.
Keeping fit is what has got Joel Neoh excited enough to base his new startup KFit on it. Not only is the market size large, he also sees a greater purpose – to help raise fitness and by association, health levels across Asia Pacific. And for starters, he believes he has possibly raised the largest pre-seed funding round in Asia.
In his first interview after his deal to sell off the Internet assets of JobStreet.com for US$582 million, Mark Chang speaks to DNA founder Karamjit Singh in New York about his excitement in building the next 10 hot ‘billion-ringgit’ startups.
FoodPanda has announced a new funding round of US$100 million, led by Goldman Sachs. Existing investors, among them Rocket Internet SE, also participated in the round.
Singapore startup Present app announced it has raised S$500,000 (US$370,000) from investors such as James Teo, executive chairman of Eastgate Technology; and Bobby Lim, executive director of Tai Sin Electric, among others.
The Philippines is shaping out to be South-East Asia’s video-on-demand (VOD) battleground with the Catcha Group subsidiary iflix securing US$30 million, in an investment round led by Catcha itself and the Philippine Long Distance Telephone Company (PLDT).
ASX-listed e-commerce company Ensogo Ltd has managed to raise another A$38 million (US$29.7 million) from institutional investors, by issuing 183 million new shares.
AirAsia cofounder Tony Fernandes and his partners have launched incubator-accelerator Tune Labs to get into the sexy startup space, but expect him to pay close attention to the business fundamentals too, writes Goh Thean Eu.
Copying business models that have worked elsewhere sometimes makes sense, but you must do it right: Make sure you understand what you’re copying, and more importantly, whether it will work here, writes Justin Hall.
Investments in the ICT, energy and healthcare sectors by venture capital, private equity as well as strategic investors (through mergers and acquisitions) outperformed the others in 2014, according to Frost & Sullivan.