In news of startup expansion in the region, Cialfo has established an office in Shanghai while Arcstone is expanding its regional footprint even as Telepod has closed a round of funding that will see it launch its scooter sharing service next year.
By Shiwen Yap
Online full-stack food delivery service Grain has closed an undisclosed pre-Series B round led by NSI Ventures.
Edtech startup Cialfo has closed a pre-Series A investment from Govin Capital and a syndicate of angel investors led by Koh Boon Hwee
The MDA-IDA merger reflects a move to consolidate the funding schemes for Singapore startups, though may have unexpected effects. Their assets will be merged to form the Info-communications Media Development Authority and Government Technology Organisation. The current MDA CEO Gabriel Lim will head IMDA, while current IDA managing director Jacqueline Poh will head the GTO.
LatestOne.com, an online store for tech accessories, has received nearly $3 million (Rs 20 crores) in additional funding from its publicly-listed parent company Palred Technologies Limited (PTL), according to a statement. This takes the total funding raised by the Hyderabad-based startup so far to about $7.5 million (Rs 50 crores). The… Read more »
Singapore-based fintech startup Call Levels, that provides real-time financial monitoring and alert services, which are designed to help traders monitor financial assets price movements easily on mobile, Tuesday announced it had close a pre-series A round led by 500 Startups. A consortium of angel investors also joined the round, including… Read more »
Independent game developer Daylight Studios, a studio based in Singapore, has successfully raised $704,000 in a series A funding round led by Raffles Venture Partners and various angel investors. Amongst the angels is former Singtel Chairman Koh Boon Hwee, who previously invested in Singaporean gaming peripheral maker Razer. More recently, Koh invested in the seed… Read more »