Founded in July 2013 and launched in October 2015, Tripfez generates revenue by buying room nights from hotels and wholesalers for a nett price and selling it at a higher price. It also intends to make money through its Salam Standard membership programme that features hotels that are Muslim-friendly, which is currently free for all to use.
“What we see in Plunify is something well ahead of current solutions in terms of the innovation and problem-solving capabilities that the company is bringing to market,” said Shahril Anwar, CEO at KMP.
The healthy snacks company will use the new funds to increase its headcount and product offerings. In return, it hopes that these efforts will help to bring in new customers and retain existing ones.
“It’s a big day for us, it’s a big day for Singapore,” said Ryan McInerney, President at VISA, at the official launch this morning. As the world becomes increasingly focussed on being mobile-first, the company finds that it is important to look at the way people interact with their devices to see how it can get involved with the conversation.
iFashion Group intends to continue acquiring other brands in the region to become the largest online and fashion group in Southeast Asia, from offline to online and fast-moving fashion to luxury goods, and within the secondhand market as well.
Taiwan-based electronics manufacturer HTC Corporation has announced its plans to commit $100 million to launching a virtual reality-focussed accelerator programme.
Mitchell Kim tells DEALSTREETASIA about his thoughts on investments in the e-commerce sphere in China and Southeast Asia, how he sees cryptocurrency, and the role of telcos in today’s ever-changing technology landscape.
China Dealbook: Innovation Works’ fund adds $15m from IFC, Prometheus Capital leads $7m Series A round
World Bank-owned IFC has committed $15 million to a fund under Innovation Works, and Prometheus Capital has invested $7.7 million into mouse maker company Renhuang Sky
In Ku Kay-mok’s eyes, venture capital is a long term game. Based out of Singapore, Ku Kay Mok, Partner at Gobi Partners, talks to DEALSTREETASIA about his thoughts on entrepreneurship, diversity and how he looks at chaos in China.
Three Singapore-listed companies — Heeton Holdings Limited, KSH Holdings Limited, and Lian Beng Group Ltd — have acquired Holiday Inn Express, a hotel property in Manchester, UK, through a joint venture firm Prospere Hotels Pte Ltd. This is the fifth joint acquisition in the UK by the three companies.