SHT launches S$4 m initiative for SG startups China foray

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Singapore HealthTech (SHT) has launched a S$4 million initiative to help Singapore-based startups expand into overseas growth markets, mainly China. Acting as a platform, VentureCraft, provides services like, access to overseas distribution channels, intellectual property (IP) protection, claims, administration and legal advice. In essence, entrepreneurs contemplating a foray into China can… Read more »

Raffles to raise $20.8 m via OUC’s HK listing

Singapore headquartered private education provider Raffles Education Corp plans to raise HK$120.6 million ($20.8 million), by listing its subsidiary in Hong Kong. Last month, Singapore-listed Raffles Education had received in-principle approval from the Stock Exchange of Hong Kong for listing its subsidiary Oriental University City Holdings. Prior to that, it… Read more »


SG Roundup: Sirrus VC, BlueHill Asset Management

India and China continue to be the focus of many Singapore-based venture capital (VC) firms as they look to grow their portfolio in emerging markets.  For some of these VCs, their investments range from a company referred to as ‘Uber for logistics’ to the remittance business for a mobile commerce… Read more »


JTC’s Block 71 takes root in San Francisco

Since it’s mention by The Economist magazine as the “world’s most tightly packed entrepreneurial ecosystem”, Singapore’s Block 71, run by the JTC Corporation, is often used to highlight how governments can foster and consolidate a startup ecosystem in a single location. Housing about 250 startups, accelerators, incubators and VC firms,… Read more »


MicroAd Singapore invests in Ambient Digital

MicroAd Singapore, an online advertising firm, announced this week that it had invested an undisclosed amount in Ambient Digital, a digital advertising market founded in 2010 that operates in the growth markets of Southeast Asia; Vietnam, the Philippines, Indonesia and Thailand. Founded in 2012, with 18 offices spread across 10… Read more »


L Capital Asia invests $20m in Asiaray Media

Singapore-headquartered pan-Asian private equity firm L Capital Asia is investing $20 million, and will be among the two corner investors in Chinese outdoor advertising firm Asiaray Media Group Ltd initial public offer (IPO) in Hong. The other corner investor is Shandong Peninsula, which is investing $10 million, and the two… Read more »


Singapore’s GIC backs KKR venture in India

Singapore sovereign wealth fund GIC will invest in a non-banking financial company in India that is set up by Private equity fund KKR & Co LP, the latter said in a statement. GIC’s investment in this venture, that will provide structured credit solutions to the real estate sector in India,… Read more »


Unilever Foundry to launch Singapore edition

Unilever, world’s third largest consumer goods producer, will be launching the Singapore edition of its in-house accelerator program, called the Unilever Foundry, on January 15 at Mapletree Business City. More than 300 marketing professionals and members of the Asian start-up community will be participating in the event that is an extension… Read more »


Credit Saison,GMO invest in MatchMovePay

Mobile payments provider MatchMovePay, a Singapore-based startup venture, announced on Tuesday (Jan 6 ), that  it had received a significant but undisclosed amount of financing in its latest funding round, led by the Japanese credit card and financial services company Credit Saison and GMO Venture Partners. This investment comes in the… Read more »


Vertex Ventures invests in NetDragon subsidiary

Chinese mobile internet platform developer and operator NetDragon Websoft Inc has raised $52.5 million in Series A funding for its online education subsidiary from a group of investors that include Singapore’s Vertex Venture, a wholly-owned subsidiary of state fund Temasek. The other investors include IDG Capital Partners and Shenzhen-listed animation producer… Read more »