Temasek leads $60m round in India’s Manthan


Singapore’s state fund Temasek Holdings has led a $60 million investment round in Bangalore-based analytics and Big Data firm Manthan Software Services Pvt Ltd. Existing investor Norwest Venture Partners also participated, the company said. This is one of the largest funding exercises for an analytics product company based out of… Read more »

DBS shortlists AIA, Prudential for $1.5b deal

AIA Group Ltd, Prudential plc and Manulife Financial Corp are among firms shortlisted to become DBS’ insurance partner in a bank distribution deal worth around $1.5 billion, a report said. DBS’s bancassurance deal is the last major agreement of this kind available for insurers keen to tap into Asia’s fast-growing… Read more »

Techlist accepted into Y-Combinator Winter 2015

Singapore-based tech startup media firm Tech In Asia announced that their startup database serving company founders and investors Techlist, has pivoted to a new model and is part of the Y Combinator Winter 2015 cohort. The only participating firm from Southeast Asia, this is a major milestone for Techlist. It’s part of the portfolio of services offered… Read more »

Greenwave opens new R&D facility in Singapore

Convergent with the recent ‘Smart Nation’ initiative launched by the Infocomm Development Authority (IDA) of Singapore, software company Greenwave Systems has launched a new research and development (R&D) centre on the Internet of Things (IoT), developing solutions for the high-growth sector. IoT refers to a network of interconnected gadgets and systems which communicate over the Internet. Research… Read more »

Low Keng Huat to acquire 20% stake in AXA Tower

Singapore-listed Low Keng Huat Limited said it will acquire 20 per cent stake in AXA Tower as it joins the consortium of investors led by realty company Perennial Real Estate Holdings (PREH) that had last week reached a deal to buy the building located in the heart of Singapore’s Central Business District… Read more »

Croak.It acquired by Bangalore-based Exotel

Singapore-based voice sharing social media app, Croak.It, was acquired by Bangalore-based cloud telephony startup Exotel, their first overseas acquisition. As of now, details of the deal are undisclosed. Following this acquisition, the co-founders of Croak.It, IIT Kharagpur graduates Protik Roychowdhury and Srinivasa Teja, the duo will now join Exotel. Incorporated in 2012,… Read more »

Sakae Holdings plans $250m investment fund

Banking on the progress of its corporate advisory business, Singapore’s Sakae Holdings now plans to set up a $250 million opportunistic fund to invest in both public and private opportunities. Mainboard-listed Sakae Holdings, which is known for its chain of Sakae Sushi restaurants islandwide, and has more than 200 restaurants… Read more »

Nielsen partners EDB for Asia Innovation Centre

Global IT firm Nielsen Tuesday announced that it was collaborating with the Singapore Economic Development Board (EDB) in a joint venture to launch a new Singapore-based innovation hub, the Asia Innovation Centre (AIC). It will be modelled after their US-based Innovation Lab, a collaboration with Stanford Graduate School of Business. An initial investment… Read more »

Startup Essence receives six-figure seed funding from COENT

Job Forward, a Singapore-based firm that advertises itself as the first online social recruitment platform in the city-state, announced the launch of Startup Essence today. Designed as a service empowering startups and SMEs to create visually compelling recruitment pages, Job Forward aims to establish a channel where human assets and company culture can converge. The 6-figure… Read more »

3D printing pen CreoPop raises financing round led by 500 startups

Often criticised as a hazard to children, due to metal tips that heat up to melt plastic, 3D printing is currently the latest trend in consumer hardware. Singapore-based startup venture CreoPop, backed by iJam incubator Ruvento Ventures, was founded in August 2013 and has developed a variant that resolves this… Read more »