Thakral Corp to buy remaining 49% in its Australian unit

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Singapore-listed Thakral Corporation (TCL) and its wholly owned subsidiary, Thakral Capital Holdings (TCH), said they companies have reached a deal to acquire 49 per cent in their Australia unit – Thakral Capital Australia (TCAP) – from four vendors. At present, Thakral owns 51% of its Australian unit and the vendors… Read more »

Singapore’s 99.co bags $1.6m funding from Facebook Co-founder & Sequoia Capital

Singapore property site 99.co announced at its official launch on Thursday (29 January) that it secured additional funding to the tune of $1.6 million. The latest round was led by Facebook co-founder Eduardo Saverin and Sequoia Capital. This brings total investment for it to S$2.7 million ($2 million) and a… Read more »


Startup founders’ launch ACE Forum to help entrepreneurs de-stress & chill out

Given the stresses and challenges many entrepreneurs, company founders and other startup professionals often endure in the relentlessly competitive startup ecosystem, its nearly impossible for non-founders/non-entrepreneurs to understand the difficulties entrepreneurs endure, particularly solo founders. The Action Community of Entrepreneurship (ACE) plans to address this with the ACE Forums, where… Read more »


Tembusu Systems raises $887k in bridge funding

Tembusu Systems, a Singapore-based Bitcoin startup, raised S$1.2 million round ($887,000) in bridge funding for its TRUST platform, to develop and sell its new product, the company said. This move away from Bitcoin ATMs reflects a shift it its larger business direction, in light of the volatility and risk involved… Read more »


Singaram : Learning from failures & passing on the keys to NextGen

What does surviving a failed venture teach? Start working on the next? For Muthu Singaram, who is currently involved with several ventures, including being the Entrepreneur-in-Residence at Singaporean accelerator Appleseed and Principal at Ultimate Startups, an India-based startup venture advisory and mentorship provider, his experiences, has led him on a… Read more »


FreshMonk bags Series A funding from August Capital, other investors

FreshMonk, a custom apparel design and fulfillment platform by 91 Design Labs operating from Noida and Singapore, has raised an undisclosed amount in a Series A funding round, led by VC firms August Capital Partners (ACP), Michael Blakey of Cub Capital and other angel investors,  in order to drive growth…. Read more »


SGX, VC firm launch equity crowdfunding joint venture

Clearbridge Accelerator has partnered with the Singapore Exchange (SGX) to to develop a fund-raising platform – specifically an equity crowdfunding (ECF) platform – for entrepreneurs and small and medium enterprises (SMEs) in Asia. Singapore-based venture capital firm Clearbridge has an extensive history of collaboration with the Singapore government in various… Read more »


How different funding rounds function: Seed & Series A, B & C

For many entrepreneurs, understanding fundraising is a critical component of building the business, with many entrepreneurs thinking of the new venture existing on a timeline, starting from the time the idea was created and the business model conceived. The fact is, the investment market evolves with the startup ecosystem it… Read more »


Temasek leads Pluribus’ latest $50m funding round

Singapore government fund Temasek Holdings has emerged as the lead investor in the $50 million Series D Round raised by Programmable Software Defined Neworking (SDN) startup Pluribus Networks. The latest round takes the total amount raised by Pluribus, so far, to $95 million. Along with the Singapore fund, Pluribus has… Read more »