Startup Digest: RedDoorz gets Grab exec; New programme from Muru-D, The FinLab

Visual of Reddoorz website. September 2015.

In separate updates from the startup Asia world, hotel booking platform Reddoorz said that former Grab Regional Head of Country Digital has joined its firm as vice president while Australian startup accelerator muru-D  announced the acceptance of 10 new startups into its SYD5 program. Meanwhile, Singapore-based United Overseas Bank Limited (UOB) and SGInnovate-backed startup accelerator The FinLab have announced the launch of its third cycle this year.

RedDoorz recruits former Grab regional head as Vice President

Southeast Asian budget hotel booking platform RedDoorz has recruited Grab’s former Regional Head of Country Digital, Edward Wong, as its new vice president for marketing, the startup announced in an official statement.

At Grab, Wong worked with country digital managers and was involved in brand, creative and other aspects of marketing functions within the company. Prior to Grab, he held leadership positions in digital and media at OMD Singapore, Omnicon Media Group, and Starcom Mediavest Group.

Also joining RedDoorz to occupy the position of Chief Product Officer is Commonfloor.com co-founder Lalit Mangal. He currently serves as an advisor to Bangalore-based firms Evibe and Unacademy.

Muru-D accepts 10 new startups in SYD5 acceleration program

Australian startup accelerator muru-D has announced the acceptance of 10 new startups into its SYD5 program, which will focus on solving global problems.

The cohort includes Cookitoo, a platform for cafes, restaurants and caterers to rent out unused commercial kitchen space; iCRM, a flexible cloud software platform that integrates with health and medical devices to deliver tailor-made care and support plans; and Share with Oscar, an on-demand platform for sharing private parking spaces.

Each of the 10 successful startups will receive $75,000 in seed capital investment. They will have access to a highly developed network of mentors and industry professionals to help accelerate their businesses to the next stage.

UOB-backed Finlab’s latest accelerator cycle targets SMEs

Singapore-based United Overseas Bank Limited (UOB) and SGInnovate-backed startup accelerator The FinLab have announced the launch of its third cycle this year that will focus on small and medium enterprises (SMEs) seeking to digitise their operations.

The four-month programme, dubbed Cycle 3, will guide participating SMEs to identify problems in their business and equip them to build their innovative capabilities.

It will target SMEs in the lower middle market with revenues of between S$10 million and S$25 million in select sectors — food & beverage (F&B), retail, logistics and wholesale trade industries, according to a statement.

Felix Tan, Managing Director of The FinLab, said, “Over the past two years, we have gained deep insights from our interactions with more than 700 financial technology startups. As these startups become more advanced in their business models, there is a need to help them commercialise by connecting them with potential customers who require technology solutions.”

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