Singapore Digest: GetGo launches carsharing fleet, Her Capital invests in Neufast 

GetGo aims to become Singapore's largest car platform -by the end of 2021.

GetGo, a Singapore-based carsharing platform, has launched its services in the country while Her Capital has announced its first investment in Hong Kong-based human resource (HR) tech startup Neufast.

GetGo to roll out 400 vehicles in Singapore

GetGo, a Singapore-based carsharing platform, announced its launch on Thursday and said it will be rolling out 400 vehicles across 300 locations island-wide by end-March 2021 to address the growing demand for car-sharing services.

So far, more than 14,000 users have pre-registered for its service, the company said in a statement.

“With a simple and flexible pricing model, we have adopted an approach to carsharing that literally and figuratively puts our users in the driving seat,” said GetGo co-founder and managing director Toh Ting Feng.

With more people working from home because of COVID-19, GetGo noted that the demand for personal mobility has increased significantly. At the same time, the cost of ownership continues to rise due to the limits on Singapore’s private car population.

Instead of owning a car and its associated financial commitments, Singapore’s 1.8 million drivers are increasingly shifting towards alternatives for their mobility needs, the company said. GetGo has also further enhanced its technology platform with government agency Enterprise Singapore’s support.

GetGo said it targets to grow its fleet to 1,000 cars and expand its nationwide footprint to over 600 locations by the end of 2021 to become Singapore’s largest car-sharing provider.

Her Capital invests in Hong Kong HR tech startup Neufast

Singapore-based Her Capital announced on Thursday that it has made its first investment, in Hong Kong-based human resource (HR) tech startup Neufast, which develops cutting-edge, AI video interviewing enterprise solutions.

Neufast’s solutions enable HR managers to screen and select the right hires from thousands of candidates, reducing time-to-hire, eliminating unconscious bias, and scientifically evaluating job fit, according to a statement.

Her Capital joins SOSV Chinaccelerator, AsiaPay Capital, and Artesian Venture Partners as investors in the current funding round.

Neufast plans to utilise the proceeds from this round to expand its product suite and expand into Greater China and Southeast Asia.

Neufast said its enterprise solution is unique because it is able to assess candidates in multiple languages in a single video interview, while its business-to-consumer (B2C) solution, NeuCareers, helps job seekers understand their own personalities and job fit, and succeed in the job market in a video-based virtual interview process.

Neufast currently serves Hong Kong clothing manufacturer Crystal Group, Landbridge Ship Management (HK) Ltd, Hong Kong Polytechnic University, and Hong Kong Jockey Club, among others, and counts McDonald’s Hong Kong, Hong Kong Science and Technology Parks and GetLinks/CPJobs as go-to-market partners.

Her Capital is a female-led seed fund in Singapore investing in female-founded, scalable businesses operating in Southeast Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.