This comes after the company, which is backed by Lazada Group former CEO Maximilian Bittner, reported a significant uptick in net loss in 2022.
https://www.techinasia.com/ecommerce-roll-up-una-brands-hits-ebitda-profitability
The three have founded a company called Fractional, which matches startups with highly experienced CMOs on a short-term or part-time basis.
https://www.techinasia.com/ex-grab-peak-xv-execs-help-founders-find-fractional-cmos
Beatrice Lion joined Singapore-based True Global Ventures in 2017.
https://www.techinasia.com/tgv-reshuffles-leadership-lion-named-ceo
The Chinese tech giant recently put up over 100 job openings for generative AI, largely in Singapore and the US.
https://www.techinasia.com/bytedance-eyes-singapore-genai-push-multiple-job-openings
According to Alternatives.pe, Ant Singapore SME Services has invested over US$503 million in the digibank.
https://www.techinasia.com/ant-group-pumps-148m-sg-digibank-unit-anext-bank
OCBC Bank, as the main creditor, is owed US$35.3 million by the company.
https://www.techinasia.com/sg-van-leasing-firm-strides-dst-insolvency-s50m-debt
AnyMind, which is based in Singapore and listed in Tokyo, acquired Arche Digital for US$1.5 million, with the transaction set to close by June.
https://www.techinasia.com/anymind-group-acquires-malaysian-ecommerce-enabler
With SG Bike's closure, Singapore's once-crowded bike-sharing sector is now down to two players: Anywheel and HelloRide.
https://www.techinasia.com/sg-bike-cease-operations-move-users-anywheel
The funds will be used to help faculty members and and researchers commercialize their research and support aspiring entrepreneurs under NUS Grip.
https://www.techinasia.com/nus-invest-15m-support-deeptech-startups
CEO Henry Chan said ShopBack approached its headcount reductions by “redesigning from scratch a reorganized and lean organizational structure.”
https://www.techinasia.com/shopback-cuts-24-staff-push-sustainability
The service offers access to GPUs, which are useful for machine learning, graphics rendering, data processing, high-performance computing, and gaming.
https://www.techinasia.com/singtel-launch-cloud-computing-offering-nvidia-cards
This boosted its series A funding to US$23 million. Tokenize intends to raise a total of US$33 million by the end of 2024.
https://www.techinasia.com/sgbased-digital-exchange-tokenize-bags-115m-additional-series-funding
This feature allows users in Singapore to convert stablecoins and other digital assets into usable funds for their GrabPay wallets.
https://www.techinasia.com/grab-initiates-top-ups-xsgd-stablecoin-crypto-push
Which investors are writing the most checks to Singapore-based startups?
https://www.techinasia.com/active-investors-singapores-startups
Here's our regularly updated list of the biggest startup exits in Singapore.
The job cuts, which an industry source said affected a "small number of roles," come after the insurer delayed its IPO plans again.
9 Lives Interactive, the studio behind the Nyan Heroes game, counts alumni from Electronic Arts and Ubisoft as part of its team.
https://www.techinasia.com/sg-based-gaming-firm-secures-3m-funding-amid-gaming-boom
Mihir Pershad, Umami Bioworks' founder and CEO, will lead the company post-merger, while Shiok Meats CEO Sandhya Sriram will step down.
https://www.techinasia.com/sg-altmeat-maker-shiok-meats-set-merger-umami-bioworks
The move enables OKX to launch digital payment tokens and cross-border remittance services.
https://www.techinasia.com/okx-wins-singapore-license-to-launch-tokens
Sqreem aims to improve its capabilities in marketing campaigns, digital consumer engagement, and ad spending transparency.
https://www.techinasia.com/sqreem-and-trade-indy-join-forces-to-drive-australian-ai-innovation
Once fully operational, the chiplet factory is set to provide up to 1,600 jobs, Bloomberg noted.
https://www.techinasia.com/singapores-silicon-box-build-35b-chip-factory-italy
With the new raise, DCS - formerly Diners Club Singapore - has secured roughly US$300 million in total funding for the round.
https://www.techinasia.com/sg-fintech-firm-dcs-secures-75m-funding-assetbacked-notes
Group CEO Aaron Tan said Carro, whose EBITDA reached US$4 million in FY 2023, plans to list “as soon as it becomes realistically possible."
After a successful run last year, Tech in Asia Regional Founders Meetup is back by popular demand. Join us on April 24 on our first stop: Singapore.
https://www.techinasia.com/events/tech-asia-founders-meetup-2024-singapore
Named Project SEALD, the partnership seeks to make LLMs more useful for the region's communities, including migrant worker groups.
https://www.techinasia.com/ai-singapore-google-partner-boost-large-language-models-sea
Louis-Berard Carcouet will lead product strategy at the Singapore-based healthtech firm.
The company, which launched in January, has partnered with The Working Capitol and Smart City Kitchens for the expansion.
https://www.techinasia.com/singaporebased-rently-expands-commercial-real-estate
Synphne uses a blend of neural feedback, gamification, and data analytics to provide a customized and real-time view on a patient's recovery process.
https://www.techinasia.com/ntu-spinoff-raises-5m-bolster-stroke-accident-care-wearable
Singapore-based Febe Ventures launched its second fund and plans to invest in B2B software, marketplace, health, and sustainability startups.
https://www.techinasia.com/founderfocused-vc-offers-hope-startups-facing-runway
Two anonymous sources said around 20 people were retrenched, but co-founder Tyler Jong clarified to Tech in Asia that only 13 were laid off.
https://www.techinasia.com/singapores-treedots-lays-tech-staff-founder-confirms
The ride-hailing firm debuted at US$4 per share, with the price shifting between US$4.2 and US$4.6 in its second trading day.
https://www.techinasia.com/singapores-ryde-begins-nyse-trading-plans-expand-globally
The company said it is now operating at a profitable level and that its total payment volume reached US$6.6 billion in FY 2023.
https://www.techinasia.com/razer-fintech-steps-gaming-spotlight-fiuu-rebrand
The Singapore-based equity management platform aims to be profitable by March 2025, CEO Ravi Ravulaparthi tells Tech in Asia.
https://www.techinasia.com/qapitas-revenue-jumps-89m-fye-march-2023-losses-widen
Thryve uses a tech stack to assess, design, and implement carbon projects.
https://www.techinasia.com/openspace-leads-sg-carbon-project-startups-26m-seed
The startup uses AI to pinpoint emerging consumer trends in real time, focusing on the F&B sector.
https://www.techinasia.com/singapore-based-ai-palette-lands-4m-to-fuel-global-growth
The company's ecommerce unit is expected to grow in the high teens, group CEO Forrest Li said in Sea's latest earnings call.
https://www.techinasia.com/sea-group-eyes-profitable-2024-shopee-continues