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Thursday, October 17, 2019

Tag: startup

From sleepless in Singapore to US$70 mil for budget hotels

Amit Seberwal has come a long way since facing rejection from financiers, when his startup RedDoorz was developing itself into a budget hotel brand.

Fusion energy startups see renewables leaving a gap in power market

With greenhouse gases accumulating at record rates in the atmosphere, researchers say new zero-carbon technologies will be needed to avert drastic weather anomalies.

How 2 college dropouts made a US$860 mil fortune by the...

Brex Inc's Henrique Dubugras and Pedro Franceschi – both under 25 – have a veteran’s share of Silicon Valley experience and the net worth to match.

Grab mulls becoming a bank

A move into banking would represent both a shift for Grab and fresh competition for Singapore’s banking landscape.

WeWork posts US$264 million quarterly loss as it expands globally

WeWork would probably be the second-biggest if it goes public this year as expected.

Chinese startup Luckin Coffee’s valuation doubles to US$2.2 billion

Fundraising was led by investors including Singapore sovereign wealth fund GIC and China International Capital Corp Ltd.

For 51%, it’s worth living dangerously in Indonesia

Only half the over-15 population have bank accounts, while a paltry 2% hold credit cards.

CrowdStrike hires Goldman Sachs to lead IPO

CrowdStrike is aiming to be valued more than the US$3 billion funding round assigned to it earlier this year.

Vintage styling and electric power: A new name in motorcycles makes...

The CEO and co-founder of Tarform, Taras Kravtchouk, designed the bike himself relying on his industrial design and motorcycle design background.

Indonesia’s Go-Jek invests in online media startup as part of expansion

Go-Jek said the investment in Jakarta-based media startup Kumparan had been done through its recently launched venture capital arm Go-Ventures.

Singapore startup raises US$618 million to expand datacenters

AirTrunk’s taking advantage of a surge in cloud computing as companies that once ran in-house servers shift storage and processing off-site.

Only 1% of China electric car startups to survive, investor says

China’s quest to lead the world in cars powered by electricity has enticed investors to pour billions of dollars into startups and production.

Ford follows GM’s Cruise move with self-driving spinoff

A Ford spokesperson declined to confirm whether the automaker has had discussions with SoftBank regarding a potential investment in Ford's self-driving operations.

China electric scooter startup Niu said to plan US$300 million IPO

Niu, the Chinese company that sells so-called smart electric scooters in 27 countries, is pursuing an IPO that could raise about US$300 million.

Meituan reveals big loss as sales double ahead of HK IPO

It joins smartphone maker Xiaomi Corp. in targeting an IPO in Hong Kong after the former British colony revised regulations to attract the major tech listings it’s lost out on in the past.

Used Louis Vuitton bags push Japan pawn-shop startup to IPO

Japan’s resale market for luxury brand goods is worth almost 200 billion yen, according to a government report.

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