Singapore

This robot can build your IKEA furniture

There are two kinds of people in the world: those who hate building IKEA furniture and madmen. Now, thanks to IkeaBot, the madmen can be replaced. IkeaBot is a project built at Control Robotics Intell

Funding Societies, a Southeast Asian lending platform, gets $25M Series B led by Softbank Ventures Korea

Funding Societies, a peer-to-peer lending platform in Southeast Asia, said today that it has raised a $25 million Series B led by Softbank Ventures Korea, the Japanese tech conglomerate’s early-stag

Singapore orders Grab to delay closing Uber app for an additional 3 weeks

Grab’s plan to shutter Uber’s app quickly following its merger deal in Southeast Asia has hit another snag in Singapore where the ride-hailing firm has been forced to delay closing its ri

Singapore issues first fines to Airbnb hosts for violating rental laws

Singapore has fined two Airbnb hosts who broke the country’s rules on apartment rentals. In a first for the country, two men were fined SG$60,000 (US$45,800) each for unauthorized lettings at f

Singapore says Uber-Grab deal may violate competition laws

Uber’s exit from Southeast Asia is under scrutiny from regulators in Singapore who believe that Grab’s purchase of the U.S. firm’s business in the region may violate competition law

CardUp raises $1.7M to help small businesses get more out of their credit cards

CardUp, a Singapore-based startup that enables users to make large, recurring payments by credit card even to recipients that don’t accept cards, has raised $2.2 million SGD (about $1.7 million) led

Uber has agreed to sell its Southeast Asia business to rival Grab

After weeks of speculation, Uber has concluded a deal that will see it sell its business in Southeast Asia to local rival Grab . The company plans to announce the agreement this coming week and pote

Everledger’s Kemp and OmiseGO’s Hasegawa join TC Blockchain

Blockchain technology and the decentralizing effects of distributed ledgers have enormous amounts of potential and may mean the Internet will never be the same again. The fact that one could eventuall

Grab launches a bike-sharing service in Southeast Asia

After much speculation, Southeast Asian Uber rival Grab has jumped into the bike-sharing space after it launched a service in Singapore. GrabCycle Beta will offer services from a range of services, in

2018 VC investment into crypto startups set to surpass 2017 tally

Jason Rowley Contributor Jason Rowley is a venture capital and technology reporter for Crunchbase News. More posts by this contributor Charting the adoption of direct startup investments by family off

Microsoft signs its first renewable energy deal in Asia with Singaporean solar firm Sunseap

As part of its goal to use more renewable energy in its datacenters, Microsoft said it has entered an agreement with Singapore-based clean energy firm Sunseap. The value of Microsoft’s investment wa

Uber rival Grab acquires Indian startup to bulk up its mobile payment platform

Grab, Uber’s main rival in Southeast Asia, is continuing to develop its mobile payment strategy after it announced the acquisition of India-based startup iKaaz. The deal — which is undiscl

Grab, Uber’s rival in Southeast Asia, pulls in strategic investment from Hyundai

Grab, Uber’s closest rival in Southeast Asia, continues to slowly release information about its newest funding round after it revealed it has netted a strategic investment from Hyundai. To recap

Baidu and AMI launch Southeast Asia joint venture and $200M fund

Baidu teamed up with Asia Mobility Industries to launch a new Singapore-based mobility venture fund, called "Apollo Southeast Asia." This will also help establish a foothold for Baidu to pursue commer

WeWork banks on a local approach and Powered By We to crack Southeast Asia

WeWork charged into Asia two years ago but it finally moved into Southeast Asia in the second half of 2017 through the acquisition of SpaceMob and the opening of its first space in Singapore —

Teabox raises $7M for its global tea-commerce business

Teabox, the company pioneered the concept of selling tea to direct to consumers online, has served up $7 million in fresh funding to grow its five-year-old business. This new infusion of capital &#821

Techstars is launching its first accelerator program in Asia in partnership with Rakuten

Techstars is bringing its global accelerator program to Asia for the first time in partnership with Japanese e-commerce giant Rakuten and its chat app Viber. The companies will run a three-month progr

Amazon launches its Prime membership service in Singapore

Amazon is increasing its focus on Southeast Asia after the e-commerce giant launched its Prime service in Singapore. The U.S. firm landed in Singapore, its first market in Southeast Asia, in July init

Tech In Asia raises $6.6M led by Korean conglomerate Hanwha

Tech In Asia, the Singapore-based media and events startup, has closed $6.6 million in fresh funding. The lead investor is a name that may not be too familiar to regular readers (yet) and that’s

Southeast Asia’s aCommerce lands $65M led by KKR-backed Emerald Media

Southeast Asia-based aCommerce, a startup that helps brands get into e-commerce and digital media in the fast-growing region, has pulled in $65 million in new funding led by Emerald Media, an Asian f
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