Posts in Category: singapore

Danadidik Raises Seed Funding from Singapore Investor

Danadidik Announced Seed Funding from Garden Impact/ SWA

 

Danadidik, a startup providing loan solutions for students in the form of peer to peer lending announced has received seed funding from Singapore-based investors, Garden Impact Investments Pte Ltd.

The amount of funding is not mentioned. The funding will be used by the Danadidik to scale up their operations, improve service quality, and invest in technology.

Dipo Satria, Co-founder and CEO of Danadidik explained that this investment makes them enthusiastic to help educational disadvantaged in Indonesia.

“With this investment, we are incredibly excited to be able to impact more underprivileged students’ lives. We’d like to invite more local corporations and family offices to get involve to

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iGrow Will Represent Southeast Asia at SWC 2018 Grand Final

SWC 2017 Southeast Asia Regional Finale at Jakarta (19/9) / Source: Bekraf

 

Fenox Venture Capital, a Silicon Valley venture capitalist company, in cooperation with the Creative Economy Agency (Bekraf), officially held a prestigious event for startup activists in Indonesia and Southeast Asia titled Startup World Cup (SWC) Regional Finale officially held on Tuesday (19/9/2018) at Balai Kartini, South Jakarta.

The event set the Indonesian delegation in the SWC Grand Final held by Fenox VC in Silicon Valley in May 2018, and competed with thirty other regional delegates from six continents at the technology startup center.

The prize contested in the SWC is an investment prize of US $ 1 million.

This

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Amazon Entered Southeast Asia by Launching Prime Now Service in Singapore

Amazon Prime’s Trailer/ Amazon

Amazon, global e-commerce giant, announced the launch of Prime Now in Singapore at the end of July this year. The company offers free two-hour delivery on tens of thousands of items from customers’ phones. Prime Now is an exclusive service for members of Amazon Prime. According to Amazon’s release, Prime Now in Singapore will be available to try without a Prime membership for a while.

“Prime Now is powered by Amazon’s more than 20 years of operational and technological excellence and hundreds of Singapore’s talented and skilled associates,” said Aarif Nakhooda, Director of Prime Now Asia-Pacific. He added that the service will allow people to get more time

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Ride-hailing Services Competition Heats Up in Southeast Asia with New Investments

Thailand, one of the countries in Southeast Asia/Pexels

Grab, Singapore-based ride hailing platform, announced their new funding last month. DiDi Chuxing and SoftBank Group Corp led the round which gathered around $2 billion. Go-Jek, ride-hailing platform from Indonesia, also received funding led by Tencent, a Chinese based internet giant. The funding round has raised around $1.2 billion in May 2017.

In Indonesia alone, Grab goes against Go-Jek and Uber as the competitors. With Go-Jek new investment, the competition heats up as the company also hinted the plan to expand their service accross Southeast Asia market last year. Uber, despite retreating from China’s market, continues to

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Microsoft Helps the Blind “See the World” with Seeing AI

 

AI (Artificial Intelligence) is one of the best uses of technology to helping people do extraordinary things. At Microsoft, it’s helping blind or visually impaired people see the world around them like never before. Microsoft has just released a new app on the App Store with a AI technology called Seeing AI. This app is made with the main mission of help users with visual limitations to “see the world” with iPhone device and neural networks technology of Seeing AI to describe various recorded things. Smartphone’s camera able to detect and describe nearby people, text, objects and even emotions – to provide important context for what’s going on around user.

This

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Garena Rebrands to Sea After Secures US$550 Million New Funds

Garena Headquarters in Singapore / Garena

 

Singapore-based and one of Southeast Asia’s biggest tech startups, Garena, changed its name and brand to Sea Ltd. The rebrand was made after company got the latest funding worth US$550 million (about Rp7.3 trillion). Sea’s funding and rebranding comes as it is reportedly preparing for an IPO that may raise US$1 billion. Founder and CEO, Forrest Li said the company’s new name is also an acronym and reflected to its focus for Southeast Asia.

According to a Bloomberg report this investment is followed by a number of investors, known as Farallon Capital Management, Hillhouse Capital, Cathay Financial Holding Co., and food conglomerate company Uni-President Enterprises

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