Singapore’s growing VC scene

In recent years, more and more venture capitalists (VCs) have set foot in Singapore, coming from afar to find the next big idea to invest in. As of the end of November, there were 28 VC managers licensed or registered with the Monetary Authority of Singapore (MAS) — about triple the number just three years ago.

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E-commerce portal Carousell bags US$35m Series B funding

Nearly S$50 million have been added to the Singapore startup ecosystem, The Business Times learnt on Monday. Of the amount, US$35 million is a Series B funding round raised by e-commerce startup Carousell, while another S$1.34 million comprises investments into two first-of-their-kind accelerator programmes in insurance tech (insurtech) and tourism.

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Paktor snags US$10m funding, Infocomm Investments partners Bansea to fund seed-stage startups

THE startup ecosystem scored two positives on Monday: homegrown dating platform Paktor snagged US$10 million in a new funding round, while Infocomm Investments (IIPL) has partnered Bansea (the Business Angel Network South-east Asia) to jointly invest in local seed-stage startups.

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Singtel ups the ante in fragmented mobile payment market

SINGTEL on Tuesday unveiled its Singtel Transit near-field communications (NFC) SIM and an improved version of its mobile payment app, Dash.

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‘Unicorn’ Garena bags US$170m in Series D funding

SINGAPORE tech "unicorn" Garena has raised US$170 million in Series D funding led by Khazanah Nasional Bhd, the strategic investment arm of the Malaysian government, taking total investment to date past US$500 million.

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‘Creative destruction’ the next step for companies to survive and thrive

BUSINESSES should sit up and take a good, hard look at the "disruption" coming to their industries - or risk becoming obsolete and having no part to play in Singapore's future economy.

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How the start-up scene in Singapore is changing

Within a short space of time, the cash available to new start-ups in Southeast Asia has gone from virtually non-existent to abundant. And that, say analysts, reflects the potential a growing number of investors see in firms that mostly start in Singapore and expand into the much bigger Southeast Asian market.

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