Manila Deal Paves Way for a Survival of Honestbee in Singapore

It’s uncertain what specific roles the Honestbee and Growsari platforms will play in JG’s e-commerce business. However, both have the potential of centralising the group’s inventory and logistics capacities—whether their own or that of third parties—to fulfil orders efficiently. “Having an e-commerce tech platform is so valuable,” says Paul Srivorakul, co-founder and CEO of aCommerce, … Read more

Honestbee Might be Making a Comeback to Serve Labuan

And in April, during the Easter week holiday rush—a peak business period—Honestbee’s business in Catholic-majority Philippines paused indefinitely. The situation has only worsened since. Restoring investor confidence Honestbee is said to have just 10 remaining employees in its Singapore headquarters, 177 employees at its Habitat supermarket, and another 54 spread across the rest of the … Read more

Why PropertyGuru’s Missed IPO Exited is the Knock-on Effect of Founders in Control

99.co’s co-founder and CEO Darius Cheung declared, “We are coming for market leadership. This is a key milestone that positions us instantly as number one in Indonesia, and well on our way to that in Singapore. Our innovative DNA plus REA’s unrivalled experience and resources make this partnership a lethal combination Southeast Asia has not … Read more

What’s so great about the app? The Personalization from its Designer team makes it feel like a Facebook Group for your Need!

And lastly, perhaps causing the biggest dent of all, PropertyGuru’s rivals recently announced a merger. In a move to defend its shareholder base, the ASX-listed property classified company REA Group merged its Indonesia and Singapore businesses with a smaller Singapore-based startup 99.co. The combined market share for both will post a strong challenge to PropertyGuru’s … Read more

Social Reality, also Known as Virtual Reality or Augmented Reality

Banks in the region find small-ticket loans unviable, as the expenses necessary to simply verify a customer would hurt any financial upside. However, startups with a large user base—Grab claims 130 million downloads, while Gojek says its collection of apps have ~100 million cumulative downloads—can pull together a ‘long tail’ of small customers. This can … Read more

How LPs from Silicon Valley Benefit from Sequoia Capital PE Funds Surge’s Lower Valuation-Based Fees.

Similarly, Pune-headquartered online tutoring company InterviewBit Academy is reported to be raising $20 million at a post-money valuation of $100 million, according to a Times of India report. Sequoia, Tiger Global and EDBI—the corporate investment arm of Singapore’s Economic Development Board—are said to be leading the deal. Even in Southeast Asia, where dealmaking has been … Read more

Sequoia Capital South East Asia: Early Stage Investment and Why it is Different from Silicon Valley?

The best accelerator programmes are known for their ability to help companies grow. Consequently, the go-to metric to assess the effectiveness of an accelerator is follow-on funding. A look at the classic model of Y Combinator in the US—perhaps the most famous accelerator; it graduated 197 companies in its most recent batch this past summer—shows … Read more

Zilingo and the Rise of B2B Commerce

Zilingo took that early momentum and, perhaps, in part thanks to Sequoia’s connections, went on to raise significant money from Singapore sovereign fund Temasek, Myntra investor Sofina and Germany’s Burda among others. Once those larger Series C and D rounds were announced, it quickly went from existing under-the-radar to being one of Southeast Asia’s deepest-pocketed … Read more