honestbee

Founded by Joel Sng and launched in Singapore in July 2015. honestbee is an online grocery, food and laundry delivery service that was launched in Singapore in July 2015. The service is also available in Singapore, Taipei, Hong Kong, Tokyo, Jakarta, Kuala Lumpur and Manila.

Amazon has officially launched Prime Now in Singapore

Kevin McSpadden, reporting for e27;

Amazon has officially launched its Prime Now service in Singapore today, potentially opening the American e-commerce giant to Southeast Asia and the 600 million people who live here.

This is a giant putting is foot in the door. It’ll just a matter of time before Amazon goes all out in the region.

Amazon prepares to enter Southeast Asia via Singapore launch

Jon Russell, reporting for TechCrunch;

Amazon is continuing its international expansion push with the launch of its services in Singapore coming imminently. The arrival could happen as soon as this week, according to a source with knowledge of the plans, and it will mark Amazon’s entry into Southeast Asia.

The launch will see Amazon Prime, Amazon Prime Now fast delivery and Amazon’s regular e-commerce services become available to Singapore’s population of over five million people, the source said. Pricing is unclear at this point.

Apple lifts the covers on its Orchard Road store

James Lu, eriting for HardwareZone Sg;

After months of anticipation, Apple’s first ever official retail store in South East Asia, Apple Orchard Road, has finally been unveiled. For the past two weeks, the store has been wrapped up with white wallpaper with “Apple loves the little red dot” icons on it, but late last night, they were taken down to reveal the store’s interior.

Another beautiful product from Apple.

SeedPlus

SeedPlus, a seed stage venture fund based in Singapore. The firm invests S$500k to 1M in early stage companies on market terms. Once the investment is in place, they’ll help you to grow to profit or the next round of funding through our network and our full­-time operating partners.

SeedPlus is a network of networks. Between Jungle Ventures, PwC, Google, Accel Partners and Infocomm Investments,

Fave Group

Fave is a marketplace for discounted offers on things to eat, do, see and experience in your city. Users can get up to 70% discount from restaurants, cafes, spas, salons, gyms, etc. There are currently more than hundreds of deals in listed in the service.

Fave is also available to all iOS and Android users. The Fave group was spun off from Malaysian fitness subscription service KFit.

KFIT

KFit app helps you to discover, plan and book fitness, beauty and wellness activities near you, today and for the whole week. Download our mobile app to access a huge variety of activities, whether you want to relax at a spa, pamper yourself with a new haircut or go for a workout at a studio or gym near you.

The KFIT app is available to both iOS and Android users.

The group formerly known as KFit has bought Groupon Singapore

Michael Tegos, reporting for Tech in Asia;

After nabbing Groupon Indonesia and Groupon Malaysia, the Fave group has come for the Singapore version of the daily deals site. Fave, which has a similar mandate, announced today it has acquired Groupon Singapore.

Details about the deal have not been disclosed.

The Fave group evolved out of Malaysian fitness subscription service KFit. While KFit is still available as a separate service and app, it’s now part of Fave along with Groupon Indonesia. Groupon Malaysia has been completely integrated into Fave, and Groupon Indonesia and Singapore will follow in 2017.

Myanmar’s MyPay in serious talks to acquire Singapore’s Fastacash; Co-founder rejoins board after absence

Kevin McSpadden, writing for E27;

Two Southeast Asian payment companies that specialise in using social media to facilitate money transfers are in serious acquisition talks and expect the deal to be done in the coming months.

The Singaporean online payment company fastacash has been approached with an acquisition offer from Myanmar’s MyPay and are moving forward with the deal, fastacash General Manager Mark Carter told e27.

The deal has been approved by Fastacash shareholders and is expected to be completed in the next 60-90 days.

Anchanto

Anchanto, an ecommerce and logistic company based in Singapore. The Anchanto platform is ecommerce ecosystem, enabling and connecting all key players across the globe. Anchanto was established on 17th June 2011 in Singapore with the vision “to give customers an enchanting experience” through our software platform and associated services.

The Artling

The Artling is a portal that features top art talents within the genre of Asian Contemporary Art.

The Artling also has interior design and sourcing expertise so if you are looking to specify for residential/office projects, serviced apartments/hotels, or would like to order in larger quantities.

SPH’s media profit crashed by half quarter-on-quarter

Terence Lee, writing for Tech in Asia;

Singapore Press Holdings, Singapore’s largest newspaper publisher, continues to struggle in the online world. Its quarterly media profit before taxation fell from US$43 million to US$23 million, a 47 percent decline from Q1 2016 to Q1 2017.

That’s one big decline and since Singapore is practically the startup/tech hub in Southeast Asia, I think it’s about time to think like a startup as well.

HOOQ

Launched in 2015, HOOQ is a gateway to a world of unlimited entertainment. With just one app, you can stream, download and enjoy over 30,000 hours worth of Hollywood/local movies and TV series. All from your smart phone, tablet and/or computer.

HOOQ currently have more than 10,000 movies and TV shows in their catalog. The service if currently available in The Philippines, Thailand, India, Indonesia, or Singapore.

Ezyhaul

Ezyhaul is an online on-demand freight exchange that connects shippers with pre-qualified carriers who have unutilized capacity on their trucks.

Ezyhaul is a rapidly growing technology company in South East Asia focused on transforming the road freight industry. Our online, on-demand freight exchange platform connects shippers with pre-qualified and reliable domestic carriers who have unutilized capacity on their trucks.

Ezyhaul’s vision is to transform the world of transportation logistics by building an ecosystem around shippers, transportation companies, authorities, and third party service partners. Connected through the Internet of Things and driven by data analytics we will empower all our partners in the ecosystem.

Founded by a team of logistics veterans we understand the challenges in the industry. We apply the latest technology to make shipping ezy and create a hassle free experience for shippers and carriers.​

Headquartered in Singapore, Ezyhaul’s launch market is Malaysia and we will be expanding operations later this year to other countries in South East Asia.

Lalamove

Lalamove an on-demand deliveries in Asia using the Sharing Economy to match users and drivers through an app and a webapp. Founded in 2013 as EasyVan in Hong Kong, then later renamed as Lalamove.

The company currently operates in five cities; Hong Kong, Singapore, Bangkok, Taipei, Manila.

Grab introducing a $1.40 (USD) cancellation fees

Grab;

Today, Grab introduced cancellation fees as part of our ongoing effort to make driving and riding with us a better experience.

Cancellations made by drivers or passengers cause huge inconveniences to one another – loss of earnings for drivers already en-route to pick up a passenger and loss of trust for passengers waiting for their ride to arrive.

By lowering cancellation rates, we’d be able to match drivers more efficiently to passengers who really need a ride.

Right now, we measure drivers’ performance based on their cancellation rates, among other factors. Drivers with low cancellation rates enjoy higher incentives and perks, which makes them think twice before cancelling.

Today, a passenger cancellation fee of $2 will kick in. We know that there are good reasons for people to cancel their rides sometimes. So for a start, the fee will be levied only after more than 10 cancellations in a week. Once the threshold is reached, $2 will be charged to the passenger’s GrabPay account. Non-GrabPay passengers will have to enable GrabPay before making further bookings.

Over time, we will review and adjust our cancellation threshold accordingly. Our aim is to encourage people to make a booking and stick with it. Be assured that our app will always give ample notice in the form of warning notifications before we deduct the fee.

We hope this initiative creates a fairer platform for drivers and passengers, and that all of us will think twice before cancelling a booking.

From their FAQs, the cancellation fee only applies in Singapore but this may roll out to other market where Grab is available.

East Ventures

East Ventures, a seed-early stage venture capital firm based in Singapore, Indonesia & Tokyo. Co-founded by co-founder of Mixi.jp and other prominent investors/entrepreneurs in Asia in 2010.

East Ventures aims to bring success to ventures by providing early stage seed capital to promising startups. With a total of 5 offices in Jakarta, Tokyo, and San Fransisco, our global team has invested in over 150 companies across Asia and the US. Our portfolio of companies focuses on commerce, social, game, SAAS, and mobile services.

Our investment team consists of experienced professionals that allow us to provide a strong network across Asia.

East Ventures actively involves in community development and capacity building via its coworking spaces called EV Hive in Jakarta and Tangerang (Indonesia), and Hive Shibuya in Tokyo (Japan).

Tech in Asia

Tech in Asia is a media, events, and jobs platform for Asia’s tech communities. It connects startups, investors, corporates and more, at their annual conferences held in Singapore, Bangalore, Tokyo, and Jakarta.

InseadAlum Ventures

InseadAlum Ventures Pte Ltd (“IAV”) is a investment company focused on providing seed funding, value-added resources and mentorship to selected INSEAD alumni who are becoming entrepreneurs after graduation.

IAV is founded by two INSEAD Alumni with successful track records as entrepreneurs and investors; Deepak Shahdadpuri (‘98D) and William Klippgen (‘03D).

IAV will invest from SGD $50k to $200k in each start-up and will help develop the start-ups to a point where they easily can raise further seed or Series A funding. Selected entrepreneurs will get access to senior alumni, industry experts, faculty and other investors.

Other links:
https://angel.co/inseadalum-ventures

Shopee

Shopee is a mobile marketplace designed for both buyers and sellers to enjoy fast, smooth and safe transactions. A leading mobile-first marketplace platform in Southeast Asia (Singapore, Malaysia, Thailand, Indonesia, Vietnam and the Philippines) and Taiwan.

Headquartered in Malaysia and was launched in 2015.