Salarium

Salarium derives its name from the Latin word for “salary,” “soldier,” and “salt,”’ which all have the same root word: “Sala.” In ancient Rome, soldiers were paid their salaries in salt, which at that time was valued more than gold.

Salarium is a SaaS end-to-end payroll management company that provides enterprise solutions for small and large businesses.It is headquartered in Hong Kong and has office in Manila, Philippines.

Go-Jek

GO-JEK is an Indonesian hyperlocal transport, logistics and payments startup founded in 2010. It aims to improve the welfare of workers in Indonesia’s vast informal sector. It is also the first startup of Indonesian origin to be classified as a transport system after closing a round of funding in August 2016. GO-JEK’s fleet now exceeds 400,000 drivers and includes motorcycles, cars and trucks. Go-Jek is available in 50 cities in Indonesia.

Source: Wikipedia

ZAP

ZAP is a cash back service that leverages terminals and phone numbers to help people get their rewards. So for companies within the ZAP network, it uses a points system rather than cash. These points can then be turned-in to buy items.

ZAP caters to more than 300,000 members and is working with close to a thousand partner establishments within Metro Manila in the Philippines.

Philippine-based ZAP have been accepted in the Unilever Foundry programme

ZAP is one of the 30 startup that will participate in Unilever’s Foundry programme that provides access to their corporate network as well as the Level3 co-working network.

vai e27;

ZAP is a cash back service that leverages terminals and phone numbers to help people get their rewards. So for companies within the ZAP network, it uses a points system rather than cash. These points can then be turned-in to buy items.

It received funding from Tony Fernandes, the Founder of the budget airline company Air Asia.

If you take a closer look, ZAP is a perfect fit for Unilever, since it could be boost the sales of Unilever brands with the help of ZAP’s cash-back/rewards program.

Korea’s Althea closes $7m series B funding for global expansion

Jack Ellis, writing for Tech in Asia;

Online beauty products store Althea has raised US$7 million in a series B round, with the funding coming from FirstFloor Capital, Korea Development Bank, Bridges Alliance Partners, Innoven Capital, and Tekton Ventures.

The South Korean startup said that the investment will be used to grow its private-label product lines and expand its reach worldwide.

Klook

Klook is Asia’s largest in-destination services booking platform. We give travelers a simple, trusted and convenient way to book and enjoy popular attractions, local experiences and services around the world at exclusive prices.

Travelers everywhere can easily customize their itineraries on klook.com or on Klook’s award-winning mobile app to satisfy their wanderlust and spontaneity. Each day, we help countless customers savor every moment of their trips with over 15,000 offerings in more than 100 destinations at their fingertips. In 2016 alone, over 5 million trips were booked by travelers from over 30 countries.

Klook staff has grown to over 300 across 12 offices in Asia and is backed by reputable investors including Matrix Partners, Sequoia Capital, among others.

Travel activities startup Klook nets $60m

Steven Millward, writing for Tech in Asia;

US$179 billion. That’s how much the online travel booking industry was worth last year. That’s set to expand to US$288 billion by 2021.

Amid all that growth, travel startups are finding their niches, where they can avoid being massacred by the Expedias and Kayaks of this world.

Revolution Precrafted

Revolution Precrafted is a collection of limited edition, pre-crafted properties, including pavilions and homes. The project unites more than 30 of the world’s pre-eminent architects, artists, and designers to create a series of prefabricated living spaces.

Utilizing cutting-edge technologies and cost-efficient production systems, Revolution is democratizing high design and architecture by introducing designed spaces in exclusive collaboration with industry leaders.

The Philippines just got its first billion-dollar startup

Judith Balea, writing for Tech in Asia;

The Philippines has hit a huge milestone: it just got its first unicorn startup. Revolution Precrafted, a developer of prefabricated designer homes, has raised its series B round co-led by Singapore’s K2 VC, valuing the company at over US$1 billion, according to two sources familiar with the deal.

Philippines’s first unicorn and here’s hoping the first of many!

Unless of course you consider Xurpas, as the first unicorn which is valued At Php 1.7 Billion.

Sprout Solutions

Sprout Solutions is a software company that aims to create paradigm­ changing solutions for the Philippines and other developing countries—an emerging market with a robust economy and a great need for localized software. The company aims to help small start­-up ventures, medium­-sized companies, and large businesses grow through their suite of backend solutions that address payroll, HR and recruitment difficulties.

The company’s current products include Sprout’s Payroll Pie, which provides a comprehensive online payroll solution for the Philippines’ business market; Sprout HR, a safe and efficient cloud-based human resource information system; and CATS, a unified system that consolidates all recruitment operations in one system for a seamless hiring process.

Press Realese: Innovation, changing the way HR works

Sprout Solutions underlines the benefits of HR and payroll automation for businesses of all sizes

Taguig City—October 10, 2017 — The recent ‘State of HR in the Philippines’ report published by Sprout Solutions ranked the major pain points Filipino HR (human resource) practitioners face. Garnering the most votes from a thousand participants are recruitment (56.90%), timekeeping (40.30%), and payroll (38.90%). These identified pain points, which can be really tedious and time-consuming, are actual problems for companies operating in the Philippines regardless of its size.

Good news is technology is continuously changing the business landscape. Today, these HR administrative tasks can be automated through cloud-based software solutions that positively impact productivity and efficiency — generally improving a company’s bottom line.

According to Patrick Gentry, CEO and Co-founder of tech startup Sprout Solutions, companies are now recognizing the value of investing in software tools that streamline HR and payroll processes which ultimately, enhance productivity, develop employee-employer relations and meet the changing demands of today’s workplace.

“HR automation is now a huge deal for organizations as it can bring fundamental changes in the roles HR play for business growth. HR professionals can now spend more time establishing insights that provide added value for their workforce as technology gradually eliminates the administrative aspect of their job,” added Gentry.

With the Philippines having a total of thirty-two pay rates including night shift differential, overtime pay, holiday pay, among others, HR and payroll processing can get really complicated. Unfortunately, many business organizations are still doing these tasks manually making them prone to discrepancies, errors and even delays. Such inaccuracies are known to cause mistakes in the salary being paid, often resulting in an unhappy staff and strained relations between employees and employers. Meanwhile, from an operational cost standpoint, these incongruities can also lead to higher expenses.

Aside from that, a number of reports are also required from HR practitioners and/or payroll masters to comply with government mandatories. Filing of forms and getting updated reports from the agencies that monitor and collect employee income taxes and contributions can also get complicated especially for growing businesses.

Sprout Solutions, a provider of locally developed and global-quality HR and payroll software, addresses these major pain points through paradigm-changing solutions tailor-fitted for local enterprises.

The company offers customized solutions for its clients through its two modules: Sprout HR and Sprout Payroll. These programs are world-class software solutions that enable HR professionals to perform crucial tasks, both in payroll and HR, within a single dashboard.

Having all HR data reside on one integrated platform, Sprout makes it easier to track work in progress, daily attendance, leave requests, among others. Their comprehensive payroll system is also able to cut processing time by ninety percent.

Sprout’s cloud-based software tools enable organizations to efficiently comply with government requirements by making mandatory government forms accessible and downloadable (with encoded information) through the payroll module.

The tech startup is known to be the only solutions provider to truly automate complex payroll and timekeeping processes that exist for BPO companies and other time-sensitive industries in the Philippines. It has already earned the trust of more than 200 clients, composed of small businesses and some well-established industry players with thousands of employees and is the first Filipino company to be accepted by Acceleprise, a Silicon Valley enterprise SaaS accelerator. It has since expanded its operations to help businesses grow through its software solutions that address HR and payroll needs.

To know more about Sprout Solutions and its services, visit their website at https://sprout.ph/.

Sogou

Sogou, Inc. is a subsidiary of Sohu, Inc. founded on 9 August 2010. It is the owner and developer of Sogou (Chinese: 搜狗; pinyin: Sōugǒu; literally: “Search-dog”) search engine, Sogou Input and Sogou browser.

Chope

Chope is a restaurant discovery and booking service that is available in 8 cities. The Chope app allows users to reserve a table at 3,000 top restaurants in Singapore, Jakarta, Bali, Hong Kong, Shanghai, Beijing, Bangkok, and Phuket in seconds, all without saying a word.

Wavemaker raises $66m in oversubscribed Southeast Asia tech fund

Jack Ellis, writing for Tech in Asia;

US-Singaporean venture capital firm Wavemaker Partners has closed a US$66 million fund for Southeast Asia – its second focused on the region.

The new vehicle – which exceeded its initial US$50 million target – has been backed by Singapore sovereign fund Temasek Holdings, the World Bank’s International Finance Corporation, and veteran investor Tim Draper, among others. AddVentures, the corporate venture arm of Thai conglomerate Siam Cement Group, also announced an investment in Wavemaker this week.

Hoppler

Hoppler is a Philippines-based online real estate portal that connects brokers and owners of properties in the Philippines.

Hoppler was founded by Ramon Ballesca, who was formerly a senior manager at Epiq Systems (a platform for legal professions) and a senior project manager for CaseCentral (a company that provides management and analytics tools for legal firms and corporations).

India’s Ola Raises $2 Billion From SoftBank, Tencent

Saritha Rai, writing for Bloomberg;

Ola scored $2 billion in new funding from a group of investors including SoftBank Group Corp. and Tencent Holdings Ltd., a person familiar with the matter said, helping bankroll Uber Technologies Inc.’s fiercest rival in India.

Other backers in the ride-hailing startup’s latest financing round included a venture capital fund jointly run by Indian industrialist Ratan Tata and the University of California’s investment arm, as well as several U.S. institutional investors, people familiar with the deal said, asking not to be identified talking about a private deal. The company’s valuation after the financing wasn’t immediately clear.

Money fund their way against Uber!

AdAsia Holdings

Founded in April 2016 by Kosuke Sogo and Otohiko Kozutsumi, AdAsia Holdingsaims to become the biggest technology company in Asia. Both founders have a single vision – to enable marketers, advertisers and publishers in Asia to easily use innovative and intelligent tools to increase returns.

AdAsia provides the best of modern marketing to you on an intelligent, easy-to-use platform and dashboard.

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.

Gogoro

Gogoro is a Taiwanese-based venture-backed company that develops and sells electric scooters and battery swapping infrastructure.

Gogoro was founded in 2011 by Horace Luke and Matt Taylor. Gogoro is putting energy into things that matter. With a mission to deliver consumer innovations that will improve how the world’s most populated cities distribute and utilize energy, the company is enabling the transformation of megacities into smart cities

Leveraging the power of big data and the unrelenting demand for smarter technologies, Gogoro is helping to create a more intelligent and adaptive system for today’s most dynamic cities. They’re working toward a better future by putting power in the hands of everyone, so all of us can move forward, faster.

Source e27, wikipedia

Poundit

Formerly known as YouPoundit, Poundit is an ecommerce site for electronics and accessories that has built partnerhips with about 50 tech brands and authorized distributors including Sony, GoPro, ASUS, JBL, Harman Kardon, and Otterbox.