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Zilingo Pte, one of Singapore’s highest-profile startups, has suspended Chief Executive Officer Ankiti Bose after an effort to raise new funding led to questions about the company’s accounting, according to people familiar with the matter. The company, which…
Convenience giant bp is teaming with Uber Technologies on a new global strategic convenience delivery partnership, extending their existing local arrangements to reach more consumers across the world, the companies announced Tuesday. Together, bp and Uber…
M Village, an accommodation startup in co-living spaces, has received funding of US$1.7 million led by Singaporean venture fund Simple Tech Investment. The money will be used for expanding the number of rooms the startup has in Ho Chi Minh City from the…
While we all wait for the rollout of the city’s anti-pandemic fund to support residents and businesses affected by the ongoing public health crisis, some of Hong Kong’s biggest companies have also stepped up to help. In a recent announcement, foodpanda, the…
Deliveroo HK is taking steps to reduce food packaging waste generated by its restaurant partners. The delivery giant is investing HK$2 million to incentivize a scheme that will encourage restaurants to use plastic-free packaging for their delivery orders. It…
Ride-hailing giant Grab will raise all fares from March 10, the first tech-based transport firm to do so amid record-high gasoline prices. GrabCar’s first two-kilometer fare will be raised by VND2,000 ($0.09) to VND29,000 for four-seater and VND34,000 for…
Deliveroo, Hong Kong’s leading food delivery company, today announced its first-ever Share of Stomach report for Hong Kong, following its initial launch last year in the UK. The poll examines the city’s growing interest in food delivery that has persisted…
Digital receipts fintech Slyp has closed a $25 million Series A with the backing of Australia’s big four banks, and plans to use the fresh cash to launch new products and features on its platform. The oversubscribed funding round was supported by new…
Singapore’s Institute of Technical Education (ITE) and Nvidia have entered a three-year partnership to collaborate in enhancing AI training for ITE students, through a jointly developed AI workforce readiness programme. This involves the establishment of an…
Mio, a Vietnam-based social commerce startup, has raised US$8 million in a series A funding round led by Jungle Ventures. Patamar Capital, angel investor Oliver Jung, and existing investors such as Golden Gate Ventures, Venturra Discovery, Hustle Fund, iSeed…
Vietnam could be Asia’s next startup hub after local companies saw a funding surge over 40 times in the last five years, a venture capitalist said. Venture funding for startups in Vietnam reached $2.1 billion last year, up from just $48 million in 2017, Binh…
HungryPanda, the global leader in Asian food delivery, is today pleased to announce that it has acquired Australian food delivery platform EASI and New Zealand Asian food delivery platform BUY@HOME. These two transactions will help HungryPanda improve its…
Food production company My Foodie Box, is hungry for ASX funds. Brian Hughes, chair Pitcher Partners, with his wife, seek to take their fresh food box business to Australian investors through an AU$6 million IPO. The retail offer for IPO is still open and the…
Indian on-demand grocery-delivery service, Zepto, has bagged US$100 million during its Series-C funding, taking its value to US$570 million within five months of its launch. Led by Y Combinator’s Continuity Fund, the round included investors Nexus, Breyer…
The Kraft Heinz Company KHC is committed to accelerating its international growth strategy focused on the Taste Elevation platform. In this regard, the company entered into an agreement to buy 85% stake in Germany-based Just Spices GmbH (“Just Spices”). The…
Leading Indian car rental platform will begin operations in Vietnam next week. Users can start booking cars, including SUVs and hatchbacks, on its website and smartphone app starting Monday, a media representative said. “We hope to reach 2,000 vehicles on the…
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