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Regional superapp unicorn Grab and Singapore’s Infocomm Media Development Authority (IMDA) recently announced a strategic joint initiative to pilot a fourteen week accelerator program, Grab Ventures Ignite (GVI), with the aim of supporting startups based in Singapore to explore new markets abroad in the region. It is understood that the…Continue Reading

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Dropee, a Malaysian artificial intelligence-powered business to business wholesale (B2B) marketplace startup, utilizes technology to distinguish itself from its competitors by leveraging predictive analytics and artificial intelligence (AI) to enable local retailers and mom-and-pop stores to better source products and manage their inventory in a more efficient manner, by predicting…Continue Reading

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Aspiring unicorn ShopBack, a Singapore-based pioneering cashback and discovery platform startup, announced recently that it has landed US$75 million in an extended Series B round of funding led by Temasek, the Singapore government-owned sovereign wealth fund. Other participants of the cashback app’s extended financing round include existing investors EV Growth,…Continue Reading

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Indonesian Bank Mandiri’s subsidiary PT Mandiri Capital Indonesia (MCI), the corporate venture capital arm of the country’s largest financial institution, recently announced that is currently searching for promising startups in which to invest in as part of a strategic vision to establish a strong foothold in Indonesia’s fast expanding digital…Continue Reading

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The vast majority of cyberattacks that occur today are caused by human error. Cybercriminals are getting more sophisticated with each cyberattack, employing ingenious methods that can bypass conventional layers of security, meaning that error-prone humans often have to act as the final bastion of defense against these malicious actors. This…Continue Reading

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Esports Players League (ESPL), an esports tournament startup based in Singapore, announced recently that it has landed an undisclosed amount of investment from 500 Startups, the renowned early stage venture fund and seed accelerator founded by entrepreneur Dave McClure, as part of its fundraising efforts for its seed funding round….Continue Reading