Rakuten Invests $2.8m In Singapore-Based Serviced Apartment Startup

Singapore-based serviced apartment MetroResidences today announced it’s all set for expansion to key Asian business cities after raising US$2.8 million in series A funding from Japanese ecommerce titan Rakuten. Launched in mid-2014, the startup rents out fully furnished apartments to corporate travelers, offering up to a 40 percent discount on branded providers such as Fraser … Read more

Virtual Gaming Items Marketplace Itemku Raises $1.2m But Legal Issues Persist

Indonesia, today announced it raised US$1.2 million in series A investment from 500 Startups and Korean VC K-Run Ventures. Another Korean investor, which the company didn’t name, also put in cash. Started in 2015, the marketplace called Itemku lets people buy and sell items that exist or are used in games, and takes a cut … Read more

Paktor Appoints Shang-Hsiu Koo As New CFO, Aims To Boost Social Dating in Southeast Asia

Singapore-based social entertainment app Paktor has today announced the appointment of a new Chief Financial Officer, Shang-Hsiu Koo. The position of CFO was previously unfilled. Koo was the former CFO of Jiayuan.com, a NASDAQ-listed Chinese online dating website which is geared towards users seeking marriage. It claims to have over 150 million users on its platform. Prior … Read more

Edutech Startup SkillLane Raises Funding From Founder of Thai Snack Giant Tao Kae Noi

Bangkok-based edutech startup SkillLane announced that it has received an undisclosed amount of funding from the founder and CEO of Thai snack giant Tao Kae Noi, Itthipat Peeradechapan. Tao Kae Noi Director Nutchatpong Peeradechapan has also participated in the round. SkillLane is an online school that offers courses for young professional to develop practical skills … Read more

Jakarta Founder Institute Graduates 9 Startup Founders For Its Sixth Batch

On Monday night, February 13, the Jakarta Founder Institute hosted a graduation party for its sixth batch, which consists of nine startup founders including Rifki Pratomo (Andalin), Errika Ferdunata (Bildeco), Marvinus Kokoh Arif (Fishare), Antonius Stefanus (Neetip), and Erik Hormein (Sevva). The nine founders came out as a result of a selection process invlving 75 … Read more

Unilever Just Launched Its Own Co-Working Space In Singapore

Unilever Foundry, the international consumer goods company’s innovation arm, announced today the launch of Level3, a new co-working space in Singapore. The 22,000-square-foot (2,040-square-meter) space is located at Unilever’s regional headquarters in Singapore’s Mapletree Business City area. It communicates with the rest of Unilever through a well of staircases, giving the impression that Level3 actually … Read more