Rotimatic gets new breadwinner

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray Holdings, a special-purpose vehicle incorporated in the British Virgin Islands, regulatory filings show.

BT EXCLUSIVE

Rotimatic-maker flips ownership in trade sale

ZIMPLISTIC, the Singapore-based company behind Indian flatbread-making machine Rotimatic, has been fully sold to an entity called Light Ray Holdings.

Proptech startup Propseller raises S$1.7m in seed funding

PROPSELLER, a Singapore-based tech-enabled real-estate agency, has raised S$1.7 million in seed funding.

TOPLINE

Diversification is a full meal at Sats

A BLOW to the travel sector during the Covid-19 pandemic has validated and accelerated Sats's plans to diversify its revenue streams out of both aviation as well as its domestic market of Singapore.

BT EXCLUSIVE

Pet relocation and prices surge with easing of cross-border curbs for owners

MORE pets are now jet-setting across the globe, in tow of owners who are finally travelling after Covid-19 restrictions closed off much of the world. Pet relocators told The Business Times that the past six months have been a rollercoaster as they juggled unpredictable flight schedules, higher...

Supply chain tech startup Tramés raises seed funding led by Kamet Capital Partners

SINGAPORE-BASED Tramés, which is building a technology platform to unify and digitise workflows for shippers and their logistics partners, has raised a seed round led by Singapore-based multi-family office Kamet Capital Partners. The funding amount was undisclosed.

TOPLINE

Can Razer sharpen its strategy?

RAZER was one of Hong Kong's hottest tech listings in 2017. But the stock has fallen 47.4 per cent since. The company is evolving, but investors aren't completely sold.

Food industry executives launch plant-based meat startup Next Gen

A GERMAN entrepreneur and a former Country Foods executive have teamed up to launch a plant-based meat startup in Singapore called Next Gen.

GARAGE

Tech funding in Vietnam dips in H1 2020 after bumper 2019

WHILE 2019 was a blockbuster year for tech deals in Vietnam, funding in the first half of 2020 saw a drop as travel restrictions and uncertainties in global financial markets disrupted deal-making activities.

Geopolitical divides present opportunities for localisation: panellists

WITH geopolitical divides here to stay, the trend is likely to throw up opportunities for entrepreneurs to develop products and solutions that are more localised, said panellists at a virtual event on Wednesday.

Vietnam tech investments soar in 2019 but dip in H1 2020

WHILE 2019 was a blockbuster year for tech deals in Vietnam, funding in the first half of 2020 saw a drop as travel restrictions and uncertainties in global financial markets disrupted deal-making activities.

Razer, Funding Societies partner to provide merchant loans

GAMING hardware and software firm Razer is teaming up with Funding Societies, a digital crowdfunding platform for merchant loans, to provide short-term business financing to merchants.

ShopBack and RedDoorz investigating data breaches

CASHBACK company ShopBack and budget hospitality firm RedDoorz are investigating breaches of their IT systems that might have compromised their customers' personal data.

Robo-adviser Syfe gets US$18.6m led by Peter Thiel's Valar Ventures

DIGITAL wealth manager Syfe has closed an US$18.6 million Series A funding round led by PayPal co-founder Peter Thiel's Valar Ventures, which previously backed Xero, TransferWise and German neobank N26.

NEWS ANALYSIS: DIGITAL BANKS

Will cybersecurity blunders hurt chances of digibank hopefuls?

THE data privacy lapses at Razer and Grab that recently came to light raise questions about how ready digital bank hopefuls are in tackling banking's stringent security demands.

Razer's data leak may have affected 100,000 customers globally

A SERVER misconfiguration caused gaming hardware firm Razer to potentially expose the data of about 100,000 global customers, including their personal information, order details and shipping information.

Data of Razer customers, potentially 100,000 individuals globally, exposed

A SERVER misconfiguration caused gaming hardware firm Razer to potentially expose the data of about 100,000 global customers, including their personal information, order details and shipping information.

Alibaba's entry might affect Grab-Gojek merger talks

ALIBABA is said to be in talks to invest an eye-watering US$3 billion in South-east Asian ride-hailing firm Grab. Observers say that the deal, if it bears fruit, could complicate efforts for a reported merger between Grab and rival Gojek.

Grab fined S$10,000 for compromising the data of more than 21,000 individuals

SINGAPORE'S privacy watchdog, in a decision paper made public on Thursday, disclosed that it fined ride-hailing firm GrabCar S$10,000 in July this year, after a 2019 update to its mobile app put the data of 21,541 drivers and passengers at risk of unauthorised access.

Privacy watchdog says it fined Grab S$10,000 for potentially exposing individuals' data

SINGAPORE'S privacy watchdog, in a decision paper made public on Thursday, disclosed that it fined ride-hailing firm GrabCar S$10,000 in July this year, after a 2019 update to its mobile app put the data of more than 21,000 drivers and passengers at risk of unauthorised access.

Grab to train 3,000 food-delivery merchants

GRAB is rolling out an online training programme that features more than 20 modules to help merchants grow their food-delivery businesses.

Cross-border payments startup Thunes raises US$60m led by Helios

THUNES, which operates a business-to-business cross-border payments network, has raised US$60 million in a Series B funding round led by Africa-focused Helios Investment Partners.

Agritech startup Aerospring raises S$1m led by Sirius Venture Capital

AGRITECH startup Aerospring Gardens has raised S$1 million in a pre-Series A round led by Sirius Venture Capital.

Grab aims to train 3,000 food-delivery merchants by end-2020

GRAB is rolling out an online training programme that features more than 20 modules to help merchants grow their food-delivery businesses.

Equity management platform Qapita raises US$1.8m in seed round led by Vulcan Capital

QAPITA, a Singapore-based startup that provides software to manage a company's equity, has raised US$1.8 million in seed funding. The round was led by Vulcan Capital, the investment arm of Vulcan Inc, which was founded by late Microsoft co-founder Paul Allen.