Flocations and ShopSpot, two of the incubatee startups at the JFDI-Innov8 2012 Bootcamp, have received investment offers from SingTel Innov8, the telco company’s investment arm.
While ShopSpot has indicated that they will accept the offer, Flocations has not made a final decision as they are still in talks with other investors.
SGE was told of the news during an exclusive interview today with SingTel Innov8 CEO Edgar Hardless, who took over as the new head just under two months ago.
Singapore-based Flocations has built a web app that enables travelers to search for destinations by price, using a highly-visual interface. Users would then be redirected to partner sites to book their plane tickets and hotel rooms.
For now, they are monetizing using a hotel affiliate program with Agoda. They plan to monetize on flight ticket purchases soon, and even move towards travel insurance, flights, e-guides, flash deals and packages. Read more
PropertyGuru, a leading property portal company in Asia, announced last week that their revenue and Internet users have more than doubled in a year, compared to the same period in 2011.
The Singapore-based company claims to have market leadership in Singapore, Thailand, Malaysia, and Indonesia.
Its main competitor is Malaysia’s iProperty, which also has a presence in several Asia-Pacific markets.
PropertyGuru’s revenue growth, which grew 2.4 times, is attributed to a 50 percent increase in paying agent subscribers to over 19,100 members, a rise in large contracts from real estate developers and non-property advertisers across the region as well as a successful newly-created regional events business since April 2011.
(Read: Interview with CEO Steve Melhuish on how PropertyGuru conquered foreign markets)
Creative Mixer brings together creatives, hackers, entrepreneurs into a single space to redefine creativity.
Eight speakers enlighten us with bite-sized presentations on creativity across diverse fields. Who knows what will happen after, when creatives, entrepreneurs and hackers get together?
We believe in collaboration between entrepreneurs, developers and creatives in design, photography, film, architecture, animation/illustration and writing. Come to be inspired, inspire others, and find the strange common denominators!
100 opinion leaders and professionals in these industries. This thurd edition of Creative Mixer will feature sharings by:
Andreas Schlegel, Coordinator of Media Lab at Lasalle College of the Arts
Andy Croll, CTO at ImpulseFlyer
Lim Si Ping, Illustrator at Pixel-pastry.com and Artistic Director at Tribal DDB
Mike Ng, Penhaligons Singapore Creativity in Luxury
Tan Suehli, Type Designer, Kuala Lumpur
Cherry Thian, Asian Civilisations Museum Augmented Reality
Jasper Yu, Fine Art Photographer
6.00 / 6:30PM Patterns of Trade Exhibition Tour
7:00 – 7:15PM Welcome & Registration
7:15 – 8:15PM Dinner & Networking
8:15 – 9:00PM Sharing Sessions
9:00 – 10:00PM Mix the night awaay!
SPONSORS: Asian Civilisations Museum (Venue Partner), Spizza (Food Sponsor)
SUPPORTED BY: Girls-in-Tech Singapore & SGEntrepreneurs.com
When: 7 June 2012 (Thu), 7pm-10pm
Where: Asian Civilisations Museum Auditorium
Who: 100 Hackers, Entrepreneurs and Creatives from Design, Photography, Film, Architecture, Animation, Illustration
How: RSVP at http://creativemixer3.eventbrite.com
Registration Fee: $25 + $2 (ticketing) including food, a glass of wine & complimentary museum tour
Wego, a travel metasearch company focused on the Asia-Pacific, announced yesterday that it has invested in Valadoo, an Indonesia-based social commerce travel business that provides members with a curated selection of unique, discounted travel offers targeting the country’s growing number of leisure travelers.
This investment is part of the Singapore-based company’s strategy to develop the Indonesian travel industry, which is one of the fastest growing in Asia. Terms of the deal were not disclosed.
Valadoo offers getaways to both domestic and international destinations, such as exotic dive packages in Raja Ampat Papua, as well as shopping trips to Hong Kong and Singapore. Read more
The Sunny Side-Up Saturday series is a new initiative by the Singapore infocomm Technology Federation (SiTF) that aims to bring like-minded entrepreneurs together to exchange ideas and share experiences with each other.
Held on the last Saturday of each month, distinguished speakers will also be invited to each session to share their thoughts and experiences.
For the first instalment, they have Roger Yuen, CEO of Clozette to share his experiences during his startup journey. Most recent of which involves the closing of a Series A funding of S$ 2.4 million (about US $1.9 million). Find out what went through his mind as Clozette progressed from a bootstrapped startup to a leading fashion community and social shopping network in Asia.
When: Saturday 2nd June 2012
Where: What’s Next Studio @ F11, 3 Fusionopolis Way, #11-17, Symbiosis
The SiTF Awards aims to promote and recognize local innovative ICT applications/solutions developed by companies and institutions in Singapore.
In 2011, there were almost 150 nominations, of which, 52 finalists were selected and 13 teams triumphed in their categories, ranging from Cloud Technology to Mobile Applications and Interactive Ideas, to clinch the top awards.
Organized by the Singapore infocomm Technology Federation (SiTF), the SiTF Awards is the perfect opportunity for startups to showcase their product and solutions to the CIOs, VCs and investors and receive insights into how IT leaders, VCs and Investors look at when determining the viability of a product/solutions. Over and above that, it is a platform for you to create awareness for your innovative product / solution.
Winners will be announced at the Awards ceremony. This year, the awards ceremony will be held in conjunction with SiTF 30th Anniversary on 30th August 2012 at Marina Bay Sands and will be attended by over 500 ICT professionals and ‘C’ level executives together.
One category startups could consider would be the Interactive Ideas Category where startups will have the chance to receive funding of up to $50K.
Find out more about Nominations here.
Officially, SingTel‘s acquisition of HungryGoWhere for US$9.4M, Singapore’s number one food portal, was a few months in the making. Unofficially, the building blocks were being laid for three years.
The congenial work relationship between both HungryGoWhere and the InSing.com team was a key factor in the co-founders’ decision to join SingTel.
InSing.com is a lifestyle portal operated by the telecommunications company, covering food, shopping, events, travel, and more. Both sites’ food channels have a combined two million visitors a month.
“We know the people working in the inSing team. When they started off we actually helped with a couple of building blocks. So we know them from day one. The personal chemistry was there, and there was a high level of comfort,” said Yung Yih, who started HungryGoWhere, in a conference call between SGE and all three co-founders.
Social media giant Twitter has been hosting sessions to meet the many developers building applications on its platform.
Developer Teatimes allows the Twitter team to share the latest developments with the Twitter platform, areas of demand within the ecosystem that they’re seeing, and technical dives into integration opportunities for developers. They will also be holding a Q&A session with members of the platform team, plus time to hang out with each other.
Members from the Twitter developer relations team will be calling in remotely over Skype for audience Q&A as well.
First held in London, then New York. Developer Teatimes have now been held across the continents in Toronto, Buenos Aires, Nairobi and now in this part of the world. In Southeast Asia, there are two upcoming sessions, one in Singapore and the other in Manila.
When: Tuesday June 5th 2012
Time: 10am to 12pm SGT
Where: PlugIn@Blk71, 71 Ayer Rajah Crescent #02-18 Singapore 139951
Register for the Singapore session here.
In Manila, Philippines:
When: Thursday June 7th 2012
Time: 9am to 12pm PHT
Where: 5/F Orient Square Bldg, F. Ortigas Jr. Road, Ortigas Center, Pasig City, NCR
Register for the Manila session here.
“I’m a good boss, I really am,” John Fearon, founder and CEO of DropMySite, tells me, in full earshot of his employee at their office in Block 71, Ayer Rajar Crescent, considered the nexus of Singapore’s technology startup scene.
He was making a point about how he’d be a bad subordinate but a good leader who is comfortable with starting things.
“I’m one of those that can go into the room and self-combust.”
With all his self-confidence (whenever he speaks at conferences, he start with,”Hi, I’m amazing”), it’s easy to assume that John, who comes from South Africa, has a string of successful businesses to stand on. Not at all.
I prod him about the number of failed businesses he had.
(Photo: John being featured in an Amazon Web Services video)
John struggles to find his words, which is a rarity. He’d lost count, but finally arrived at an initial figure: Five. Read more
This is the third OpenCoffee Club event in Singapore. Now a worldwide movement, OpenCoffee Club originated in London and was started to encourage entrepreneurs, developers and investors to organise real-world informal meetups to chat, network and grow a better ecosystem.
When: Thursday, 31st May 2012
Where: The Pigeon Hole, 52 & 53 Duxton Road, Singapore, Singapore 089516