While we know that a few graduates of the concluded JFDI-Innov8 bootcamp class of 2012 has had investment offers, it is social media marketing company FetchFans who has definitively announced follow-on funding of SGD 720K (USD 567K). Read more
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
5 days before the upcoming JFDI demo day for the JFDI-Innov8 bootcamp 2012, the mentors for the program were invited to hear the pitches from the 11 companies. All the companies have emerged from a tough and grueling hundred days where they had to make difficult decisions for their start-ups. They have come a long way and here are the interesting companies you should take a look at. Read more