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All posts by Tech In Asia

Tech In Asia
Tech in Asia is an online technology news startup based in Asia, with team members all across the region. As a crew of journalists and bloggers with a passion for new ways of delivering the news, we’ve bonded together under one goal – to create a great Asia-focused tech news site to tell the world about the wonderful things that are happening here. Subscribe to our daily newsletter.
  • To sell or not to sell? Things to consider when someone offers to buy your startup

    Serious entrepreneurs don't build a company with an aim to sell it. They build it to solve a problem. But a startup may struggle or run out of cash. Or maybe the founders will get tired, have a fallout, or get an extremely attractive buyout offer on the table. This exit offer can come from a customer, partner, rival, vendor, or even another big company. In those scenarios, exiting becomes the end goal for several entrepreneurs. But how does one navigate that curvy road? The panel on "Exits and M&As" at the Tech in Asia Bangalore 2016 conference saw Miten Sampat,...

  • 4 things to consider if you’re prepping your startup for acquisition

    If there's one big, open secret in the world of startups -- in India and around the world -- it surely is that not every founder will live to take their company down the IPO route. For every Facebook and Alibaba, there are thousands of others that either get bought out or, if unlucky, have to shut shop. However, as the industry matures, consolidation has become a much sought-after road to exit. But how does one build a company for an acquisition? Industry experts discussed the elusive road to exits today at Tech in Asia Bangalore 2016. Here are four tips...

  • Meet Asia’s first accelerator for AI startups, founded by a Techstars London director

    There's a new startup accelerator in Hong Kong called Zeroth.ai, and it's accepting applications from artificial intelligence startups throughout Asia. It's started by Tak Lo, who was a director at Techstars London. Techstars is one of the pioneers of the startup accelerator movement. The accelerator has on its team Skype co-founder Jaan Tallinn and Jon Bradford, the former managing director of Techstars London. Zeroth will offer mentorship and US$20,000 in capital to startups for 6 percent equity. The first program will be run from November 7 this year to February 17, 2017. The accelerator is named after zero-based numbering, which is basically...

  • 9 lessons running taught me about running a startup

    Since becoming an avid runner and launching my startup, Tripovo, last year, I can't help but notice that entrepreneurship and running have a lot in common. Here's what I've learnt. 1. Start with baby steps You don't wake up one day and run 28k (well, perhaps some super-fit person could do, but I certainly didn't!). You start small, with achievable goals – you see how far you can run in 20 minutes, then 30 minutes, then set yourself bigger goals: 5km, 7km, 10km… up to my new PB (apologies for the fitness language, personal best) of 28km yesterday. You get my message...

  • Airbnb for home dining raises seed funding to build up its global community

    Singapore-based BonAppetour, an ‘Airbnb for home dining’, has raised a seed round worth US$500 000, it announced today. The investment comes from entrepreneur and investor Wong Toon King and telecommunications infrastructure contractor firm Prasetia Dwidharma. BonAppetour helps travellers find local hosts who invite them to enjoy home-cooked meals. It adds an online social layer to having people over for dinner and gives visitors a chance to connect with a local culture through food and hospitality. The startup was founded in 2013 and started building a community in tourist havens across Europe, such as Paris, Rome, and Barcelona. The team curates its...

  • 5 crucial things investors should know about timing the investment cycle

    Understanding where we may be in an investment cycle is difficult but worth the effort. Trying to time an investment cycle, however, is nearly impossible. For early stage investing, in particular, there are some important points to consider when thinking about the investment cycle. Timing a moving target While markets move up and down, each cycle is different. In particular, people are usually responding to what happened in the previous cycle. This includes both market participants, who tend to overweight recent events, and the regulators, who make rules to deal with the problems of the previous cycle. As a whole, markets are...

  • Alibaba’s Hong Kong fund throws cash at ‘Uber for vans’ startup GoGoVan

    On-demand logistics startup GogoVan raised a series C funding round, it announced today. The funding amount is undisclosed, but is described as “a decent amount for future business expansion.” The round was led by private equity firm New Horizon Capital and was joined by Singapore Press Holdings, Hotung Investment Holdings, and existing investors. Alibaba’s new US$130 million Hong Kong Entrepreneurs Fund also participated. “This round of funding is fully committed and our new shareholders are very supportive in our strategy and growth plan,” GoGoVan head of operations Eugene Lee tells Tech in Asia. The startup says these investors will also be providing...

  • It’s hot in Asia: VC funding doubled year-on-year in Q1 2016

    Talks of a cooldown appears to be just that – talk. For now at least. According to Tech in Asia’s data, venture capital funding in Asia has doubled in Q1 2016 compared to the same period in 2015. Things get even more interesting when we break down the numbers by region. China has grown at a blistering pace, with its venture capital funding doubling to US$14.5 billion in Q1 2016 against Q1 2015. The country’s cooling stock market appears to have not affected investor confidence yet. Southeast Asia exhibited the most growth in terms of percentage: it grew 2.5 times to...

  • Stores use music to boost sales, this startup applies the concept to online retailers

    There’s a clear, demonstrated effect of music on sales performance, with the right kind of tune helping stores significantly increase footfall and influence purchase decisions. Research from Gensler (PDF Link) also shows that the use of music can help businesses create emotional engagement around their product and strengthen their brand. And, as almost every marketer will tell you, consumers buy experiences and products from brands they personally identify with. With so much of the world’s commerce shifting to online channels, why not apply the same principles to internet companies? That’s the niche Israel-based righTune aims to tap into. The startup works...

  • Nuren, an ecommerce firm for brides and mothers, scores $2m series A from Gobi Partners

    Anyone who’s gotten married will tell you – weddings are stressful. It’s a ton of work and drowning in the details, which can take away all the excitement for what’s supposed to be the best day of your life. That’s why Malaysia-based Nuren wants to simplify the whole planning process for brides-to-be. The startup operates ecommerce sites (Wedding.com.my in Malaysia and Nuren.sg in Singapore) that offer tips and advice on each step, and link you with vendors who can help you with whatever you need. Co-founded by Petrina Goh, Kelvin Leow, Stacey Lee, and Alice Ong, the company also offers consulting...