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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.
  • How to think like a VC before asking for funding

    "Your startup is interesting, but come back to me when you have more traction." This is a common diplomatic phrase made by VCs when they are not keen on investing in you, but keeping the door open just in case you suddenly become a hot investment. Since my days of pro-bono advisory to over 600 startups, fundraising has been trying, if not vexing and complex for noob startup entrepreneurs. (Hey I have been there myself too.) Coming full circle from being an entrepreneur who raised funds, to now a VC who raises from Limited Partners (LPs) and assesses startups to invest in,...

  • Vickers Venture Partners is raising $250 million for its new global fund

    Despite fears of a slowdown that has already caused some sobering devaluations in markets like India and China, it seems that venture capital will continue to flow for a little while yet. Singapore-headquartered investment firm Vickers Venture Partners plans to pour some water into that stream with its newly announced fund with a target size of US$250 million. Vickers has already raised US$63.5 million from existing investors. Capped at US$400 million, it could become one of the largest funds by a Singapore VC so far, close to the US$600 million fund that Temasek poured into subsidiary Vertex Ventures last October. It’s...

  • A startup wants to solve India’s farmer problems with data and tech

    My family has owned a farm for years and we’ve always made our money growing and selling vegetables, but things have been changing. To sustain ourselves, we now need to sell to people in cities – customers whose faces we’ve never seen and are only talked about by the men who arrive once a week in big trucks to sift through our vegetables and throw half of them away. Some give us reasons – the eggplants we grow aren’t worth anything because they’re not popular this year, or less lumpy potatoes have become the fad – how would we know...

  • 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...