Three years ago, we wrote about Foody, then still a young upstart struggling to be the Yelp of Vietnam. At the time Foody had 13,000 points of interest (mainly restaurants). By January last year, Foody hit over 45,000, and today it’s at 115,000 (comprising travel, beauty, healthcare, shopping, schools, and wedding services). So it’s rather timely that Foody is today announcing its latest series B funding along with publicly announcing its diversified business model.
Ethernity Networks Ltd. is demonstrating its new OpenFlow-enabled hardware acceleration network interface card this week at the 2015 NFV & SDN Summit in Paris. The solution is for use in network functions virtualization-based products such as virtualized customer premises equipment and evolved packet cores, for which it can accelerate performance by up to 50 times.
Startupbootcamp Fintech Singapore, part of a global accelerator network whose Singapore branch specialises in financial technology, has established strategic partnerships with PwC Singapore, Pix Vine Capital and Jungle Ventures.
CROWDLENDING, otherwise known as peer-to-peer lending or debt crowdfunding, is increasingly a viable source of alternative financing for SMEs and startups here, what with the launch of new crowdlending platform Capital Match this week, just five months after MoolahSense (Singapore’s first such platform) debuted last November.
Crowdfinancing in Singapore is about to enter a higher gear. MoolahSense, a Singapore-based startup that is targeting the SME market announced it has raised a round of funding led by East Ventures with participation from Pix Vine Capital.
Playbuzz, the most shared website on Facebook according to NewsWhip, announced Wednesday it has raised a $16 million funding round. The Series B round was led by venture capital fund 83North, with additional funding from Saban Capital, and existing investors Carmel Ventures and FirstTime Ventures. That brings the 3-year-old company’s total funding to date up to $19.8 million, according to CrunchBase. MORE on BusinessInsider
Mr Oswald Yeo, Mr Seah Ying Cong and Mr Looi Qin En, all 21 years old, put their studies and scholarships on hold at the Wharton Business School and University of California, Berkeley, to help tackle the problems confronting the 75 million unemployed young people in the world. MORE on The Straits Times
Founded in 2012 by Shaul Olmert, the son of former Israeli Prime Minister Ehud Olmert, and launched just one year later, this startup is now the most shared site on Facebook, beating out household names like “The Huffington Post” and viral content competitor BuzzFeed. MORE on NoCamels