Eventbrite lays off half their workforce as the events industry shuts down.
The company's share price rose by 15% after the layoffs.
WeWork sues Softbank after pulling out from $3billion tender offer.
SoftBank said it will not be moving forward with the deal due to regulatory issues and unmet requirements.
Airbnb raises $1 Billion to increase cash flow
Airbnb's business has been deeply affected over the past few months
Malaysian government announces RM10 billion stimulus package for businesses.
Wage subsidies for businesses are up to RM1200 per employee.
Stimulus for Malaysian SMEs in the planning.
Many SMEs have been badly affected by the nationwide shutdown.
Malaysian startups can now pitch to 50+ investors online via KK Fund's Meet Your Match initiative.
The total capital available for funding surpasses US $2 billion.
TikTok's twin app Douyin launches movie streaming feature
The platform has 800 million daily active users
Singapore’s startup Doctor Anywhere raises $27 million despite current economy
The company is eyeing expansion to Malaysia and Philippines
Airbnb to pay hosts $250 million on cancellations during this period.
Due to worsening travel industry, cancellations have been taking place globally.
Singapore's Hashtaqs is helping entrepreneurs upskill themselves online during the stay home period.
A survey stated that 39.5% entrepreneurs prefer online learning during this critical period
KK Fund launches initiative to connect startups and investors online.
Helping startups raise funds more effectively during this difficult period.
Singapore's TripGuru offering stranded Malaysians affordable accommodation.
Up to 300,000 Malaysians could be affected in Singapore.
China temporarily suspends all travel into the country.
Visas of foreign nationals have all been suspended.
Investors shut down Singapore robo-advisory startup Smartly.
The firm was acquired in 2019 by Vietnam's VinaCapital.
MDEC launches campaign offering free / discounted services from local tech companies.
To alleviate the struggles SMEs are facing during this difficult period.
Yelp and GoFundMe team up to promote local business fundraisers
Daily Digest 25/3/2020: 10 tech and business news around the world
Facebook reducing video quality as more people stay at home.
Following similar moves from YouTube, Netflix and Amazon.
SoftBank planning to sell US$14 billion shares in Alibaba
Stake sale could range from as little as US$12 billion to as much as US$15 billion
Singapore's GovTech launches contact tracing app.
Using bluetooth technology to estimate the distance and duration when people come in contact with each other.
Malaysian entrepreneur launches News Asia Today to help businesses reach consumers in Asia.
The company will cover lifestyle, technology, and business news surrounding Asia.
About
Leesum represents FasterCapital as their first Regional Partner in Singapore. She’s has 12 years of business and corporate development and currently a consultant with en world Singapore for tech startups and MNCs in Southeast Asia, the founder of BLCKDWRF consultancy, advisor for R&D corporate playground startup, N5.ai and the former co-founder of a scuba travel tech, Divegraphy. - first in S.E.ALeesum represents FasterCapital as their first Regional Partner in Singapore. She’s has 12 years of business and corporate development and currently a consultant with en world Singapore for tech sta ... (Read more)
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Investment Profile
Amount: USD 50,000 - 2,000,000
Stages: Seed, Early Stages
Sectors: Technology, Internet, Mobile
Locations: Southeast Asia
FasterCapital as a virtual incubator provides idea validation, feasibility study, market analysis, product development, help in sales/marketing, mentorship and financial help until the startup is cashflow positive.
Offering a possibility for starups to raise enough capital at the right time. The VC accepts and invests in IT startups, online businesses for both programs, such as incubation and acceleration.
As co-founders FasterCapital works with intrepreneurs on developing the software side of the startup (Mobile & Web).
FasterCapital is ready to support the startup and finance it over a period of 1-2 years, until it starts generating income.
tian.leesum@fastercapital.com
Companies & Work
Expertise & Roles:
