对象已移动

可在此处找到该文档 9 S’pore startups that became unicorns in 2021 – New Self New Life
New Self New Life
No Result
View All Result
  • Home
  • Entertainment
  • Celebrity
  • Cinema
  • Music
  • Digital Lifestyle
  • Social Media
  • Softwares
  • Devices
  • Home
  • Entertainment
  • Celebrity
  • Cinema
  • Music
  • Digital Lifestyle
  • Social Media
  • Softwares
  • Devices
New Self New Life
No Result
View All Result
Home Digital Lifestyle

9 S’pore startups that became unicorns in 2021

by admin
4 years ago
in Digital Lifestyle
9 S’pore startups that became unicorns in 2021
Share on FacebookShare on Twitter


It’s the time of the yr, the place we glance again and mirror at our lives and actions over the previous 12 months. It’s additionally a time the place we pat ourselves on the again for surviving one other pandemic yr and rejoice the wins that occurred on this interval.

2021 can be a yr many Singapore startups had a job effectively achieved too, having obtained recent funds and clinched the extremely coveted “unicorn” rating. A unicorn is a time period used within the enterprise capital world to explain a privately held startup with a valuation of over US$1 billion. They’re referred to as unicorns as a result of they’re uncommon and sometimes have seen skyrocketing success or market traction, therefore attaining an nearly mythical-like standing.

Components that drove the excessive valuations are because of strong funding from personal fairness markets within the Southeast Asia area over the previous few years, supported by a rising center class and a rise in smartphone and knowledge utilization.

Covid-19 has additionally supplied a lift to a number of sectors of the economic system comparable to FinTech and e-commerce because of a rise in tech demand and digital adoption.

We check out an inventory of 9 startups that reached unicorn standing this yr.

Ninja Van

The logistics agency raised US$578 million in its newest funding spherical with buyers together with Chinese language e-commerce large Alibaba Group.

It was Ninja Van’s greatest fundraise since its inception in 2014, lifting the agency’s valuation to above US$1 billion. The logistics startup will use the recent funds to construct its infrastructure and tech platform.

Picture Credit score: Ninja Van

Based in 2014, Ninja Van has turn out to be one of many area’s fastest-growing tech-enabled logistics companies. The startup is claimed to be making ready to go public as quickly as subsequent yr. 

It claims it delivers round two million parcels a day all through the area, and employs greater than 61,000 workers and supply personnel.

Carousell

It “joined” the billionaire membership on September fifteenth this yr after elevating US$100 million in its newest funding spherical, taking its valuation to US$1.1 billion. The nine-year-old startup runs an e-marketplace that sells second-hand merchandise from automobiles to clothes.

The most recent spherical was led by South Korean personal fairness agency STIC Investments, and Carousell counts enterprise capital companies together with Golden Gate Ventures and EDBI as its buyers.

Carousell CEO Quek Siu Rui / Picture Credit score: Bloomberg

The funds raised will help its growth plans. It at present has a presence in eight Southeast Asian markets.

CEO and co-founder of Carousell Quek Siu Rui had mentioned that the pandemic has accelerated the adoption of digital providers and is an “alternative for the agency to double down on recommerce efforts”.

Carousell is at present engaged on authentication capabilities for higher-value merchandise, together with luxurious items and automobiles.

PatSnap

In March this yr, the intelligence platform raised US$300 million for its Collection E funding, clinching a valuation of  US$1 billion. Heavy backers the likes of SoftBank and Tencent Funding supported the funding spherical.

PatSnap is a supplier of patent analytics and its model identify is brief for ‘patents in a snap’. Based in 2007, it has greater than 800 workers and 10,000 shoppers. Prospects embody Spotify Expertise and Xiaomi Corp.

PatSnap founding workforce members / Picture Credit score: PatSnap

The startup spent greater than 10 years amassing patent knowledge from 140 international locations and makes use of synthetic intelligence (AI) to offer insights to clients. Customers kind key phrases and phrases on the platform like “FinTech” to get details about firms, tech, and inventors within the area.

It makes income by charging clients a subscription charge that ranges from US$5,000/yr to US$30,000/yr, relying on utilization.

Nium

A funds platform for cross border funds, native accounts, and card issuance. The startup raised US$200 million in a Collection D spherical led by Riverwood Capital in July this yr and reached unicorn standing.

Notable buyers embody Temasek Holdings, Vertex Ventures Southeast Asia, and Riverwood Capital. In whole, Nium has raised US$280 million in over seven funding rounds.

Picture Credit score: Nium

The funds might be used to boost Nium’s funds infrastructure and construct on embedded FinTech providers.

Based in 2014, Nium co-founder Prajit Nanu considered organising the enterprise after he bumped into issues sending a small sum of cash from India to Thailand. As we speak the agency has greater than 200 shoppers, together with SingTel.

Matrixport

It’s a digital belongings and monetary providers platform that helps investing and buying and selling in cryptocurrencies.

The 2-year-old startup reached US$1 billion in valuation in June this yr, after its newest fund increase. The Collection C spherical was led by DST International, K3 Ventures and different contributors together with Tiger International and A&T Capital.

Picture Credit score: Matrixport

As of March this yr, the agency claims it holds over US$10 billion of shopper belongings beneath administration (AUM) and custody. It plans to go public in three to 5 years and has set the goal of a whole lot of billions of {dollars} in AUM and clients by the identical interval.

Matrixport is a spin-off from Bitmain, the world’s largest maker of Bitcoin mining rigs. Billionaire Wu Jihan, who’s co-founder of Bitmain, resigned as Chairman and CEO from that firm in January this yr, after years of energy wrestle along with his co-founder Micree Zhan. Wu now serves because the chairman of Matrixport.

In accordance with the agency, it’s profit-making. It took in US$7 to US$8 million in income for 2019.

Bolttech

An insurtech startup, it accomplished an oversubscribed US$180 million Collection A spherical in July this yr. The valuation brought about the agency to rise to unicorn standing.

Bolttech goals to attach insurers, distributors, and clients to make it simpler and extra environment friendly to purchase and promote insurance coverage and safety merchandise.

Picture Credit score: Bolttech

It claims to be the biggest insurance coverage change on the earth, transacting US$5 billion in premiums on the platform and gives a gateway to greater than 5,000 merchandise and 150 insurance coverage suppliers.

The corporate is barely barely a yr outdated, and it has over 1,400 workers and a presence in 14 markets throughout Asia, North America, and Europe. It claims it serves 7.7 million clients.

Carro

One other consumer-facing startup additionally joined the unicorn membership in June this yr. That’s after it accomplished a US$360 million funding spherical led by SoftBank, aimed toward supporting its regional growth plans. The web platform permits clients and wholesale companies to purchase and promote automobiles with a pricing algorithm that locates the perfect offers.

This made it the primary auto market to realize a billion greenback valuation within the final 5 years. Part of the funds might be used to strengthen its companies in Singapore, Malaysia, Indonesia, and Thailand.

The Carro workforce / Picture Credit score: Carro

The startup will even faucet on the funds to broaden its monetary providers and enhance its AI capabilities. Carro is claimed to be making ready for a US itemizing that can occur within the subsequent 1.5 to 2 years.

The auto market startup was began by Aaron Tan and two of his college schoolmates in 2015 with the purpose to sort out an absence of transparency within the area’s car buying and selling market. 

Advance Intelligence Group

The AI tech startup is mother or father firm of purchase now pay later (BNPL) platform Atome, FinTech agency Advance.AI, and digital lending platform Kredit Pintar.

In September, it closed a US$400 million funding spherical from an investor consortium led by SoftBank Imaginative and prescient Fund 2 and Warburg Pincus. This valued the agency to achieve US$2 billion, 5 occasions greater than its earlier valuation in 2019.

Picture Credit score: Advance Intelligence Group

The capital injection will assist the corporate develop its BNPL platform and digital lending presence throughout Asia. It’ll additionally help AI and large knowledge analysis in addition to develop its expertise pool.

The group has over 1,500 workers throughout 12 markets in Southeast Asia, China, and Latin America.

Moglix

The six-year-old e-commerce startup obtained recent funds of US$120 million from buyers in Might this yr, valuing its enterprise to US$1 billion.

It was final valued at near US$300 million in July 2019, the place it raised US$60 million.

Picture Credit score: Moglix

Moglix gives producers with industrial items and is engaged on a collection of producing providers from begin to finish – procurement, packaging, supply-chain financing, and software program.

The startup claims it has supplied options to greater than 500,000 small and medium enterprises and over 3,000 manufacturing vegetation throughout Singapore, India, the UK, and the UAE.

Funding exercise in Singapore set to proceed

Calculating the overall quantity of funds injected into the 9 Singapore startups for this yr, it provides as much as over a whopping US$2.24 billion.

Singapore continues to be the chief in offers exercise in Southeast Asia. Distinguished funding in Singapore consists of the US$578 million fundraise for Ninja Van, US$400 million fundraise for Advance Intelligence Group, and US$360 million fundraise for Carro.

Picture Credit score: Shutterstock

The pandemic has fuelled an growing urge for food for expertise because the variety of web customers continues to develop. Optimism on a worldwide restoration from Covid-19 is seen by the funding exercise and a strong mergers and acquisition urge for food.

Worldwide buyers are additionally hungry for ‘progress at scale’ funding alternatives, and Asia Pacific, particularly Singapore, is an apparent market.


Get $20 off your order on our all new VP Label market once you checkout with Tempo and the code PACEVP20 (min spend $80). Uncover and store thrilling homegrown manufacturers now:

Featured Picture Credit score: SpaceO Applied sciences, Carro, PatSnap, Carousell





Source link

Tags: Sporestartupsunicorns
Previous Post

German Study Demonstrates Low COVID-19 Infection Risk in Cinemas : movies

Next Post

How to Use Smartphones for Studies

Related Posts

Singapore Q3 job outlook: Who’s hiring? Opportunities, risks & forecasts amid Trump tariffs.
Digital Lifestyle

Singapore Q3 job outlook: Who’s hiring? Opportunities, risks & forecasts amid Trump tariffs.

by admin
June 20, 2025
Michael Ziman: Reimagining Coastal Real Estate Development and Sustainability
Digital Lifestyle

Michael Ziman: Reimagining Coastal Real Estate Development and Sustainability

by admin
June 19, 2025
5 Best Foods That May Help Boost Your Testosterone Levels
Digital Lifestyle

5 Best Foods That May Help Boost Your Testosterone Levels

by admin
June 17, 2025
The Coolest Men’s Swimwear Trends For Summer 2025
Digital Lifestyle

The Coolest Men’s Swimwear Trends For Summer 2025

by admin
June 16, 2025
Fairview Hotel Has Entered a Beautiful New Chapter—And You’ll Want to Check In
Digital Lifestyle

Fairview Hotel Has Entered a Beautiful New Chapter—And You’ll Want to Check In

by admin
June 18, 2025
Next Post
How to Use Smartphones for Studies

How to Use Smartphones for Studies

It’s Friday – Vivaldi Browser snapshot 2514.11

It’s Friday – Vivaldi Browser snapshot 2514.11

  • Trending
  • Comments
  • Latest
I Tried Calocurb For 90 Days. Here’s My Review.

I Tried Calocurb For 90 Days. Here’s My Review.

January 8, 2025
8BitDo Retro Mechanical Keyboard C64 Review

8BitDo Retro Mechanical Keyboard C64 Review

March 24, 2025
The Best Madras Shirt Brands For Men: Summer 2021 Edition

The Best Madras Shirt Brands For Men: Summer 2021 Edition

July 20, 2021
Guide for Bagisto Quick Commerce

Guide for Bagisto Quick Commerce

October 16, 2024
Akeneo 7 Migration | Upgrade Akeneo PIM from 6.0 to 7.0

Akeneo 7 Migration | Upgrade Akeneo PIM from 6.0 to 7.0

March 15, 2023
Sunny Pawar now: What happened to the Lion actor and what is he doing now? | Explainer

Sunny Pawar now: What happened to the Lion actor and what is he doing now? | Explainer

November 30, 2024
Guide for Pathology Lab Management Extension

Guide for Pathology Lab Management Extension

May 16, 2023
An Honest Review Of Norse Organics – Does It Live Up To The Hype?

An Honest Review Of Norse Organics – Does It Live Up To The Hype?

December 14, 2024
What We Know So Far About the Supposed ‘Mother of All Data Breaches’

What We Know So Far About the Supposed ‘Mother of All Data Breaches’

June 21, 2025
Go Through Justin Timberlake and Jessica Biel’s Sweet Family Photos

Go Through Justin Timberlake and Jessica Biel’s Sweet Family Photos

June 21, 2025
Secret royal swimming pools – including Princess Kate and Prince William’s heatwave haven

Secret royal swimming pools – including Princess Kate and Prince William’s heatwave haven

June 21, 2025
Who Is Yvie Oddly’s Husband? Doug Illsley’s Relationship History

Who Is Yvie Oddly’s Husband? Doug Illsley’s Relationship History

June 21, 2025
Social Platforms Explore Age Verification Options to Comply With Teen Access Regulations

Social Platforms Explore Age Verification Options to Comply With Teen Access Regulations

June 21, 2025
From Rave To Rock, L’Eclair Conjure Magic On ‘Cloud Drifter’

From Rave To Rock, L’Eclair Conjure Magic On ‘Cloud Drifter’

June 21, 2025
Minor update(4) for Vivaldi Android Browser 7.4

Minor update(4) for Vivaldi Android Browser 7.4

June 21, 2025
Jim Jones Rejects Notion That His Career Is Comparable to Nas’

Jim Jones Rejects Notion That His Career Is Comparable to Nas’

June 20, 2025
New Self New Life

Your source for entertainment news, celebrities, celebrity news, and Music, Cinema, Digital Lifestyle and Social Media and More !

Categories

  • Celebrity
  • Cinema
  • Devices
  • Digital Lifestyle
  • Entertainment
  • Music
  • Social Media
  • Softwares
  • Uncategorized

Recent Posts

  • What We Know So Far About the Supposed ‘Mother of All Data Breaches’
  • Go Through Justin Timberlake and Jessica Biel’s Sweet Family Photos
  • Secret royal swimming pools – including Princess Kate and Prince William’s heatwave haven
  • Home
  • Disclaimer
  • DMCA
  • Privacy Policy
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2021 New Self New Life.
New Self New Life is not responsible for the content of external sites. slotsfree  creator solana token

No Result
View All Result
  • Home
  • Entertainment
  • Celebrity
  • Cinema
  • Music
  • Digital Lifestyle
  • Social Media
  • Softwares
  • Devices

Copyright © 2021 New Self New Life.
New Self New Life is not responsible for the content of external sites.

New Self New Life