Singapore

The Asia Accelerator to announce its call for application this month [Press Release]

The only independent traditional startup accelerator program in Singapore, The Asia Accelerator, will launch a call for applications on January 15. The first cohorts will stand a chance to get SGD100,000 (US$74,000) of funding, free office space, a trip to Silicon Valley and credits from the accelerator’s notable partners such as AWS, Stripe, and Hubspot.

In a mass notes sent by the co-founders of The Asia Accelerator, the program mentions that there will be roadshow and visits to Singapore, Kuala Lumpur, Jakarta, Ho Chi Minh City, Bangkok, Manila, and Dhaka starting from January 15.

Keen startups can apply online at theasiaaccelerator.com/apply, which will remain open until February 15.

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The Asia Accelerator highlights its founder-friendly funding terms in the note, and it also allows referral system for startups that want to recommend other startups (with commission of US$100 per referrals successfully landing in the top-10).

GrabTaxi sued over the domain name ‘grab.co.id’ [e27]

GrabTaxi Holdings, the company that carries ride-hailing unicorn Grab, is reportedly being sued by a 3 Corporate Services, a web portal service and local management consulting firm in Singapore. The dispute is over an Indonesian domain name of “grab.co.id”.

GrabTaxi Holdings allegedly failed to comply with the written agreement that says it will acquire the domain name for US$250,000. It is being sued for losses and damages.

The parties involved have both denied respective accusations toward one another, in which GrabTaxi Holdings said that 3 Corporate Services engaged in a cyber-squatting practice of acquiring well-known names for domain and resell it at what it’s called to be “extorting” prices for profit.

Meanwhile, 3 Corporate Services said that its Indonesian arm “Grab Indonesia” had been in operation since 2013 while Grab only branded itself as so in 2016.

The trial for the civil suit is scheduled in June this year.

Trading tech provider Hydra X partners with digital asset exchange CEZEX [Press Release]

Singapore-headquartered trading technology provider Hydra X announces that it has partnered with the Asia-based digital asset exchange, CEZEX. The collaboration aims to integrate CEZEX with Hydra X’s Sigma trading platform as a trading venue.

“As a licensed digital asset exchange, CEZEX is one of the first and leading venues in Asia to offer fully regulated and secure access to digital and securitised token offerings, so this partnership is strategic for both sides to become a primary aggregated marketplace for trading venues that connects digital and emerging asset classes,” said Daryl Low, CEO of Hydra X.

Hydra X provides technology such as distributed ledger technology (DLT) that provides mission-critical trading and settlement infrastructure for digital and traditional asset financial marketplaces. Sigma trading platform by Hydra X offers a suite of trading tools ranging from price formation to analytics while facilitating price discovery and asset transfers across multiple exchanges and brokers globally.

CEZEX is Asia’s fully regulated and licensed digital assets trading exchange for multiple asset classes, including currencies, securities, and derivatives. CEZEX is also a platform for listing security tokens.

IMDA, Singtel, and DBS band together to launch new platform supporting SMEs [Press Release]

The Infocomm Media Development Authority (IMDA), Singtel, and DBS announce the launch of 99 per cent SME e-commerce (99sme.sg), a platform that seeks to support Small and Medium Enterprises (SMEs) merchants in Singapore in easily adopting digital technologies and providing customers with omni-channel experiences.

With the new platform, SMEs can utilise the omni-channel and retail features to grow customer base using both offline and online presence. The platform also allows retailers to offer ‘last-mile’ delivery options to their online customers by allowing them to perform self- collection from the stores, which is critical for SMEs to upsell and cross-sell to online customers who walk into their stores and collect their merchandise.

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SME merchants can also use the platform’s business insights and reports to better understand sales performance of product categories and help them plan their product mix to optimise sales and inventory.

There is no charge for SMEs to list their products or services. as well as participating merchants.

Digiperform raises US$3.6M from India’s prominent media house [press release]

India’s leading news publication group, HT Media, has invested US$3.6 million in digital education Startup Digiperform.

The company will use the funds to build brand awareness and marketing in India and accelerate growth.

Launched in 2014, Digiperform offers short-term skill training courses for job seekers, working professionals and business owners for building digital skills. Headquartered in New Delhi, Digiperform has 36 training delivery centres in 14 states across India and 10 new centres in the pipeline.

“This investment will add momentum to our capital raising and supports our focus on marketing in order to accelerate brand awareness and presence across India,” said Digiperform’s CEO Manu Jolly. “We are focused to create highly skilled and efficient manpower to support digital economy in India by offering in-demand, job role-specific curriculum and training.”