Singapore has become the hub for technology and startups. Singapore is favored since it has a robust financial market, advanced infrastructure, easier tax regime. It is home to some of the most diverse industries – from ride-hailing to e-commerce to gaming and big data. These Singaporean startups have engaged in the creation of new verticals and the disruption of a broad range of industries.
So, we thought of compiling this list of emerging/growing startups in Singapore who have disrupted the Singapore startup scene massively in the last 2 years. This list has been curated from the information available on Crunchbase/TehinAsia.
Grab Holdings Inc formerly known as MyTeksi and GrabTaxi, is a Singapore based ridesharing company. In addition to transportation, the company offers food delivery and digital payments services via mobile app. The company was originally founded in Malaysia and later moved its headquarters to Singapore. It now operates in the Southeast Asian countries of Singapore, Malaysia, Indonesia, Philippines, Vietnam, Thailand, Myanmar, Cambodia and Japan. It is the region’s first “decacorn” (a startup with a valuation of over US$10 billion).
Key People – Forrest Li (Chairman and Group CEO)
Considered as Southeast Asia’s most valuable start-up by Bloomberg, Sea Ltd. definitely made this list. Formerly known as Garena, SEA has branched out of its gaming business to e-commerce with Shopee and AirPay. Sea’s funding reached US$1.4 billion with $757 million raised in May. This came together with its rebranding from Garena to Sea Ltd. primarily focusing on Greater Southeast Asia: Indonesia, Taiwan, Vietnam, Thailand, the Philippines, Malaysia, and Singapore. Sea has launched its IPO in 2017 in the New York stock exchange.
Key People – Lucy Peng (Executive Chairwoman) , Pierre Poignant (CEO)
Lazada is the leading e-commerce platform in Southeast Asia, present in Indonesia, Malaysia, the Philippines, Singapore, Thailand and Vietnam. It helps more than 100,000 local and international seller and 2,500 brands reach the 600+ million consumers in the region.
Also check: Startup Funding – How India fairs to Singapore
Key People – Setu Chokshi (Director of Data Science)
PropertyGuru is the leading online property company in Asia, proposing rental and sale listing portals and mobile apps in Southeast Asia, across Singapore, Malaysia, Thailand, Indonesia and Vietnam.
Key People – Dana Adams (COO)
AirTrunk designs, builds and operates hyperscale data centres in the Asia Pacific market. AirTrunk aims at combining world-leading design and regional insight to become more cost-efficient, scalable and available.
Key Person – Joel Bar-El (CEO)
Trax provides image recognition solutions for the retail industry. The Trax platform provides in-store execution tools, market measurement services and data science to improve points of sale.
Key Person – Mike Ong (Vice President — Government Relations)
Operating the Bigo Live app, Bigo is a mobile live streaming community allowing people to show their talents and meet interesting people. Especially active in the gaming community, Bigo Live is popular with young people aged 18 to 25, gathering a community of about 30 million monthly active users, according to the company.
ONE Championship is the largest sports media in Asia. ONE Championship hosts some of Asia’s greatest sports entertainment events for martial arts.
TenX is a company specializing in cryptocurrency payments. It provides cards and wallets to enable the spending of Bitcoin, Ethereum and Litecoin anytime and anywhere.
Key People – Malcolm Rodrigues (CEO and co-founder)
MyRepublic is a telecom company offering internet access and broadband-based services to Singaporean consumers and businesses in Singapore, notably proposing cloud-based services and internet-enabled devices.
Reach us at https://taxmantra.com/register-company-singapore/or Call/WA us at +91-9230033070 for any support/query/feedback.