The bike-sharing landscape in Singapore has seen a boom and bust over the years. Back in 2017, it was saturated with seven bike-sharing players but many also exited the market within a few years. Out of that seven players, only two are still standing strong today — Anywheel and SG …
Read More »Racing To The Top: How BlueSG Became The World’s Second Largest Electric Car Sharing Service
Launched in December 2017, BlueSG offers an affordable and convenient mobility option to Singaporeans with its electric car-sharing service. It is a subsidiary of the Bolloré Group, which launched the world’s largest car-sharing service Autolib’ in Paris. Now, BlueSG is the world’s second largest electric car-sharing service. It currently has …
Read More »Growing From Mistakes Made: How FortyTwo Became S’pore’s Largest Online Furniture Retailer
FortyTwo is the largest online furniture retailer in Singapore, boasts co-founder Naveed Lee. When the 42-year-old worked as a retail executive in a furniture showroom back in 1998, he noted the low efficiency of the traditional furniture business, which in turn caused high mark-ups in product prices. In 2002, he …
Read More »Driving Growth: Carsome CEO On How He Built The Largest Used Car Trading Platform In SEA
“A few years back, we realised that there wasn’t a centralised nor systemised platform within the used car market,” said Eric Cheng, co-founder & Group CEO of online used car platform Carsome. “Instead, it was fragmented and marred by distrust towards used car dealers due to the lack of transparency.” …
Read More »S’pore Startup Beam Raises US$26M Funding To Build The Largest E-Scooter Fleet In APAC
Singapore micromobility startup Beam has raised US$ 26 million (about S$ 36.6 million) in its latest Series A funding round. The fundraise was led by Sequoia India — which was also Beam’s lead investor at seed stage in 2018 — and Hana Ventures. They are joined by other Asia Pacific …
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