Indonesian crowdfunding platform Wujudkan to shut down in March

After five years of operation, Wujudkan cited inability to generate income as the reason of their shut down Indonesian crowdfunding platform for creative projects Wujudkan announced yesterday that is going to shut down its business, according to an official statement on the platform’s blog. Citing March 31 as the last day of the plaform’s operation, […]
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A match made in heaven? Styl co-founder reflects on first acqui-hire anniversary

Lessons learned: Say “no” to vanity metrics, be down-to-earth, be nice to people, be transparent, and don’t chase a fancy entrepreneurial life Mergers, or acquisitions for that matter, are*very much like a typical arranged marriage. It takes months — sometimes years — before the couple ‘gets hooked’ after their first meeting. The wedding*often falls through […]
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What Southeast Asia can learn from excess capital in China and Silicon Valley

The cases of big companies gone bust It may be counterintuitive, but one of the biggest advantages of the Southeast Asian startup scene is the reality that the ecosystem is years behind global leaders like China and Silicon Valley. While it would be nice to have a vibrant behemoth of an ecosystem like that of*China’s, […]
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HOOQ appoints ex-BBC Worldwide CTO Michael Fleshman as CTO

He will help plan and develop the video streaming service’s platform and product Fresh from a US$25 million fundraising in January,*HOOQ, the video streaming service established through a joint venture by Singtel, Sony Pictures Television and Warner Bros. Entertainment, has announced it has appointed a new CTO, Michael Fleshman. Fleshman comes equipped with over 20 […]
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3 ways effective employee engagement can cut attrition and boost productivity

Getting the right people onboard and in the right roles can be*a big startup challenge in itself Ask most startups what their biggest challenge is, and they’re quick to say ‘talent’. In other words, ‘manpower’. – Hardik Harsora, Co-Founder of Effex Business Solution To a large extent, they are right. Finding the skill sets, cultural […]
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South Korea’s AIM gets US$1.6M seed funding to ‘democratise’ the finance industry

The investment is believed to be the first of its kind in the country Seoul-based fintech startup AIM announced that it has raised a US$1.6 million in seed funding, according to a report by TechCrunch. DT&I, Soorim, Seoul Business Agency, and Startup Bootcamp participated in the funding round which reported to put the startup’s value […]
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Indonesian game developer Toge Productions raises funding to kickstart international

Toge Productions CEO claimed to have been generating profits each year, with “no compulsion to seek immediate funding” Indonesian game developer startup Toge Productions announced that it has raised an undisclosed amount of funding from Discovery Nusantara Capital (DNC). In a press statement, Toge Productions CEO Kris Antoni stated that the company will use the […]
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