- “You can actually make a lot of money by serving a population which doesn’t have that much money,” said Khailee Ng, managing partner at 500 Startups.
- What does Khailee mean? Read more here, plus more on Food Market Hub’s grants and a Grab and Pomelo fashion collaboration.
- When the pandemic first hit, 500-backed e-grocery startup HappyFresh saw a 560% surge in daily active users and an 800% jump in new users.
- How did the startup cope? Find out here, and more on what Prenetics is doing for football and a 500-backed hospitality startup named one of the fastest-growing companies in Singapore.
- Global VC firm 500 Startups has launched applications for batch 3 of accelerator programs in Singapore and San Francisco.
- More details here. Read on the latest news on a 500-backed app for vernacular speakers in India and how mClinica is using tech to boost the Vietnamese pharmaceutical industry.
Other stories you may have missed:
- iMotorbike’s founder and CEO Gil Carmo on Focus Malaysia and Augustman.
- Mushroom startup Mycotech Lab was named winner of Circular Economy Enterprise by Sankalp Global Awards 2020.
- 500-backed startups Grab, and Bibit have closed some of the highest funding rounds so far in 2021.
Missed out the last Daily Markup? Go here to check it out.
500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.
This post is intended solely for general informational or educational purposes only. 500 Startups Management Company, L.L.C. and its affiliates (collectively “500 Startups”) makes no representation as to the accuracy or information in this post and while reasonable steps have been taken to ensure that the information herein is accurate and up-to-date, no liability can be accepted for any error or omissions. All third party links in this post have not been independently verified by 500 Startups and the inclusion of such links should not be interpreted as an endorsement or confirmation of the content within. Information about portfolio companies’ markets, competitors, performance, and fundraising has been provided by those companies’ founders and has not been independently verified. Under no circumstances should any content in this post be construed as investment, legal, tax or accounting advice by 500 Startups, or an offer to provide any investment advisory service with regard to securities by 500 Startups. No content or information in this post should be construed as an offer to sell or solicitation of interest to purchase any securities advised by 500 Startups. Prospective investors considering an investment into any 500 Startups fund should not consider or construe this content as fund marketing material. The views expressed herein are as at the date of this post and are subject to change without notice. One or more 500 Startups fund may have a financial interest in one or more of the companies discussed.