startups in singapore
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Top 11 Successful Tech Startups in Singapore Worth Watching 

Singapore is a hub of fast-growing startups including unicorns and soonicorns. As per PwC findings, there are more than 4K tech-fueled startups in Singapore.

Several factors have played a role in making Singapore an alluring destination for startup incorporation. It includes a growing economy, location, low tax rates, ease of setup and operation, access to talent and support from the government.

Through this post, we’re going to help you explore successful startups in Singapore with key insights like year of foundation, total funding amount received by the company, industry, business model and more, according to their Crunchbase profile.

Top Successful Tech Startups in Singapore

Without further ado, let’s get into details of the 7 successful startups in Singapore.

1. Grab (Unicorn)

grab

Grab is a mobile app-based offering ride-hailing, delivery and digital payments services. It offers many services via the same platform to customers in South East Asia such as private car services (GrabCar), ride sharing (GrabShare), motorcycle taxis (GrabBike), last-mile delivery (GrabExpress), and food delivery (GrabFood).

  • Founded: 2012
  • Founders: Anthony Tan and Tan Hooi Ling
  • Industry: Transportation, technology, on-demand delivery, financial services
  • Business Model: Super app business model
  • Total Funding Amount: $12.5B
  • No. of Funding Rounds: 34
  • No. of Investors: 56
  • Official Website: https://www.grab.com/sg/

2. Ninja Van (Unicorn)

ninja-van

Ninja Van is a tech-driven express delivery company offering trouble-free delivery services to businesses across South East Asia. The company started its operations in Singapore in 2014 and has now become the region’s biggest and fastest-growing last-mile logistics startup.

  • Founded: 2014
  • Founders: Lai Chang Wen, Shaun Chong, and Tan Boxian
  • Industry: Logistics and supply chain
  • Business Model: Hub-and-spoke business model
  • Total Funding Amount: $974.5M
  • No. of Funding Rounds: 6

3. Doctor Anywhere

doctor-anywhere

Doctor Anywhere is a tech-enabled healthcare startup with a digital platform providing on-demand online consultations, in-person consultations, home visits, medication deliveries. It also runs an in-app marketplace for health and wellness products. The company has collaborated with many experienced doctors and healthcare providers.

  • Founded: 2016
  • Founders: Lim Wai Mun
  • Industry: Healthcare
  • Business Model: Omnichannel business model
  • Total Funding Amount: $96.8M
  • No. of Funding Rounds: 3
  • No. of Investors: 7
  • Official Website: https://doctoranywhere.com/

4. ShopBack

ShopBack

ShopBack is a digital platform providing rewards and cashback to customers when they buy from the platform. It also offers voucher codes, coupons and comparison features. It covers many categories including fashion, beauty, health, consumer electronics & accessories, travel and others.

  • Founded: 2014
  • Founders: Henry Chan and Joel Leong
  • Industry: E-commerce (online coupons)
  • Business Model: Online marketplace business model
  • Total Funding Amount: $125.8M
  • No. of Funding Rounds: 7
  • No. of Investors: 19
  • Official Website: https://www.shopback.sg/

5. Zenyum

zenyum

Zenyum is a Singapore-based D2C dental startup that strives to help people bring back their beautiful, confident smiles and make cosmetic dentistry more affordable. It provides customizable 3D-printed invisible braces to patients at their doorsteps.

  • Founded: 2018
  • Founders: Frederik Krass and Julian Artopé
  • Industry: Retail
  • Business Model: D2C (direct-to-consumer) business model
  • Total Funding Amount: $55.1M
  • No. of Funding Rounds: 3
  • No. of Investors: 11
  • Official Website: https://www.zenyum.com/sg-en

6. 99.co

99-co

99.co is a smarter search property platform in Singapore to browse properties for rent and sale at your fingertips. The platform has a comprehensive collection of listings that contain all sorts of properties – with the latest HDB resale, condo, executive condos, commercial properties and houses for sale.

  • Founded: 2014
  • Founders: Conor McLaughlin, Darius Cheung, Dominic Ee, Ruiwen Chua, Saurabh Mandar and Yan Phun
  • Industry: Internet (Real Estate)
  • Business Model: Online marketplace business model
  • Total Funding Amount: $33.1M
  • No. of Funding Rounds: 6
  • No. of Investors: 13
  • Official Website: https://www.99.co/

7. Zilingo

Zilingo

Zilingo is a B2B technology platform enabling customers, merchants and factories to produce, source and trade wholesale apparel, lifestyle and beauty items directly from manufacturers, brands and wholesalers. The platform has many products such as Zilingo Trade that cover marketing, sales and financial services.

  • Founded: 2015
  • Founders: Ankiti Bose and Dhruv Kapoor
  • Industry: E-commerce (Online Marketplace)
  • Business Model: B2B technology marketplace business model
  • Total Funding Amount: $307.9M
  • No. of Funding Rounds: 6
  • No. of Investors: 21

Also Check: List of top MVP Development Companies

8. Aspire

aspire

Aspire is one of the tech-driven startups in Singapore. It is an all-in-one finance operating system intended for growing businesses in Southeast Asia. The mission of the company is to provide next-generation entrepreneurs access to the financial tools they need to unlock their company’s full potential.

  • Founded: 2018
  • Founders: Andrea Baronchelli, Giovanni Casinelli and Joel Leong
  • Industry: Banking, financial services and FinTech
  • Business Model: B2B (business-to-business) business model
  • Total Funding Amount: $199.5M
  • No. of Funding Rounds: 5
  • No. of Investors: 26
  • Official Website: https://aspireapp.com/

9. Homage

homage

Homage is a leading personal care platform that blends curated and well-trained care experts with smart technology to provide on-demand quality care to adults and seniors in Singapore. The platform’s aim is to empower Singaporeans to age and recover at home with dignity, grace and control.

  • Founded: 2016
  • Founders: Gillian Tee, Lily Phang and Nhat Duong Tong
  • Industry: Healthcare
  • Business Model: Online marketplace & on-demand business model
  • Total Funding Amount: $45.2M
  • No. of Funding Rounds: 6
  • No. of Investors: 28
  • Official Website: https://www.homage.sg/

10. Carousell

carousell

One of the noteworthy startups in Singapore, Carousell is a consumer-to-consumer marketplace platform that empowers people to buy and sell a diverse range of items from different categories including cars, gadgets, lifestyles and more. Today, it has a presence across 19 cities worldwide, covering 7 countries.

  • Founded: 2012
  • Founders: Lucas Ngoo, Marcus Tan Yi Wei and Quek Siu Rui
  • Industry: E-commerce
  • Business Model: C2C (consumer-to-consumer) business model
  • Total Funding Amount: $287.7M
  • No. of Funding Rounds: 13
  • No. of Investors: 17
  • Official Website: https://www.carousell.sg/

11. MyRepublic

myrepublic

MyRepublic is one of the fastest-growing telecom companies in the Asia-Pacific with operations across various countries including Singapore, Australia and New Zealand. It offers internet access and broadband-based services to consumers and businesses.

  • Founded: 2011
  • Founders: Greg Mittman, KC Lai and Malcolm Rodrigues
  • Industry: Telecommunications
  • Business Model: B2C & B2B business model
  • Total Funding Amount: $155.6M
  • No. of Funding Rounds: 5
  • No. of Investors: 7
  • Official Website: https://myrepublic.net/sg/

InfoStride for Startups: A tech partner that walks the talk

Most entrepreneurs and startup founders reckon that they are on the right track to disrupt their respective industries with their product idea. Unfortunately, 9 out of 10 startups fail.

study by CB Insights, the venture capital database, reveals that prime reasons for startup failures are the wrong execution team, user-unfriendly products, a flawed business model, lack of market demand and not being able to secure funding for the company.

As a trusted strategic tech development partner, InfoStride strives to help startups navigate these failures and increase their odds of success.

Before we put your product idea into action, we conduct product discovery workshops to delineate business objectives, the goal of the project, validate & refine raw ideas, understand target audiences, prioritize requirements for MVP development, risk identification, competitive analysis, define user personas and identify their needs.

The primary purpose of our startup services is to pave the path towards our client’s product success quicker, cheaper and safer.

“Forbes mentions the criteria for a successful startup, “They have a product that meets a need, they don’t ignore anything, they grow fast, and they recover from the hard-knock startup life”. – Forbes

Our deep expertise in helping startups bring their vision to successful products includes full-stack digital product development with advantages:

  • Support to startups at every stage: seed, expansion and growth.
  • Access to a global talent pool of tech & subject matter experts.
  • Building MVP development for better traction.
  • Help in assembling an agile-led development team with administrative, infrastructure and legal support.
  • Access to emerging technologies such as ML/AI, Blockchain, AR & more.

Interested or want to learn more about our development approach for startups and startups accelerators?

Simply schedule a free strategic consultation session with us!! Or We’re just DM away!!

Akash Singh

Akash is a senior digital marketer and has an acumen for business branding and marketing. He can tell you exactly what type of marketing strategies can get you in front of customers, right from inception to implementation.

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