Besides being an amazing tourist location, Singapore is also a great place to start your business. As proof, Singapore was ranked #10 in the Global Startup Ecosystem Ranking in 2015 by Compass.
In general, Southeast Asia has a different landscape for investors compared, for example, to the US. But regardless, according to The World Bank, Singapore was ranked #1 in the world for ease of doing business in 2015–2016.
Here’s a list of the top 11 most interesting startups in Singapore.
Founders: Quek Siu Rui, Marcus Tan, Lucas Ngoo
Carousell is a peer-to-peer marketplace founded in 2012. The startup has already raised around $42 million.
The creators emphasize the speed of interactions: you can list your entry in 30 seconds and then communicate with potential buyers via messaging within the app.
The company operates in 12 major Asian cities besides Singapore and has 35 million listings globally, with 70 listings being added to the platform each minute.
Founders: Douglas Gan, Peng Kong Choy, Xiao Shi Kuik, Meters Ang
Started in 2015, Vanitee has raised more than $3.5 million and is now expanding throughout Asia, having launched the service in Korea and looking into Hong Kong and Taiwan.
Basically, Vanitee is an Airbnb of the beauty industry: it connects beauty specialists like nail, makeup, hair experts or stylists with customers. Within the platform you can see their portfolios, make an appointment, and agree on the time and price.
Founders: Lai Chang Wen, Boxian Tan, Shaun Chong
Ninja Van is a last-mile delivery service and the fastest-growing Southeast Asian logistic company.
With $2.5 million in investments, the company is already present in Singapore, Malaysia, Indonesia, Vietnam, Philippines, and Thailand.
Among their clients there are such huge retailers as P&G, Zalora, and Lazada.
Founders: Joel Sng, Isaac Tay, Jonathan Low
Founded by three Singaporeans, honestbee has already raised more than $15 million in funding. In just six months, the startup was present in Singapore, Hong Kong, Taiwan and Japan.
The honestbee team goes grocery shopping for you: all you need to do is to create a list of what you want to buy, and the specialist will handpick and deliver you products within 43 minutes on average.
Catergory: Internet Providers
Founders: Greg Mittman, Malcolm Rodrigues, KC Lai
MyRepublic is an Internet provider which delivers high-fibre connection and implements LTE technology across Singapore, New Zealand and Indonesia.
The company has already raised more than $53 million.
This blog post was first published on the InvoiceBerry blog: 11 New & Trendy Singapore Startups to Watch in 2016.
Alla is one of the marketing spirits at InvoiceBerry, a simple online invoicing software that helps small businesses and freelancers. She loves social media and blogging.