11 Successful Small Businesses in Singapore
Singapore is the modern business hub where every investor wants to be. With a rich business scene and many important, smart and innovative people choosing to relocate there to be in the middle of things, there is no wonder that Singapore has become the dream for start-ups. In 2018, in Singapore, there have been many small businesses taking the lead and making a name for themselves in the top industries in this part of the world. With a rich history, Singapore is the proof that with hard work, community involvement, and the desire to move forward, you can turn an unknown place into the trendiest business hub in the world where almost every business is profitable.
With these thoughts in mind, let’s see the top most successful small businesses in 2018 in Singapore!
99.co is a new business on the market that focuses on real-estate markets in Singapore. Singapore is among the top 10 markets worldwide if we talk about real estate. 99.co is an engine that uses algorithms to connect properties and house-hunters and makes the process of finding a home easier. The startup is founded by Darius Cheung, known as an ambitious entrepreneur. It seems that 99.co followed the right business trends and raised $7.9 million from investors. We will probably be hearing more about them in the future.
The second small business on our list is Active.ai, a financial service platform that wants to help customers connect easier with banks through micro-conversations. The startup was founded by Parikshit Paspulati, Shankar Narayanan and Ravi Shankar in 2017 and has grown into a real business ever since. It raised more than $8 million from investors like Dream Incubator, Ventures India, Creditease and Kalaari Capital, to get things going.
After an artificial intelligence startup, we have something for foodies as well. Chope was founded 7 years ago in 2011, and it seems to be the most preferred system to book restaurant tables in Asia. With this software, you can make a reservation at almost 2000 restaurants in Singapore, Beijing, Hong Kong, Bangkok, Jakarta, Phuket or Bali. The small business belongs to Arrif Ziaudeen, and it’s now on an ascending trend: it raised $13 million from investors such as C31 Ventures, Moelis Australia or Square Peg Capital.
CoinPip is an innovative startup that was designed to help businesses make use of blockchain technology to pay remote freelancers. The startup was founded 4 years ago, in 2014, by Alexander Angerer, Anson Zeall and Arseniy Kuckerenko. CoinPip completes transactions between banks in less than 48hrs with a cost of 70pc or less.
Datarama is a platform for investors and bankers that make use of an interactive map designed to help financial crime investors and compliance officers tackle vital information. The startup was founded 3 years ago, in 2015 by Raphael Bouzy. The small business processes data from over 600,000 companies and over 700,000 individuals. Datarama gained support from TC Capital.
Greyloft is an innovative start-up that focuses on real estate in our era. The company works with real-estate agents, trying to fix a real-estate model that has some drawbacks. The start-up was founded by Archit Agarwal and Siddhesh Narayanan, two ex-bankers who are looking forward to bring change to this system. The company has raised funds from investors such as Wavemaker, Cub Capital, JFDI or Tigris Capital.
Honestbee is designed to make people’s lives easier. What does this start-up do? It collects groceries and “hawker food” and delivers it to your door within one hour. Honestbee is a mobile application that works to support local communities and encourage the employment of multiple categories of people – stay-at-home parents, part-time shoppers, students or caregivers. The company was founded 4 years ago, in 2014, and has raised an impressive sum of $15 million from investors, such as Formation 8. Honestbee was founded by Jonathan Low, Isaac Tay, and Joel Sng.
Mighty Bear Games
Mighty Bear Games has an interesting story behind it. It was founded in the same period when king.com office in Singapore was closed and bought by Activision. The company has, as the main focus, multiplayer online games and wants to make mobile usage for games more popular. Mighty Bear Games has been created by game talents from LucasArts, EA, King, Ubisoft, Disney, Jagex, and Gameloft. The small business has risen over $700,000 from investors and will not stop here!
Nugit is a big-data company that focuses on gathering marketing insights from the biggest online players in the world, such as Google or Facebook. This innovative business creates reports for marketers with all the necessary data for them, cutting the noise out. The company was founded by David Sanderson, and it already raised over $5 million from investors funds just last year. A small business to watch!
Another small business that follows trends and has grown a lot since it was founded; oBike is already present in 30 cities in Australia and Asia. The small business focused on bicycle-sharing and created a dockless system for it. The start-up was founded just last year by Edward Chen. How does it work? oBike’s bicycles come with built-in locks that work through the Bluetooth technology. You can leave it anywhere you want when you finish your journey. oBike was founded by Grab, which is the main competitor of Uber in Asia. Grishin Robotics also invested in this innovative start-up.
ShopBack is a small company focused on helping shoppers access discounts and deals on their partner merchants. It was founded 4 years ago, in 2014, by Henry Chan, Bryan Chua, and Joel Leong and has already raised over $20 million from Credit Saison, the main investor of the project.
Owning an innovative small business in Singapore is not easy, especially, with such a dynamic market where more and more companies want to earn a profit. Following the business trends and attracting investors with your bright idea is the key to making your business profitable. These start-ups succeeded in the Singapore market and will probably keep on growing in the following years as well.