Organised by IDA Singapore, the iSTART@Thailand Programme is tailored to help Singapore-based start-ups expand their business into Thailand. 11 startups have been chosen from a list of start-ups that applied with the organization directly. Criteria for selection includes having a working product and necessary resources for international expansion.
Gimmie, a startup that began with rewards for mobile gamers, has just shifted its focus to Asian markets by relocating to Singapore and taking funding from a government agency there. The company said today that it took 639,000 Singaporean dollars (USD$522,000) in funding from a group led by WaveMaker Labs in partnership with the Singapore National Research Foundation. Also participating in the round is Jakarta-based venture firm Ideosource.
Indonesian game developer TouchTen has announced today that the startup has made an exclusive partnership with Singapore-based loyalty app Gimmie. At the same time, the game developer revealed that its popular game Train Legend has rolled into the top five among free apps on the US iTunes App Store.
Gimmie announces the completion of its latest funding round with the addition of investors Ideosource and NRF. The company, originally based in Silicon Valley, helps publishers reward their top users with localised rewards. This is together with providing an online, real-time portal to manage the program. The addition of Jakarta based co-investor Ideosource will assist Gimmie in expanding its footprint in Indonesia. In the press release, Gimmie’s CEO David Ng said, “This funding solidifies Gimmie’s commitment for the Asia market where we feel our loyalty solutions can offer new revenue streams for our partners. Using Singapore as our global business hub our first stop is Indonesia, as we embark on expansion across Asia in 2012.”
Singapore-based loyalty service provider Gimmie has announced that it has received S$639,000 (about US$520,000) from various investors, led by WaveMaker Labs in partnership with theSingapore National Research Foundation. This round of funding will be used to help Gimmie expand to other regions in Asia. Gimmie’s CEO David Ng explained in the announcement that the company’s first area of expansion will be Indonesia.
Echelon 2012 alumnus Gimmie has raised S$589,000 from Wavemaker Labs Singapore and an undisclosed portion of strategic angel investment led by Finn Evdemon Capital Partners.
In our September Founders Drinks, we hosted Gimmie CEO David Ng, who shared his experience raising fund in the U.S. Gimmie makes loyalty fun by providing game and website publishers tools to create their own frequent flyer-like program to reward top users. We wrote that the Singapore-based company is working with a new set of local investors, which was undisclosed back then. David has recently shared with us some of the details of the funding round.
Imagine getting rewarded with a $2000 diamond ring by simply getting a game high score. Co-founded by Roy Liu, ex-lead programmer of “Plants vs Zombies” and David Ng, ex-director of Business Development at ChinaCache, Gimmieworld is a startup that combines both shopping and gaming together by rewarding game players with points that translate to real life rewards. Gamers that play games with Gimmieworld just have to rack up Gimmie points, which can be converted into discounts or actual products. It’s simple.
While jargon like CPM and impressions have been a staple of mobile advertising, the space is ripe for more groundbreaking innovation. After all, banner ads are just miniature-sized billboards — a remnant from the pre-digital era — taking up precious screen real estate.Startups like Gimmie hope to shake things up. Instead of annoying gamers with flashy ads that they’ll skip through anyway, the company enables developers to offer real rewards to players in exchange for in-game achievements, using either an API or SDK. Developers can pick the white label option as well.
The 10 finalists for Echelon 2012, a major technology startup conference in Singapore, has been announced. They will be pitching on stage at the event to vie for the title of Most Promising Startup.The startups come from the following countries: Singapore, Indonesia, Taiwan, Japan, the Philippines and Thailand.
Since being acquired by Japanese social gaming giant GREE for 104 million back in April 2011, Open Feint founder Jason is now back in the game advising Gimmie – an incentivisation platform startup. Citron expressed his confidence in the platform – which will look to reward players for carrying out actions in-game with real world rewards – in a statement to couple its beta launch.