Taiwanese digital foodhall network 3 Square raises seed funding
The story: 3 Square, a digital foodhall network and virtual restaurant group, has raised an oversubscribed seed round of US$1.2 million.
Investors: Taiwanese department store chain Hanshin Department Store, foodtech VC firm Foodland Ventures, family offices and angels.
Plans: The funding will be used to scale the business in Taiwan and prepare for its entry into Southeast and North Asia.
About 3 Square: The startup was founded in 2020 by Victor J. Chow, previously an executive at food delivery platforms honestbee and foodpanda.
The startup provides tech-enabled, turnkey solutions that are both sustainable and profitable by maximising utilisation and revenue per square meter of kitchen spaces to create great tasting food.
3 Square provides an infrastructure and build a network of solutions where it is able to share and pool resources, learn from one another and grow together.
The company also has a virtual restaurant group with six in-house fully branded restaurant concepts available at launch. These menus are developed using big data and trend analysis with culinary design and consumer insights for the best foods that customers crave.
Hg Exchange graduates from fintech regulatory sandbox
The story: Hg Exchange (HGX), a private securities exchange formed by an alliance of leading capital market intermediaries, has graduated from the Monetary Authority of Singapore (MAS) Fintech Regulatory Sandbox with a Recognised Market Operator (RMO) license awarded by the MAS.
With this RMO license, HGX can now fully operate as Asia’s first member-driven private exchange to support the issuance and trading of both digital and non-digital capital market products.
New appointments: The exchange has also appointed Eric Neo Say Wei as President and promoted Willie Chang from Chief Operating Officer (COO) to Chief Executive Officer (CEO) to drive HGX’s business growth in Asia.
About Hg Exchange: Established by Fundnel, PhillipCapital, PrimePartners and Zilliqa, HGX is a member-driven private exchange. Powered by leading blockchain platform provider Zilliqa, HGX technology allows for digitised securities issuance and secondary trading of digital securities. Digital securities can also be fractionalised, allowing investors to transact securities at more accessible price points.
The goal of HGX is to provide an equitable trading platform by bringing operational transparency, fair competition, and cost-efficiency to the private capital markets.
India’s hygiene products firm raises funding from SG’s Quadria Capital
The story: Nobel Hygiene, an India-based manufacturer of disposable hygiene products, has raised an undisclosed amount in from Singapore-based PE firm Quadria Capital for a significant minority stake.
About Nobel Hygiene: It is a manufacturer of disposable hygiene products in India. It manufactures products across adult (Friends), baby (Teddyy) and feminine disposable hygiene products.
Nobel also offers sanitary pad designed for women with heavy flow (RIO-Heavy Flow Pads).
Nobel Hygiene’s range of products are available on both offline and online platforms and are available across 200,000 retail outlets.
Image Credit: 3 SQUARE
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