Singapore-based e27 Raises $2.2mn from TechTemple Group

 

e27 Co-founders Thaddeus Koh (L) Mohan Belani (R) dealstreetasia.com

e27 Co-founders Thaddeus Koh (L) Mohan Belani (R) Image- dealstreetasia.com

 

26 July 2016, India :

Singapore-based technology news platform e27 run by Optimatic Pte. Ltd, has raised $2.2 million in its Series A round led by China’s TechTemple Group.

The other investors include Linear Venture, Convergence Ventures, Venturecraft, Spacemob, and Douglas Khoo, Co-founder of Qunar.

Founded in 2007, e27 started off as a tech and startup focussed blog. Over the time, it ventured into organizing events for entrepreneurs and also introduced other services. However, things have not gone too well over the past few years.

 

Talking about the funding round, e27 CEO and co-founder, Mohan Belani said, “The objective here is to be an ecosystem player not just media. Media was our first foray but we realized that, as the company grows, challenges evolve. Our database and marketplace come together to serve the greater community — pair them with events, an you get a nice online-to-offine mix.”

 

The leading investor TechTemple wants to build the largest Tech Startup Ecosystem in Asia. It offers coworking spaces, incubation services, O2O community, events and financial services. Currently, it is present in Beijing, Shanghai, and Shenzen.

 

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