SingTel’s corporate venturing unit has reportedly made offers to back two incubatees which went through the incubator JFDI-Innov8 2012 Bootcamp, which it backs.
SingTel Innov8 has reportedly made offers to back travel ticket company Floactions and peer to peer buying company Shopspot, according to news provider SG Entrepreneurs. Shopspot has accepted the offer, while Flocations has not made a final decision as they are in talks with other investors, SG Entrepreneurs said.
The JFDI-Innov8 2012 Bootcamp is a 100-day programme which give digital start-ups S$15,000 and mentorship from industry executives plus access to mobile markets and investors across Asia.