SingTel Innov8 may invest in online travel app maker Flocations
SingTel Innov8, Singapore Telecommunications’ venture capital arm, has made investment offers to invest in two regional startups, Flocations and ShopSpot. The former has developed a web application that lets travelers search for destinations by price while ShopSpot has built a mobile application that makes peer-to-peer buying and selling easy. The amount offered as investment by SingTel Innov8 has not been disclosed. Flocations is likely to accept the offer. ShopSpot is in talks with other investors. (Source: SGEntrepreneurs).
