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No Hanky Panky: Seasia Apps Woo Investors With Local Expertise


Ron Burgundy
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Paktor developers show their app in their office in SingaporeBy Aradhana Aravindan SINGAPORE (Reuters) - Manila office worker Catherine Anunciacion, 28, wanted new friends so she joined Peekawoo, a dating app made for women that emphasizes fun and companionship - and nothing more. Peekawoo is one of several dating apps set up by Southeast Asian start-ups to cater to the millions of tech-savvy, time-poor millenials living in largely conservative societies where dating too often is frowned upon and casual sex is taboo. Funding details are scarce, but Vertex Venture, a unit of Singapore state investor Temasek Holdings, participated in two funding rounds worth a total $12.5 million for app Paktor, while Peekawoo has raised $100,000 from investors including Kickstart Ventures, a unit of Philippines' Globe Telecom.




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