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Angel Investor (Individual)

Investments

36

Portfolio Exits

3

About Koh Boon Hwee

Mr. Koh began his 14-year career at Hewlett-Packard Singapore (Private) Limited in 1977 holding various positions until his appointment as Managing Director in 1985, a post he held until 1990.<br /><br />He held the position of Chairman in Singapore Airlines Limited from 2001 to 2005, and in Singapore Telecom Group and its predecessor organizations for 15 years, from 1986 to 2001. Singtel is currently Singapore's dominant telecommunications service provider, and is the largest listed company on the Singapore Exchange.<br /><br />Mr. Koh was the Executive Chairman of the Wuthelam group of companies, a Singapore-based corporate group with activities focused in Asia, from 1991 to 2000. Wuthelam's subsidiaries include Nippon Paint, which is Asia's largest fully integrated paint manufacturing and distribution company, and Omni Industries, a company listed on the Singapore Exchange and also one of the largest electronic contract manufacturers in Asia.<br /><br />Mr. Koh obtained his Bachelor's Degree (First Class Honors) in Mechanical Engineering from the Imperial College of Science and Technology, University of London in 1972 and his MBA (Distinction) from the Harvard Business School in 1976.

Headquarters Location

Singapore

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Latest Koh Boon Hwee News

Faarms Raises $2mn In Seed Round Backed Global Investors

Dec 22, 2022

Born in January 2020, Agritech startup Faarms has raised $2million in its seed funding round backed by global investors. The round was led by Koh Boon Hwee and Dr Cornelius ( Conny ) Boersch among other angel investors. Faarms has been modelled as the Amazon for the farming community - as one stop online shop to access at the click of a button a huge inventory of certified products to be delivered to the farmer's doorstop with cashless payment options. The absolute interiors of the farming belt of India struggle with even the most basic of requirements like seeds , fertilizers, cattle feed and of course the resources to buy them and carry the heavy loads back. Faarms was introduced as the single point platform to address all these challenges. Serial entrepreneur and business angel, Dr Cornelius ( Conny ) Boersch, Founder at Mountain Partners said, "I think Faarms has the potential to revolutionize the agriculture industry not just in India but also in South East Asia at large. Platforms that directly connect producers with buyers provide a significant opportunity to enable all stakeholders of the value chain. This business has the potential to empower the rural farmers of the country and at the same time making it commercially successful." Faarms today has 8 lakh subscribers, delivers to 20,000 villages in over 200 pin codes and has been able to make a difference in the lives of 60% of cattle farmers across 14 villages in the heart of Rajasthan in Kota who experienced a 16% rise in their average income. “Faarms was conceived with the aim to build an e-marketplace for the farming community of our country with the idea to help  a kisaan purchase inputs from some of the best-known brands in the world and obtain crop-related advice at the click of a button, sitting at home. We want to bring financial inclusion and spread digital literacy to rural India by helping farmers adopt digital payment with the help of on-ground staff”, says veteran rural banker Taranbir Singh, Co-founder & CEO Faarms, who was heading Rural Banking Division at Yes Bank, prior to joining Faarms. “The fund we have raised will be used to expand our footprint in North-Eastern, Central and  Southern states of India. Besides, we are looking to add new product segments and services for the farmers as well, deploying advance technologies for seamless functioning of the multilingual platform making it easier for the farmers to access information”, says Alok Duggal, COO & Co-founder at Faarms. He further added, “ We are thankful to all our investors who believed in our work and came forward to support us in building a company that is truly going to shape the farming ecosystem of our country.”  “As active investors in SMEs working at the grassroot level, we are truly pleased to see the way Faarms is able to reach out to a large number of farmers during the pandemic covering a large geography within a short duration. We are confident Faarms will disrupt the way farmers source their farm products and acquire knowledge”, said Singaporean angel investor Koh Boon Hwee. Share this article:

Koh Boon Hwee Investments

36 Investments

Koh Boon Hwee has made 36 investments. Their latest investment was in Lyte Ventures as part of their Seed VC on November 28, 2022.

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Koh Boon Hwee Investments Activity

investments chart

Date

Round

Company

Amount

New?

Co-Investors

Sources

11/28/2022

Seed VC

Lyte Ventures

$4.82M

Yes

MS&AD Ventures, SingTel Innov8, and Undisclosed Investors

1

11/17/2022

Seed VC

Summer International

$5M

Yes

8

7/14/2022

Seed VC

FAARMS

$10M

No

5

3/10/2022

Series B

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$99M

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10

11/30/2021

Seed

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$99M

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10

Date

11/28/2022

11/17/2022

7/14/2022

3/10/2022

11/30/2021

Round

Seed VC

Seed VC

Seed VC

Series B

Seed

Company

Lyte Ventures

Summer International

FAARMS

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Amount

$4.82M

$5M

$10M

$99M

$99M

New?

Yes

Yes

No

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Co-Investors

MS&AD Ventures, SingTel Innov8, and Undisclosed Investors

Sources

1

8

5

10

10

Koh Boon Hwee Portfolio Exits

3 Portfolio Exits

Koh Boon Hwee has 3 portfolio exits. Their latest portfolio exit was Postr on January 12, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

1/12/2021

Acquired

$99M

11

2/18/2016

Acquired

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$99M

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10

7/2/2013

Acquired

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$99M

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10

Date

1/12/2021

2/18/2016

7/2/2013

Exit

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

$99M

Acquirer

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Sources

11

10

10

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