Mr. Kenny Adessky reports
HAPBEE SECURES STRATEGIC BACKING AND COMMERCIAL AGREEMENT TO ENTER MULTI-BILLION DOLLAR ASIAN WELLNESS MARKET
Smile Group, a prominent Asia-based venture builder and growth partner, has made a strategic investment in Hapbee Technologies Inc. and entered into a commercial agreement to launch Hapbee's digital wellness platform across Asia.
The partnership will initially focus on Singapore and India, two rapidly growing wellness markets, with expansion planned into other regions of Asia.
Smile Group brings over two decades of expertise in launching and scaling category-defining technology ventures and has supported the regional growth of global brands, including Airbnb and Snap. Smile Group recently expanded into the health technology space with the launch of its dedicated HealthTech Venture Builder, led by former AstraZeneca & Boehringer Ingelheim MD Gagandeep Singh Bedi, to focus on high-growth wellness and preventive health care start-ups across Asia.
"We are delighted to partner with Hapbee to bring their innovative bio-streaming wellness technology to consumers in Asia," said Harish Bahl, founder and chief executive officer of Smile Group. "Our experience in building tech-forward ventures, combined with Hapbee's unique product offering, creates a strong foundation to meet the region's growing demand for wellness solutions."
The strategic partnership will leverage Smile Group's deep market knowledge, operational infrastructure and expertise in consumer technology and brand building to accelerate Hapbee's entry and adoption in Asia.
"Smile Group is an ideal partner for Hapbee's international expansion," said Yona Shtern, CEO of Hapbee. "Their expertise in consumer tech and recent focus on leveraging AI in preventive health tech align perfectly with our mission. We see significant opportunity to grow Hapbee's presence in markets such as Singapore and India, where consumers are increasingly seeking innovative ways to enhance their well-being."
Smile Group will be investing $675,000 in Hapbee's non-brokered private placement, consisting of up to 10 million units at a price of 10 cents per unit for aggregate gross proceeds of up to $1-million. Each unit will consist of one subordinate voting common share of the company and one common share purchase warrant. Each warrant will be exercisable for one additional share of the company at a price of 15 cents for three years from the date of issuance.
The closing date will be on or about Aug. 20, 2025, or such later date as the company may determine. Closing will be subject to receipt of conditional approval by the TSX Venture Exchange.
About Smile Group
Smile Group is a technology investor and operator, focused on scaling global ventures in high-growth markets. The group has venture-built several notable ventures, including: Zupee, India's largest real-money gaming company; SingleInterface, a fast-growing O2O SaaS (software-as-a-service) platform; and Tyroo, a media SaaS venture.
Headquartered in Singapore and rooted in New Delhi, Smile Group has played a pivotal role in the Asian expansion of global brands, such as Airbnb, Hive, Snap and Twitter.
Driven by its "founders scaling founders" principle, Smile Group combines proprietary capital with deep operational expertise, empowering start-ups with the tools to scale sustainably and lead in competitive markets. The group's current priorities are all things AI (artificial intelligence) and preventive health care.
About Hapbee
Technologies Inc.
Hapbee Technologies is a digital wellness company pioneering ultralow-frequency bio-streaming. Its wearable platform empowers users to choose how they want to feel -- sleep, calm, focused, alert and more -- without ingesting substances. Trusted by professional athletes, wellness experts and peak performers, Hapbee helps users take control of their mental state, naturally.
Availability for U.S. investors
Hapbee Technologies is publicly traded on the TSX Venture Exchange under the symbol HAPB and is also available to U.S. investors via the OTC Markets under the symbol HAPBF. Hapbee shares can be acquired through any brokerage that supports OTC (over-the-counter) securities.
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