The digital revolution in Indonesia, Southeast Asia’s largest economy, continues to attract big money from investors. Hot on the heels of a $50 million round for Bukalapak, a billion-dollar company helping street stall traders to tap the internet, so Warung Pintar, another startup helping digitize the country’s vendors, has pulled in $27.5 million for growth. Bukalapak […]
View More Warung Pintar raises $27.5M to digitize Indonesia’s street vendorsCategory: go-jek
Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion
Ride-hailing startup Go-Jek’s expansion into the Philippines ran into problems earlier this month over its ownership structure, but that isn’t deterring the Indonesian company from investing into the market. Today, Go-Jek announced that it has acquired local fintech company Coins.ph through “substantial investment” which gives it a majority stake in the business. The deal is officially […]
View More Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansionGrab moves to offer digital insurance services in Southeast Asia
Grab is Southeast Asia’s top ride-hailing firm, thanks in no small part to its acquisition of Uber’s local business last year, but the company also houses an ambitious fintech arm, too. That just added another vertical to its business after Grab announced it is teaming up with China’s ZhongAn to introduce insurance. Grab and ZhongAn International, […]
View More Grab moves to offer digital insurance services in Southeast AsiaGo-Jek’s Southeast Asia expansion runs into a roadblock in the Philippines
Southeast Asian ride-hailing challenger Go-Jek has expanded into three new markets as it bids to expand beyond its native Indonesia, but it is having major issues getting into a fourth. The company — which rivals Grab, is valued at over $6 billion and is backed by the likes of Google and Tencent — this week […]
View More Go-Jek’s Southeast Asia expansion runs into a roadblock in the PhilippinesDidi launches lending and insurance as new regulation threatens to lower driver numbers
Didi Chuxing, China’s dominant ride-hailing firm, is rolling out a range of financial and insurance services as it looks to fortify its service against a range of challenges in 2019. The company announced today that it is adding “protection” insurance and credit services for both passengers and drivers who use its platform. The former is […]
View More Didi launches lending and insurance as new regulation threatens to lower driver numbersGo-Jek extends ride-hailing service to the rest of Singapore
After a limited rollout, Go-Jek said today that it will extend its ride-hailing service to all of Singapore tomorrow while continuing its beta phase. The Indonesian-based company began offering rides in Singapore at the end of November, but only for passengers riding to and from certain areas. It https://www.straitstimes.com/singapore/transport/gojek-introduces-dynamic-pricing-move-will-likely-attract-more-drivers-to-joinintroduced dynamic pricing there, which increases prices […]
View More Go-Jek extends ride-hailing service to the rest of SingaporeGrab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats up
Southeast Asian ride-hailing firm Grab is aiming to start the new year with a bang and an awful load of bucks. The company, which acquired Uber’s local business earlier this year, is planning to raise as much as $5 billion from its ongoing Series H round, up from an original target of $3 billion, a source with […]
View More Grab raises fundraising target to $5B as Southeast Asia’s ride-hailing war heats upGrab invests $100M into India’s OYO to expand its budget hotel service in Southeast Asia
Southeast Asian ride-hailing firm Grab has made its most ambitious investment to date after it backed India-headquartered budget hotel network OYO to the tune of $100 million. The investment was part of a $1 billion Series E round led by SoftBank’s Vision Fund that closed back in September. The deal was first made public via a […]
View More Grab invests $100M into India’s OYO to expand its budget hotel service in Southeast AsiaPhilippines fintech business Voyager raises $215M in Tencent-led round
One of the year’s largest fintech investments in Southeast Asia has closed after Philippines-based Voyager announced it raised $215 million. The bulk of the deal comes via a previously announced investment from Tencent which, alongside PE firm KKR, agreed to invest $175 million. Added to that, Voyager has pulled in a further $40 million from International Finance […]
View More Philippines fintech business Voyager raises $215M in Tencent-led roundGoogle report: Southeast Asia’s digital economy to triple to $240 billion by 2025
It may sit in the shade of China and India, but tech has real growth potential in Southeast Asia. Home to a cumulative 650 million people, the region’s digital economy is forecast to triple in size and reach $240 billion over the next seven years, according to Google’s third “e-Conomy SEA” report. The annual study, which […]
View More Google report: Southeast Asia’s digital economy to triple to $240 billion by 2025KKR’s latest Southeast Asia bet is a $144M investment in PropertyGuru
Global investment giant KKR is warming up to Southeast Asia after it made a third high-profile investment. The firm — which has nearly $150 billion in assets under management — has cut a SG$200 million (US$144 million) check for PropertyGuru, the region’s largest property listings group. Founded in 2006, PropertyGuru operates rental and sale listing sites in […]
View More KKR’s latest Southeast Asia bet is a $144M investment in PropertyGuruTencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines
China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom firm PLDT. The deal would bring Tencent into direct competition with arch-rival Alibaba, which entered the Philippines 18 months ago when its fintech affiliate Ant […]
View More Tencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines