Indonesia’s ride-sharing startup Go-Jek plans to land in Singapore, its arch-rival Grab’s HQ, as soon as this month as its regional expansion program gains speed, TechCrunch has come to understand. Go-Jek has grown to become a $5 billion business that’s backed by the likes of Google and Tencent without venturing out of Indonesia, where it […]
View More Go-Jek is close to launching a ride-hailing service in SingaporeCategory: go-jek
Middle East’s Careem is the latest ride-sharing unicorn to get an India-based tech team
India is the new tech outsourcing destination for ride-hailing companies. Southeast Asia’s Grab and Go-Jek both have sizable engineering teams in the country, and now that duo is joined by another billion-dollar company. Careem, which is based in the Middle East and valued at over $1 billion, has entered the fray after it snapped up the […]
View More Middle East’s Careem is the latest ride-sharing unicorn to get an India-based tech teamRide-hailing startup Shohoz raises $15M to build the Grab of Bangladesh
Uber may be global but it is very much the alternative in some parts of the world. One such place is Bangladesh — the South Asian country that’s home to 160 million people — where local rival Pathao is backed by Go-Jek and recently raised $10 million. Now Pathao’s closest rival, Shohoz, has also pulled in […]
View More Ride-hailing startup Shohoz raises $15M to build the Grab of BangladeshGo-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further […]
View More Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battleGolden Gate Ventures closes new $100M fund for Southeast Asia
Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The first hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore […]
View More Golden Gate Ventures closes new $100M fund for Southeast AsiaSoutheast Asia’s Fave raises $20M and adds mystery strategic investor from China
So you thought group-buying was dead?! Not in Southeast Asia where Fave, a company that aims to connect local merchants with customers using discount sales, has closed a $20 million Series B round as it explores expansion opportunities. The startup began as fitness subscription service KFit, but it pivoted group-buying and coupons after it acquired Groupon’s […]
View More Southeast Asia’s Fave raises $20M and adds mystery strategic investor from ChinaSingapore’s Openspace Ventures closes new $135M fund for Southeast Asia
It seems like everyone is out there raising new funds in Southeast Asia. Weeks after we reported Golden Gate Ventures hit a first close on its third fund aimed at $100 million, so Openspace Ventures — the Singapore-based firm formerly known as NSI — has announced a final close of $135 million for its second […]
View More Singapore’s Openspace Ventures closes new $135M fund for Southeast AsiaThree Indonesian tech unicorns unite to back digital insurance startup
It’s almost unheard of to see three unicorns join forces to fund a startup, but that’s exactly what has happened in Indonesia. Ride-hailing company Go-Jek, e-commerce firm Tokopedia and travel booking startup Traveloka — each of which is valued in the billions of U.S. dollars — have come together to provide a Series A funding […]
View More Three Indonesian tech unicorns unite to back digital insurance startupGo-Jek kicks off Southeast Asia expansion with Vietnam launch
Go-Jek, the Indonesia-based ride-sharing company valued at $5 billion, has begun its ambitious plan to increase its rivalry with Grab by expanding into three new markets after it opened shop in Vietnam. The service — which is known as Go-Viet — covers an initial 12 districts in Ho Chi Minh City with a motorbike on-demand service. Rival […]
View More Go-Jek kicks off Southeast Asia expansion with Vietnam launchGoogle adds new Singapore data center as Southeast Asia reaches 330M internet users
Google is adding a third data center to its presence in Singapore in response to continued internet growth in Southeast Asia. It’s been three years since it added a second center in Singapore, and during that time the company estimates that something in the region of 70 million people across Southeast Asia have come online […]
View More Google adds new Singapore data center as Southeast Asia reaches 330M internet usersGolden Gate Ventures hits first close on new $100M fund for Southeast Asia
One of the fascinating things about watching an emerging startup ecosystem is that it isn’t just companies that are scaling, the very VC firms that feed them are growing themselves, too. That’s perhaps best embodied by Golden Gate Ventures, a Singapore-based firm founded by three Silicon Valley entrepreneurs in 2011 which is about to close a […]
View More Golden Gate Ventures hits first close on new $100M fund for Southeast AsiaTelevision content creation in China
The biggest industry you’ve never heard of — until now.
View More Television content creation in China