Go-Jek, the Indonesia-based ride-hailing company that is challenging Grab in Southeast Asia, has announced the first close of its Series F round, as TechCrunch reported last week. The company isn’t revealing numbers but sources previously told us it has closed around $920 million. Go-Jek is planning to raise $2 billion for the round, as reported last […]
View More Go-Jek confirms first close of $2B Series F round at $9.5B valuationCategory: Thailand
Grab raises $200M from Thailand-based retail conglomerate Central Group
Grab’s fundraising push continues unabated after the Southeast Asian ride-hailing firm announced that it has raised $200 million from Central Group, a retail conglomerate based in Thailand. Central’s business covers restaurants, hotels and more than 30 malls in Thailand, while it has operations in markets that include Vietnam and Indonesia. Its public-listed holding companies alone are worth more […]
View More Grab raises $200M from Thailand-based retail conglomerate Central GroupGo-Jek makes first close of $2 billion round at $9.5 billion valuation
Southeast Asia-based ride-sharing firm Go-Jek is making progress with its plan to raise up to $2 billion in fresh capital to fund its battle with close rival Grab . Indonesia-headquartered Go-Jek has closed an initial chunk of that round after a collection of existing investors, including Google, Tencent and JD.com, agreed to invest around $920 million […]
View More Go-Jek makes first close of $2 billion round at $9.5 billion valuationVCs give us their predictions for startups and tech in Southeast Asia in 2019
The new year is well underway and, before January is out, we polled VCs in Southeast Asia to get their thoughts on what to expect in 2019. The number of VCs in the region has increased massively in recent years, in no small part due to forecasts of growth in the tech space as internet […]
View More VCs give us their predictions for startups and tech in Southeast Asia in 2019Go-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 PhilippinesGrab 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 is messing up the world’s largest mapping community’s data in Southeast Asia
Grab, Southeast Asia’s top ride-hailing company, has hit a roadblock in its efforts to improve its mapping and routing service after running into trouble with OpenStreetMap, the world’s largest collaborative mapping community, through a series of blundering edits in Thailand. Grab, which gobbled up Uber’s local business in exchange for an equity swap earlier this […]
View More Grab is messing up the world’s largest mapping community’s data in Southeast AsiaTNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups
TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura […]
View More TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startupsStruggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s Ezbuy
Southeast Asia is a growing digital marketplace and increasingly a focus for startups across the world but there haven’t been many exits. So it’s notable, then, that struggling Chinese discount e-commerce service LightInTheBox has closed its acquisition of Singapore-based Ezbuy, which operates a cross-border selling service in Singapore, Malaysia, Indonesia, Thailand and Pakistan. The all-stock deal was […]
View More Struggling e-commerce firm LightInTheBox completes $85M deal for Singapore’s EzbuyNeuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities
Despite the rise in electric scooters in the U.S., you’d be forgiven for thinking that Asia — the region where bike-sharing foreshadowed the rise of e-scooters — has been left off the party. But e-scooters have quietly been in the region for some time and now they are beginning to ramp up. Singapore-based Neuron Mobility is […]
View More Neuron Mobility raises $3.7M to bring e-scooters to Southeast Asia’s cities