Grab
Grab completes SPAC merger, sees volatile trading debut
Southeast Asia ride-hailing platform turned super app Grab experienced a tumultuous first day of trading on NASDAQ following the completion of its merger with a US-listed special purpose acquisition company (SPAC) at an enterprise valuation of $30.4 billion.
PE-backed Oyo targets $1.1b India IPO
Oyo, an India-focused budget hotel platform backed by the likes of SoftBank Vision Fund, is looking to raise up to INR84.3 billion ($1.1 billion) through a domestic IPO.
Asia fintech: Platform plays
Expansion is the dominant theme in financial technology as start-ups leverage existing assets to enter new verticals, typically in lending. Which ones will become Asia’s preeminent platforms?
Southeast Asia's Grab to merge with SPAC at $30.4b valuation
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.
Korean retailer Shinsegae invests in Southeast Asia's Grab
Korean retailer Shinsegae has invested in ride-hailing and online-to-offline services (O2O) platform Grab, as financial and strategic players from Korea and Japan continue their push into Southeast Asian technology unicorns.
Hanwha leads $300m Series A for Grab's financial unit
Korea’s Hanwha Asset Management has led a $300 million Series A round for the financial services unit of Singapore-based ride-hailing and services platform Grab.
Grab leads $100m round for Indonesia e-wallet player
Singapore-based ride-hailing and local services platform Grab has led a $100 million Series B round for Indonesian e-wallet services provider LinkAja.
Singapore's Ninja Van raises $279m Series D
GeoPost, a logistics division of French postal services giant La Poste, has led a $279 million Series D round for Singapore last-mile delivery start-up Ninja Van.
Grab launches Singapore-Vietnam accelerator
Singapore-based ride-hailing app Grab has teamed up with the local technology regulator to launch a start-up accelerator focused on facilitating business expansions into Vietnam.
Japanese investors commit $856m to Grab
Singapore-based ride-hailing and online-to-offline (O2O) services platform Grab has raised $856 million from Japan’s Mitsubishi UFJ Financial Group (MUFG) and TIS Intec Group.
Translink joins $94m round for Germany’s Volocopter
Translink Capital, a US-based VC focused on facilitating cross-border connections with Asia, has joined a EUR87 million ($94 million) for German flying car developer Volocopter.
GrabWheels gets $30m for Southeast Asia EV rollout
GrabWheels, a unit of Singapore-based ride-hailing giant Grab, has received $30 million from Taiwanese motorcycle maker Kymco for electric vehicle (EV) development in Southeast Asia.
Indonesia advertising tech supplier gets $5.5m
East Ventures and Sinar Mas Digital Ventures (SMDV) have co-led a $5.5 million Series A round for StickEarn, an Indonesian advertising technology supplier.
Grab commits $500m to Vietnam tech ecosystem
Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to invest $500 million in Vietnam’s technology ecosystem in the next five years.
Invesco commits $300m to Southeast Asia's Grab
Southeast Asian ride hailing and online-to-offline (O2O) services platform Grab has received a $300 million commitment from global investment manager Invesco as part of its ongoing $6.5 billion Series H round.
Grab vs Go-Jek: Hitting the gas
As Grab and Go-Jek accumulate war chests to finance their battle for leadership in Indonesia’s online services space, the greatest benefit could go to the next generation of local technology entrepreneurs
Indonesia’s HappyFresh gets $20m Series C
Indonesia-based online grocery delivery platform HappyFresh has raised a $20 million Series C round led by Mirae Asset Capital and South Korean internet conglomerate Naver.
Southeast Asia's Grab ups capital-raising target by $2b
Southeast Asian ride-hailing and online-to-offline (O2O) services platform Grab has confirmed it will seek to raise an additional $2 billion within 2019, bringing its ongoing Series H round to some $6.5 billion.
Southeast Asia tech: Strategic incursions
Strategic investors are jockeying for position in Southeast Asia's blossoming technology space, hoping to gain a foothold with local start-ups before the market reaches a saturation point
SoftBank Vision Fund invests $1.5b in SE Asia's Grab
Southeast Asian ride-hailing and online-to-offline (O2O) services platform Grab has secured a $1.46 billion investment from SoftBank Vision Fund. The commitment brings the capital raised in its ongoing Series H to over $4.5 billion.
Thailand's Central Group invests $200m in Grab
Thai retail conglomerate Central Group has agreed to invest $200 million in ride-hailing and online-to-offline (O2O) services platform Grab, adding to the list of strategic players that have backed the Southeast Asia company in the past year.