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Aspiring Southeast Asian Unicorns to Watch: Vietnam’s Food Ordering App Lozi
Vietnam-based Lozi, a rapidly expanding technology startup that operates two flagship apps Lozi and Loship, is fast gaining traction among global investors and is one of the country’s many potential tech startups that is primed for achieving unicorn status. Established in 2014, the startup has since then undergone several rounds of funding. It had previously […]
Kickstart Ventures Earmarks US$200M Fund to Support Philippine Tech Startups in Becoming Unicorns
Kickstart Ventures, a Makati City-based venture capital firm that is one of the Philippines’ most active with investments in Coins.ph, Zalora, C88, Wattpad and Singapore-based video publishing platform iVideoSmart, announced recently that it is on the hunt for promising tech startups in the region as it seeks to leverage its US$200 million funds. The fund […]
Indonesia eCommerce Store JD.id now officially a Unicorn
Indonesia is fast becoming the land of unicorns for the region of Southeast Asia. JD.id, a subsidiary of Chinese e-commerce giant JD.com that operates an e-commerce platform in Indonesia, has recently confirmed to an Indonesian news portal that the company’s current valuation has surpassed US$1 billion, which makes it the sixth company to achieve unicorn […]
Unicorn Gojek Unveils Third Batch of Startups for Its Startup Acceleration Program, Gojek Xcelerate
Gojek, the first Indonesian unicorn superapp company that is now a decacorn company with a valuation of over US$10 billion, welcomed its third batch of startups that were chosen from the local retail sector for the third iteration of its Gojek Xcelerate startup acceleration program. Aimed at fostering more unicorns among Indonesia’s promising startups to […]
Unicorn Grab Acquires Robo-advisory Company Bento Invest, to Expand into Retail Wealth Management
Regional ride-hailing unicorn Grab recently announced that it has acquired Bento Invest (Bento), a robo-advisory startup based in Singapore that provides business-to-business and business-to-consumer digital wealth management solutions. Financial details regarding the acquisition were, however, not provided. The acquisition of Bento by Grab will enable the ride-hailing giant to expand its range of financial and […]