Mergers & Acquisitions
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BharatPe Joins The Unicorn Club With Threefold Rising Valuation to $2.85 Billion
BharatPe, merchant payments, and financial services provider, has raised $370 million in a primary and secondary fundraising round led by new investor Tiger Global Management of New York. Dragoneer Investor Group and Steadfast Capital are…
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Malaysia AirAsia To Buy Indonesia Gojek Through A Stock Swap Deal
Tony Fernandes, CEO of Malaysia’s favorite budget airline carrier AirAsia Group, shared in a virtual press conference that AirAsia will be acquiring Gojek’s Thailand business. The process will take place through a stock exchange deal,…
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Indonesia’s GoTo Group Plans Fundraising Before IPO Launch In 2021
Last week, two of Indonesia’s largest startup companies, Gojek and Tokopedia confirmed that they will be merging to form GoTo Group with a deal of US$18 billion to US$22 billion. The merger is said to be…
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Indian Edtech Unicorns continue acquisition spree in 2021
The shift from classroom learning to online learning led by the lockdown during pandemic has bolstered the online learning education scene in India.
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Singapore Startup Carousell Set to Become Latest SEA Unicorn in Merger with Rival 701Search
Singapore’s Carousell, a startup that operates in the online classifieds business space, announced recently that it had agreed to a merger with 701Search, a subsidiary of Norwegian multinational telecommunications giant Telenor Group. The merger of…
