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Fintech startup Slice achieves unicorn status after $220m funding led by Tiger Global

Fintech startup Slice has become India’s latest unicorn after it raised $220 million at a valuation of over $1 billion. This capital-raising was done as part of Slice’s Series B funding round led by Tiger Global and Insight Partners which are investments firms based in New York. There were also other investors participating in the […]

Mensa Brands is India’s fastest unicorn, achieving the status in six months

India’s Mensa Brands breached the billion-dollar valuation mark in just six months from launch, becoming the fastest startup in India to become a unicorn. “Our deep focus on technology and digital brand building, as well as our people, has allowed us to grow 3x of our initial plan,” Ananth Narayanan, founder, and CEO of Mensa […]

Grab Announces A $988 Million Financial Loss In Q3 Due To A Drop In Ride-Hailing During Lockdowns

The Singapore unicorn expects its SPAC deal to finalize in Q4 of this year. Grab, the Southeast Asian unicorn reported a net loss of $988 million for the July-September quarter, increased from a loss of $621 million a year earlier, as increased COVID-19 control measures in the area impacted its core ride-hailing business. The Singaporean […]

Philippine fintech Mynt raises $300m, hitting “double-unicorn” status

The Philippines-based payments app, Mynt, has become the first tech unicorn in the country after raising over $300 million in a funding round that valued the company at over $2 billion. It is the fintech arm of Globe Telecom and the operator of the popular mobile wallet GCash. It announced that the funding round was […]

2021: Total of 27 Southeast Asia’s Unicorns Rise Since 2014

Since there were only three unicorns in Southeast Asia in 2014, the ecosystem is teeming with billion-dollar startups. There were just three unicorns in Southeast Asia in 2014: VNG, Garena (now ‘Sea,’ and Razer. Today, there are more than 20 unicorns in the region. This phenomenal expansion can be traced in part to the region’s […]
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