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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…
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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…
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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,…
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Grab Now Offers Food and Grocery Deliveries as Ride-Hailing Slows
Digital tech unicorn Grab has been working to put its home delivery service that delivers food and grocery products in the black by the end of this year as it prepares to offer its shares…
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Carousell Achieved Unicorn Status, With a Valuation of US$1.1B Thanks to a US$100M Investment From Korea’s STIC Investments
Carousell Group, a Singapore-based classifieds startup with operations in nine countries throughout Asia and Canada, revealed yesterday that it had secured US$100 million (RM415 million) to accelerate expansion. The media announcement made no mention of…
