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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 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 […]

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 on the Nasdaq stock market. The Singapore-based company has an application for restaurants, allowing clients to monitor the effectiveness of […]

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 a listing. However, media sources from June have connected it to a prospective US listing via SPAC (Special Purpose Acquisition […]

India’s Latest Unicorn, Rebel Foods, Enters The Club After Raising $175m

Cloud kitchen startup Rebel Foods has entered the unicorn club after raising $175 million in its Series F funding round that was led by sovereign wealth fund Qatar Investment Authority (QIA), with a valuation of $1.4 billion. Other investors also include existing investors such as Coatue and Evolvence. Rebel Foods has said that it is […]
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