GoTo in talks to promote investor stakes price US$1B to keep away from inventory crash
The group is in negotiations with its main buyers, together with Alibaba and SoftBank; The transfer is a part of a plan to keep away from a possible drop in GoTo inventory costs as soon as the IPO lock-up interval ends on November 30.
Malaysia’s Tremendous App to record in US by way of US$1.1B SPAC deal
Earlier than the take care of Expertise & Telecommunications Acquisition Company closes, the funds tech agency will purchase 60% of fintech agency MobilityOne’s stake in OneShop Retail.
Seize to shut cloud kitchen ops in Indonesia, lays off staff
In an announcement, the corporate mentioned GrabKitchen noticed inconsistent development throughout its 4 years of operations, which included a shift to an asset-light enterprise mannequin.
Carousell hit by information breach in Singapore
In response to an e-mail despatched to its customers, the classifieds market mentioned that registered e-mail addresses and cell phone numbers of customers had been uncovered throughout the breach, which occurred on October 14.
SALT Ventures to launch US$150M Fund III
The Indonesian early-stage VC will make investments US$5-10 million whereas permitting for greater ticket sizes for mature corporations; The goal sectors embody healthcare, client items, and way of life.
Korean VC Nextrans to launch US$50M Vietnam-focused fund quickly
It is going to take a look at writing cheque sizes of as much as US$3M; It is going to search for high-growth tech corporations that drive Vietnam’s key sectors, equivalent to client, healthcare, finance, healthcare, and agri.
ADB leads US$135M financing for EV improvement in Vietnam
The package deal consists of a US$20M mortgage from ADB, parallel loans of US$87M, and concessional financing of as much as US$28M; ADB will finance VinFast to fabricate fully-electric public transport bus fleet and first EV charging community.
Gojek-backed Financial institution Jago doubles income to US$24M for Q3
Nonetheless, the digital financial institution’s curiosity expense widened by 2.2x y-o-y to US$2.4M; This performed a component within the firm logging US$750K in internet revenue for the quarter, an 18% drop in comparison with a 12 months in the past.
Unilever Ventures leads US$6M spherical of Indonesian vitamin model
Youvit’s choices can be found in 20K+ retail shops and main e-commerce platforms and its personal direct-to-consumer web site; Its merchandise goal Southeast Asia’s city millennials.
Jurnal co-founder’s F&B administration agency Runchise raises funding
The buyers embody East Ventures, Come up, and Init 6; Runchise helps restaurant and franchise homeowners handle their shops; Its providers are used for desk association, provide chain administration, and PoS processes.
SG-based PoS startup Waffle eyes US$1.5M increase
Waffle’s plans come after it breached hundred of places throughout Singapore; Waffle supplies point-of-sale and built-in loyalty programme options for native companies.
East Ventures pours pre-seed funding into Indonesia’s FitHappy
The health-tech agency connects people with coaches that may assist them enhance their consuming, bodily train, mindfulness, and productiveness habits; It additionally operates a market for wholesome F&B.
Ex-Luckin execs launch first location for brand spanking new espresso enterprise
Luckin Espresso Charles Lu and Jenny Qian’s enterprise Cotti Espresso will serve espresso, Italian biscuits, and different meals throughout the morning; It is going to additionally supply meals at midday, wine within the night, and snacks in between.
SG commodities intelligence startup luggage US$380K seed spherical
Traders are Stellar James Administration and Palmm; Navigate Commodities’s platform digitalises end-to-end provide chain monitoring, offering extra correct real-time info utilizing AI.
Hodlnaut accuses EY employees of dishonesty; EY fires again
The crypto lender, which misplaced US$193M within the UST collapse in Could, signed an utility asking S’pore’s Excessive Court docket to interchange EY as its its interim judicial supervisor, claiming it’s been unfairly prejudicial.
How small companies can enhance model visibility by way of movies and messaging
With Meta platforms and merchandise equivalent to video and messaging, small companies all over the world have gotten extra seen of their communities.
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