AmBank is on investors’ radars after the settlement of claims linked to the 1MDB con, insiders say. Go to Source
Author: Tech In Asia Online News
Sequoia backs $95m round of Indonesian used-car platform
Moladin said it currently has more than 40,000 agents and dealers across 135 cities in Indonesia. Go to Source
Meet the growing ranks of the Grab mafia
As Grab alumni founders grow in number, can the company catch a second wind by tapping into them? Go to Source
Didi faces probe in US over $4.4b IPO
Didi said it was cooperating with the investigation but it cannot predict its “timing, outcome, or consequences,” reported the South China Morning Post. Go to Source
Grab-Singtel, others win Malaysia digital bank license
The Grab-Singtel digibank will hire more than 200 people in Malaysia. Go to Source
Top Grab executive to join BukuWarung
Ankur Mehrotra, Grab Financial Group’s managing director, is planning to quit the firm to join the Indonesia-based bookkeeping app, Bloomberg reported. Go to Source
Didi puts brakes on HK listing plans amid regulatory investigation
The ride-hailing titan delisted from NYSE last year amid scrutiny from China’s cyberspace administration. Go to Source
Ola Electric recalls thousands of scooters after one sets on fire
Electric scooters from other Indian EV startups such as Okinawa and PureEV also experienced similar incidents leading to recalls, reported Reuters. Go to Source
Swiggy leads $180m round of 🇮🇳 bike-taxi firm
Rapido will use the capital to expand its team, strengthen its tech capabilities, and enhance the consumer experience. Go to Source
Grab and go: analyzing the dash for Home Credit’s SEA business
In The Top Up this week, we look at Grab’s potential acquisition of Home Credit’s Southeast Asia business and tackle illegal binary options in Indonesia. Go to Source