The potential investment from Tiger Global may bump up the valuation of Spinny to about US$800 million. Go to Source
Author: Tech In Asia Online News
Grab’s Anthony Tan assures that SPAC merger will be completed by year-end
The company wants to be proactive and transparent in reporting the deal’s financials, he said. Go to Source
Grab pushes completion of SPAC merger deal to fourth quarter
Grab is working with the US Securities and Exchange Commission to get pre-clearance of certain accounting policies and financial disclosures. Go to Source
Grab, BRI Ventures team up to launch startup accelerator in Indonesia
The accelerator’s pilot program gives startups access to Grab’s customer and user base, which includes merchant and driver partners. Go to Source
Indonesian logistics startup SiCepat enters electric vehicle business
For the first phase, SiCepat will also add 5,000 Volta e-motorcycles to its fleet. Go to Source
Grab-Stripe’s partnership, explained
We explore what the GrabPay-Stripe partnership means for both companies and take a look at the changes in directorship at One Championship Go to Source
Thailand-based automotive parts firm nets undisclosed sum in pre-series A money
The company aims to serve about 10,000 independent workshops across Thailand by 2024 and expand to Indonesia and Malaysia. Go to Source
Razer partners with Hong Kong startup to build self-driving ships to clean marine waste
The partnership with Clearbot includes support from Razer’s engineers and designers to build a new prototype as well as a US$50,000 grant. Go to Source
Singapore autonomous vehicle startup bags ‘multimillion-dollar’ series A money
MooVita specializes in designing and deploying roadworthy autonomous vehicles in urban cities around the globe. Go to Source
M&A deals to drive increase in exit events in next 2 years for SEA startups: Report
Even though the pandemic slowed the pace of exits in 2020, the rise of SPACs has piqued the interest of institutional investors in Southeast Asian tech firms. Go to Source