Didi Autonomous Driving is reportedly looking to rake in up to US$500 million in the potential raise at a valuation of around US$6 billion. Go to Source
Author: Tech In Asia Online News
Ant-backed Chinese bike-sharing startup eyes $1b in US listing
Shanghai-based Hello has yet to decide on the size and valuation of its IPO. Go to Source
Sources: Grab mulls SPAC merger for US listing
However, a US listing through a traditional IPO remains on the cards for the Singaporean tech titan, said the sources. Go to Source
Singaporean ride-hailing app Ryde plans local IPO in 2022
With rivals such as Grab and Gojek eyeing IPOs this year, competition is set to get tougher with the market giants and their war chests. Go to Source
Online car-buying platform Autohome may raise up to $1.1b in Hong Kong listing
The China-based firm is set to offer 30.29 million shares at a maximum price of about US$32.46 apiece, according to a term sheet. Go to Source
Grab aids Indonesia’s Covid-19 vaccination push via drive-through service
The initiative began on February 28 in Bali, marking the first vaccination drive of its kind in Southeast Asia. Go to Source
Indian EV battery for rickshaws startup raises seed funding in Orios-led round
Battery Smart aims to set up 300 battery swapping stations in Delhi-NCR by the end of the year. Go to Source
Sources: SoftBank-backed ride-hailer Didi Chuxing to expand into Europe
It plans to debut in the UK, France, and Germany within the first half of 2021, and is said to be already hiring locally in the European market. Go to Source
Grab receives funding from South Korean retailer Shinsegae Group’s VC arm
Earlier this month, Grab closed its first senior secured term loan facility with a principal amount of US$2 billion. Go to Source
Going public may boost Grab, Gojek valuations by billions
Going public could drive up valuations for Grab, Gojek, and Tokopedia by almost US$24 billion. We run the numbers to show how this is possible. Go to Source