Earlier this month, Grab closed its first senior secured term loan facility with a principal amount of US$2 billion. Go to Source
Author: Tech In Asia Online News
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
Report: Tesla to launch manufacturing unit in southern India
The electric vehicle maker also recently registered a unit in the country. Go to Source
Report: Tesla’s new $25k compact car will be designed and made in China
The new compact car will be the cheapest Tesla available in all the markets where it’s sold. Go to Source
Grab ties up with a cloud kitchen startup to help F&B businesses in Indonesia
The partnership aims to help its F&B business expand and create new delivery-only brands through the two companies’ combined network of 80 cloud kitchens. Go to Source
Ex-Grab Philippines head seizes a generational opportunity with new startup
Regulations are driving the modernization of the Philippines’ jeepney system, giving Byahe a chance to solve the country’s transportation problems. Go to Source
Weekly funding: Didi Cargo hauls in $1.5b to take top spot
Keep track of all the startup investment activities in Asia through our weekly funding list. Go to Source
Chinese self-driving startup nets $154m in investment from state-backed fund
With the new funds, Uisee will further develop its autonomous driving technology and accelerate its monetization. Go to Source
How could the Grab-Gojek merger impact Gojek in Vietnam?
Gojek hasn’t had it easy in Vietnam, a report on what tech employees are looking for in a company, and Indonesian driver unions threaten to protest over the Grab-Gojek merger Go to Source
Sequoia China joins $35m round for Chinese automotive aftermarket startup
The latest investment comes less than half a year after CassTime secured US$50 million in a series C2 round led by Greater Bay Area Homeland Investments. Go to Source