GoTo in talks to sell investor stakes worth US$1B to avoid stock crash
The group is in negotiations with its major investors, including Alibaba and SoftBank; The move is part of a plan to avoid a potential drop in GoTo stock prices once the IPO lock-up period ends on November 30.
Malaysia’s Super App to list in US via US$1.1B SPAC deal
Before the deal with Technology & Telecommunications Acquisition Corporation closes, the payments tech firm will buy 60% of fintech firm MobilityOne’s stake in OneShop Retail.
Grab to close cloud kitchen ops in Indonesia, lays off employees
In a statement, the company said GrabKitchen saw inconsistent growth during its four years of operations, which included a shift to an asset-light business model.
Carousell hit by data breach in Singapore
According to an email sent to its users, the classifieds marketplace said that registered email addresses and mobile phone numbers of users had been exposed during the breach, which occurred on October 14.
SALT Ventures to launch US$150M Fund III
The Indonesian early-stage VC will invest US$5-10 million while allowing for bigger ticket sizes for mature companies; The target sectors include healthcare, consumer goods, and lifestyle.
Korean VC Nextrans to launch US$50M Vietnam-focused fund soon
It will look at writing cheque sizes of up to US$3M; It will look for high-growth tech firms that drive Vietnam’s key sectors, such as consumer, healthcare, finance, healthcare, and agri.
ADB leads US$135M financing for EV development in Vietnam
The package consists of a US$20M loan from ADB, parallel loans of US$87M, and concessional financing of up to US$28M; ADB will finance VinFast to manufacture fully-electric public transport bus fleet and first EV charging network.
Gojek-backed Bank Jago doubles revenue to US$24M for Q3
However, the digital bank’s interest expense widened by 2.2x y-o-y to US$2.4M; This played a part in the company logging US$750K in net profit for the quarter, an 18% drop compared to a year ago.
Unilever Ventures leads US$6M round of Indonesian vitamin brand
Youvit’s offerings are available in 20K+ retail stores and major e-commerce platforms and its own direct-to-consumer website; Its products target Southeast Asia’s urban millennials.
Jurnal co-founder’s F&B management firm Runchise raises funding
The investors include East Ventures, Arise, and Init 6; Runchise helps restaurant and franchise owners manage their stores; Its services are used for table arrangement, supply chain management, and PoS processes.
SG-based PoS startup Waffle eyes US$1.5M raise
Waffle’s plans come after it breached hundred of locations across Singapore; Waffle provides point-of-sale and integrated loyalty programme solutions for local businesses.
East Ventures pours pre-seed funding into Indonesia’s FitHappy
The health-tech firm connects individuals with coaches that can help them improve their eating, physical exercise, mindfulness, and productivity habits; It also operates a marketplace for healthy F&B.
Ex-Luckin execs launch first location for new coffee venture
Luckin Coffee Charles Lu and Jenny Qian’s venture Cotti Coffee will serve coffee, Italian biscuits, and other food during the morning; It will also offer meals at noon, wine in the evening, and snacks in between.
SG commodities intelligence startup bags US$380K seed round
Investors are Stellar James Management and Palmm; Navigate Commodities’s platform digitalises end-to-end supply chain monitoring, providing more accurate real-time information using AI.
Hodlnaut accuses EY staff of dishonesty; EY fires back
The crypto lender, which lost US$193M in the UST collapse in May, signed an application asking S’pore’s High Court to replace EY as its its interim judicial manager, claiming it’s been unfairly prejudicial.
How small businesses can boost brand visibility via videos and messaging
With Meta platforms and products such as video and messaging, small businesses around the world are becoming more visible in their communities.
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The post Ecosystem Roundup: GoTo in talks to sell investor stakes worth US$1B, Carousell hit by data breach, MY fintech firm to list in US via US$1.1B SPAC deal appeared first on e27.