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Grab s US listing plan casts spotlight on South-east Asian ecosystem

SINGAPORE (The Straits Times/ANN): Singapore-headquartered super app Grab s plans to go public in the United States, in what is the largest blank cheque company deal ever, is testament to the growth prospects of South-east Asia and Singapore s start-up ecosystem, analysts and industry players said. Grab, which started out as MyTeksi to address the safety concerns of taxi commuters in Kuala Lumpur, announced on Tuesday (April 13) its agreement with Altimeter Growth, a special purpose acquisition company (Spac) backed by Altimeter Capital, which will see the combined entity valued at around US$39.6 billion (S$53.2 billion). Rajive Keshup, investment director at Cathay Innovation, said the deal spotlights the South-east Asia ecosystem - a market not driven primarily by capital or stimulus bubbles, but by economic fundamentals, such as the growth of the middle class, consumption and discretionary spending.

Kuala lumpurUnited statesRajive keshupSachin mittalFinancial groupVertex holdingsStraits times asia news networkGroup researchSoutheast asiaAltimeter growthAltimeter capitalCathay innovationKee lockVertex ventures southeast asiaSouth east asian spacGrab financial group

I see a future where there are no male or female entrepreneurs, but just entrepreneurs

I see a future where there are no male or female entrepreneurs, but just entrepreneurs
dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.

Cindy kuaSiam commercial bankThailand based sundayVertex ventures southeast asiaQuona capitalLine venturesசிண்டி குவாசியாம் வணிகரீதியானது வங்கிவெர்டெக்ஸ் முயற்சிகள் தென்கிழக்கு ஆசியாவரி முயற்சிகள்

PatSnap raises $300m Series E led by SoftBank Vision Fund 2, Tencent Investment

PatSnap raises $300m Series E led by SoftBank Vision Fund 2, Tencent Investment Human interaction with artificial intelligence | Photo: Bloomberg March 17, 2021 Singapore-based innovation intelligence company PatSnap has raised $300 million in a Series E round led by SoftBank Vision Fund 2 and Tencent Investment, according to a press statement. Existing investors namely CITIC Industrial Fund, Sequoia China, Shunwei Capital, Vertex Growth (VGF) as well as Vertex Ventures Southeast Asia and India (VVSEAI) participated in the round. PatSnap reached a valuation topping $1 billion following the fresh funding, Bloomberg reported. The company will use the proceeds to advance its innovation intelligence platform, accelerate product development, and acquire additional domain expertise in the industry sectors. The company will also expand its global sales presence, as well as invest in the growth and professional development of its employees.

United kingdomCity ofEric chenOxford university innovationSoftbank vision fundDow chemical companyIndustrial fundSequoia capitalTencent investmentSequoia chinaShunwei capitalVertex growthVertex ventures southeast asiaDow chemicalSoftbank investment advisersஒன்றுபட்டது கிஂக்டம்

Singapore-founded IP platform raises $300 million to become unicorn

Singapore-founded IP platform raises $300 million to become unicorn
wtvbam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from wtvbam.com Daily Mail and Mail on Sunday newspapers.

Guan dianCity ofUnited kingdomSherry jacob phillipsAradhana aravindanSoftbank vision fundOxford university innovationDow chemical companyTencent investmentSequoia chinaShunwei capitalVertex ventures southeast asiaDow chemicalAsia pacific vice president guan dianகுவான் டையந்நகரம் ஆஃப்

Singapore-founded IP platform PatSnap raises US$300m to become unicorn

Singapore-founded IP platform PatSnap raises US$300m to become unicorn
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Guan dianCity ofUnited kingdomAsia pacificSoftbank vision fundOxford university innovationDow chemical companyTencent investmentSequoia chinaShunwei capitalVertex ventures southeast asiaDow chemicalகுவான் டையந்நகரம் ஆஃப்ஒன்றுபட்டது கிஂக்டம்ஆசியா பெஸிஃபிக்