Unicorns
eFishery is undergoing “structural adjustments”.
1
Indonesia's eFishery, Singapore’s MoneyHero Group lay off staff
2
PE majors in talks for majority stake in Indian hospital chain: Report
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Hyundai's planned $3b IPO celebrates its made-in-India success story
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IPO-bound Shein may lose appeal as end nears for tax breaks
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TPG NewQuest India MD Nitin Agarwal resigns: report
More Stories
L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Earnings and Results
Bank Jago booked a net profit of $3.07m in Jan-June 2024.
Policy & Regulations
A five-year Golden Visa requires individuals to set up a company worth $2.5m.
Deals
The Indonesian telco is looking to raise $1.5-2b from the sale.
Analysis
Volta’s parent ESB is eyeing Malaysia, Thailand, and Vietnam.
Jio and MediaTek will team up to make digital dashboards for electric scooters.
The company is expanding into leisure and food delivery, mirroring the strategy of Chinese sister app Douyin.
Capital raised by startups in the region fell 36% YoY in H1 2024.
IPOs & Markets
The cancellation does not impact GoTo’s ongoing share buyback initiatives approved by the shareholders.
Industry grapples with layoffs and protests over pricing systems and work arrangements.