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Unicorns

eFishery co-founders’ suspension sparks investor anxiety

eFishery’s troubles have dented the optimism surrounding local startups.

NEV developer Chunqing hits $1.5b valuation after $135m deal

The new deal comes less than 11 months after Chunqing secured $100m.

Chinese LLM unicorn Zhipu AI pockets over $411m

Legend Capital re-upped in the fresh round.

Singapore’s Tyme Group raises $250m at unicorn valuation

The Series D funding was led by Brazil’s Nubank.

Exclusive: eFishery’s board suspends co-founders Gibran Huzaifah, Chrisna Aditya amid probe

The Indonesian unicorn’s board has also picked a new CEO and CFO.

Temasek leads $210m funding in India’s Rebel Foods: Report

The fresh infusion has valued the Mumbai-based company at $1.4 billion.

Singapore classifieds unicorn Carousell lays off 76 workers

For the year ended Dec. 31 2023, the company’s top expense was employee benefits.

aCommerce eyes strategic partnerships, IPO in ‘near term’

aCommerce is looking to scale beyond the region and enter new geographies.

TikTok parent ByteDance’s valuation said to hit $300b

ByteDance’s global revenue grew 30% last year to $110 billion.

China’s Zelos nets $100m after getting nod to deploy unmanned vehicles on SG roads

In February, the startup closed a Meituan-led Series A round at $100 million.