Indonesia
Husted may focus on fintech arm; Thohir stepping down to focus on his family business.
1
Indonesian climate tech startup Rekosistem secures $7m funding
2
Dubai Holding kicks off residential REIT IPO in first listing in Dubai this year
3
InvAscent marks final close of fourth PE fund at $304m: Report
4
SEA Digest: Malaysia's Krenovator raises funds; Vietnam’s FPT buys David Lamm
5
South Africa's Gold Fields to buy Australian miner in $2.4b deal
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foodpanda’s Thai exit marks churn in SE Asia’s food delivery market
SG edtech startup Manabie raises $23m Series B funding led by JIC Venture
Singapore
Among all verticals, deliveries saw the steepest rise in segment-adjusted EBITDA this quarter.
The financial services business has logged two consecutive quarters of positive adjusted EBITDA.
The company posted an adjusted EBITDA of 393 billion rupiah in Q1—its highest ever.
India
The funding also saw participation from Alteria Capital and Innoven Capital
The company also plans to double its store count in five years.
The SE Asian tech companies’ stock declines surpassed that of the US “Magnificent Seven”.
Greater China
Alibaba’s arm will sell 2% of YTO’s total stock via block trades over next three months.
Rest of Asia
Choco Up plans to power asset-light businesses across APAC where it sees a $2t funding gap.
The company has also named Sindhu as its brand ambassador.
