After 4 years of fierce battle with Uber, Grab takes over its assets and now gears up for its next battle in Southeast Asia.
Malaysian tech ecosystem welcomes a new US$238mil fund from Malaysian Debt Ventures.
KWAP has travelled up the risk curve in its search for yield with a US$30 million investment in Uber. But it’s far from a shoo-in, thanks to bubble-like valuations at the ride-hailing giant and an IPO market that may not have the ammo – or temperament – for a unicorn this size.
Fatfish Internet Group has exited from digital staffing platform Nvoi Ltd, in which it made an early investment, after the latter successfully listed on the ASX via a reverse takeover of Orrex Resources Ltd.
A new US$30mil venture fund targeting early stage startups is sure to warm the hearts of founders, while Karamjit Singh is also proud to announce the second volume of Digerati50 is available for download.
Tune Studios and BAC Ventures have completed the acquisition of Malaysian live music booking startup Gigfairy for an undisclosed amount.
Singapore-based social enterprise and ‘civic technology’ startup Start Now Pte Ltd announced it has been acquired by Goodtizens Technologies Pte Ltd, a spinoff company by The GoodWater Company Pte Ltd.
Ardent Capital has announced that its Sri Lanka-based e-commerce portfolio company Wow.lk (formerly Anything.lk) after Dialog Axiata increased its stake of Wow.lk’s operating company, Digital Commerce Lanka Pvt (DCL), to 100%.
Digital News Asia (DNA) continues a weekly series that profiles the top 50 influencers, movers and shakers who are helping shape Malaysia’s Digital Economy. These articles are from Digerati50, a special print publication released in January 2014.