Yimie Yong

The firm, which has invested in several small and medium enterprises (SME) solutions companies, like GudangAda and UnaBrands, also believes that these firms will be the "next big trends" in the region.

The company will also expand and strengthen its services in tier 2 and tier 3 cities as well as rural areas.

It’s that time of the year again when we take a look back at what had happened during the year in the tech and startup scene.

The investment will be used for the brand’s global expansion in the Middle East, Australia, and Southeast Asia, and to further strengthen its foothold in the Indian market.

The Iris Fund, established under the Dana Penjana Nasional program, is co-managed by Hanwha Asset Management and Iris Capital Partners aims to support Malaysian and Southeast Asian startups.

GoTo Group has picked PT Mandiri Sekuritas and PT Indo Premier Sekuritas as underwriters for a local IPO that could happen as soon as next quarter, Bloomberg reported.

The revised SPAC framework will take effect on Jan 1, 2022.

Erick said Indonesia has the potential to create more unicorns, 25 in his estimation.

The company said the timing is just right as it believes that Southeast Asia is on the verge of producing many more great tech companies in years to come.

While Grab did not disclose the financials of the transaction in the filing, the deal is said to be worth between MYR1.5 billion ($354 million) and MYR1.8 billion ($425.42 million), local media reported, quoting sources.