Author: Yimie Yong

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.

The company was said to be among some 170 firms that applied to the Monetary Authority of Singapore for a permit to offer cryptocurrency services.

The drone tech firm currently is also in the midst of raising a bridge round ahead of its Series C funding round next year.

Golden Gate's move comes at a time when Southeast Asia is attracting more investors into the region.

The company is said to be seeking to raise $200 million to $300 million from new and existing backers.

Vingroup had set up a Singapore-based holding company owning a stake in Vinfast's operations in Vietnam to fuel the IPO process.

Prenetics, which is expected to go public on the Nasdaq in the first quarter of next year, is also actively looking for local partners in Southeast Asia.

Altimeter Growth Corp announced that its shareholders approved the business combination with Grab at an extraordinary meeting of shareholders on Tuesday.