SEA
Grab delivers first adjusted profitable quarter as topline continues to grow
Southeast Asia superapp Grab said Thursday it has delivered the first adjusted earnings before interest, taxes, depreciation (EBITDA) profitable quarter as topline continues to grow. The group's adjusted EBITDA turned positive for the first time at $29 million for the third quarter, an improvement of $190 million compared to adjusted losses before interest,…
November 10, 2023
Carsome appoints Miguel Fernandez as CFO
Southeast Asia’s largest integrated car e-Commerce platform Carsome Group Inc. has on Wednesday announced the appointment of Miguel Fernandez as its Group Chief Financial Officer, effective from November 1, 2023.
November 8, 2023
News,Asia,SEA,Mergers and Acquisitions
AirAsia parent Capital A to list brand management business on NASDAQ via SPAC deal
The proposed business combination will be at an indicative equity value of $1 billion based on an independent valuation of the AirAsia Brand.
November 2, 2023
Funding Societies raises $7.5M in debt from Norfund
Funding Societies | Modalku, the largest unified small and medium enterprises (SME) digital finance platform in Southeast Asia, has on Thursday announced that it has raised $7.5 million in debt from Norfund, a Development Financial Institution (DFI) which operates an investment fund owned by the Norwegian government for developing countries.
November 2, 2023
News,SEA,Features,Singapore,Mergers and Acquisitions
Singapore’s SPH Media to acquire tech media firm Tech in Asia
Financial terms of the transaction will not be disclosed.
November 2, 2023
News,Singapore,Digital Transformation,SEA
E-Conomy SEA 2023 report: Southeast Asia’s digital economy is set to hit $100B in revenue
Southeast Asia (SEA)’s revenue from the digital economy is poised to hit $100 billion this year, growing 1.7 times as fast as the region’s gross merchandise value (GMV), Google, Temasek and Bain & Company said in a report on Wednesday. According to the 8th edition of the e-Conomy SEA report, despite global macroeconomic headwinds, the region’s GMV…
November 1, 2023
Korea Investment Partners Southeast Asia closes $60M flagship Southeast Asia VC fund
Korea Investment Partners Southeast Asia Pte. Ltd. (KIPSEA), the Singapore-based team of Korea Investment Partners (KIP) has successfully closed $60 million for its first flagship Southeast Asia venture capital fund.
October 30, 2023
Singapore’s YouTrip raises $50M Series B funding to accelerate regional expansion
YouTrip, a Singapore-based multi-currency digital payments platform, has on Thursday announced it has raised $50 million in its latest Series B fundraising round, led by new investor and global venture capital firm Lightspeed. This brings YouTrip’s total funds raised to over $100 million since inception.
October 26, 2023
News,Malaysia,SEA,Mergers and Acquisitions,Features
Malaysia’s Capital A prepares to raise more than $1B in debt, equity as it prepares New York SPAC listing – report
Fernandes has agreed a deal with Aetherium Acquisition, a special purpose acquisition company trading on NASDAQ, and plans to list several businesses through it next year, the FT reported.
October 25, 2023
News,Indonesia,SEA,Social Media
SoPa’s Thoughtful Media ventures into concert sponsoring in Indonesia
Thoughtful Media Group Inc (TMG), the Thailand-based social commerce-focused, premium digital advertising network of Society Pass Incorporated (SoPa), has on Tuesday announced that it will commence sponsoring local live music events in Southeast Asia (SEA), resulting in creating unique marketing opportunities for advertisers.
October 25, 2023