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Southeast Asian on-demand transport rivals Grab and Gojek deny that they are involved in talks to merge, but today Grab announced a piece of news that — at the very least — will divert attention from that story, or more likely stoke the fires of speculation that it is indeed gearing up for a deal: […]

Speedinvest, the European seed-stage VC that was started from Vienna but has since added offices in London, Berlin, Munich and San Francisco, has raised a new €190 million fund. It brings the firm’s total assets under management to more than €400 million. Describing its third fund as “oversubscribed” and ahead of schedule, SpeedInvest’s remit remains […]

Indonesian ride-hailing giant gojek has denied circulating report about merger talks between the company and its rival Grab. The Information reported earlier that a possible merger is being discussed by the two giants after Grab President Ming Maa and Gojek CEO Andre Soelistyo met earlier this month The report further explained that the management of […]

The post Indonesian ride-hailing giant gojek denies report on merger talks with rival Grab appeared first on e27.

In its latest report, White Star Capital (a transatlantic fund investing in Series A and B) found that Southeast Asia is exhibiting very favourable demographic and economic trends. VC funding in the region has reached record levels over the past two years. Funding rounds pipeline of high-quality seed and Series A-stage startups have been driven […]

The post ‘Growth at any cost’ has shifted to ‘growth with reasonable unit economics and a path to profitability’: White Star Capital’s Sanjay Zimmermann appeared first on e27.

Blockchain security startup CoolBitX takes home US$16.75M in Series B led by SBI Crypto Investment CoolBitX, a blockchain security company that builds the infrastructure to close the gap between the mainstream market and crypto industry, has announced that it has closed US$16.75 million in Series B funding round led by Japan’s financial group SBI Holdings. […]

The post News Roundup: CoolBitX, Tonik Financial raise funding; e-cigarettes firm JUUL halts sales to Indonesian retailers appeared first on e27.

Fintech startup Revolut is raising a large Series D round of funding. TCV is leading the $500 million round, valuing the company at $5.5 billion. Over the past few years, Revolut has raised $836 million in total. Some existing investors are also participating in today’s funding round, but Revolut isn’t sharing names. Previous investors include […]