By Ardi Wirdana
Go-Life is a mobile app comprising four services: Go-Massage (home spa and massage service booking), Go-Clean (house-cleaning service booking), Go-Auto (vehicle maintenance service booking), and Go-Glam (beautician booking service). Since it was launched as a separate app from Go-Jek last year, it claims to have acquired 3 million users in 25 cities across Indonesia.
It is also in talks with VCs about providing an exit route for some of their portfolio companies.
“SGX should consider more international collaborations as capital markets are becoming more and more global.”
The focus of the company’s expansion are Asian countries that have cultural similarities with its current markets.
The deal is being seen as a win-win for both. For Yoma Strategic, it means entry into the fintech industry of Myanmar. And, for Wave Money, it translates into access of capital from the SGX-listed firm.
Old Bridge Capital is now raising an additional Rs 300 crore for its Category III AIF, floated in December 2017.
Shivananda talks about the dynamic digital payments market and the impact of emerging technologies such as artificial intelligence (AI) and blockchain.
Investree expects to close the Series B funding round in 2-3 months. Existing investors Kejora and Persada are set to participate in the latest round.
An EY analysis of hundreds of deals in Singapore shows that most firms are destroying shareholder value due to lack of post-deal integration.
Bukalapak co-founder & CFO Rasyid says the company remains open to both an IPO and private financing to fund growth.