Indonesia
Grab already has similar partnerships with Bukalapak and Emtek Group
Reliance Retail's adoption of digital rupee can become playbook for Asia
Adani crisis ignites Indian contagion fears, credit warnings
Indonesia's eFishery to step up US focus in exports push
Japanese VC Global Brain sets up $39m fund with Meiji Yasuda Life Insurance
SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
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Bangladesh B2B startup ShopUp secures $30m debt financing
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
BYJU’s fires another 1,200 employees, more layoffs to follow
Indonesian co-working space CoHive declared bankrupt by court
Indonesian warung enabler GudangAda leans on lending, POS services in revenue push
India
Zomato entered the Philippines in April 2013.
Greater China
It has shifted its international focus to the provision of cross-border supply chain solutions.
Tiger Global has backed five of the 13 profitable unicorns in the country.
Of the total 107 startup unicorns India has produced so far, only 13 have turned profitable.
Singapore
EY has been appointed as the provisional liquidator, per a regulatory filing.
China minted 83 unicorns in 2022, down from a record 113 in the previous year.
The coffee chain has begun hiring in Singapore and reportedly eyeing an acquisition in Indonesia.
It won’t be easy for unicorns to become cash flow positive solely based on cost-cutting measures, noted S&P Global.
Talks with financiers are at an early stage, sources said.
