Singapore
Net loss narrowed 21.7% YoY to S$22.9m, while revenue grew 14.9% to S$1.2b.
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Ali sees stablecoins as one of the shifts that could redefine SE Asia’s payment ecosystem.
India
With six unicorns minted so far in 2025, India has already matched last year’s total count.
The round was led by Hornbill Capital.
The company attained unicorn status when it initiated the round in May.
Thailand
Net losses widened to $22.1m in FY2024 from $18.7m a year earlier.
The group had raised $80m in 2023, two years after amassing $400m at unicorn valuation.
GIC had invested $140m during LINE MAN’s $265m unicorn round in 2022.
World
Shares were sold to a consortium including Thrive Capital, Dragoneer, MGX and T. Rowe Price.
The company raised $82.42m this month from Tiger Global, Accel and others.
