COVID-19 crisis set to spur M&A in SE Asia, says Golden Gate's Lauria

A new coronavirus visual model. Photo: Unsplash

The COVID-19 crisis is set to spur a round of mergers and acquisitions as startups begin to see the impact of the global pandemic on their cashflows, Vinnie Lauria, a managing partner at venture capital firm Golden Gate Ventures, said Tuesday.

“There’s going to be a few entities with a lot of cash, like the Gojeks of the world, Tokopedia, Traveloka,” Lauria said during a webinar hosted by the Southeast Asia-focused venture capital firm.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter