Indonesia Digest: Grab announces new feature; Dana Cita to expand to PH

Southeast Asian unicorn Grab announced its plan to launch a new feature ‘Venues’ in a bid to help its passengers navigate their way in reaching out to their pick-up points. Meanwhile, Jakarta-based student loan startup Dana Cita is set to expand its business to the Philippines.

Grab to launch new feature ‘Venues’

Grab will introduce a new feature called ‘Venues’ in Indonesia by the end of April to help its passengers navigate their way in reaching out to their pick-up points, especially in a large-scale indoor and outdoor building, the Jakarta Post reported.

The feature, which is specifically targeted at tourists and foreigners, is created to help passengers find their pickup points at shopping malls, airports, and bus terminals.

The feature is available at 600 locations in Southeast Asia. The company plans to make the feature available at 10,000 locations by the end of the year.

Dana Cita to make inroads into the Philippines market

Student loan platform Dana Cita is set to foray into the Philippines market. The company will use the brand name Bukas (meaning tomorrow in Tagalog) for its Philippines foray, the Daily Social reported quoting Dana Cita co-founder Susan Lie.

However, Dana Cita did not disclose its plan in detail or share a timeline for its expansion.

The company obtained a permit licence from the Financial Services Authority (OJK) last year. As of March last year, it had disbursed about Rp 2 billion worth of funds to individuals seeking to pursue higher education.

Dana Cita raised an undisclosed sum of funding from San Francisco-based Patamar Capital in January this year. The company has previously raised seed funding from Y Combinator.

Also Read:

Indonesian student loan platform Dana Cita snags funding from Patamar Capital

Indonesia Digest: Grab launches incubator; Tokopedia opens AI centre

SG Digest: Grab in talks to spin off financial services unit; Alliance Healthcare eyes Catalist listing

 

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.