AppWorks, the Taipei-based venture capital firm focused on Taiwan and Southeast Asia, announced today it has closed its oversubscribed third fund, raising $150 million. AppWorks Fund III’s limited partners include Taiwan Mobile, Axiom Asia Private Capital, Fubon Life, TransGlobe Life, Hongtai Group, Wistron, Cathay Life, Phison Electronics and Taiwan’s National Development Fund. Many of these […]
Indonesia digest: BRI Ventures backs Yummy Corp; TMI invests in Feedloop s pre-Series A dealstreetasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from dealstreetasia.com Daily Mail and Mail on Sunday newspapers.
Grab banks on financial services, deliveries to drive past the finish line in 2021
June 30, 2021
Southeast Asian superapp and ride-hailing unicorn Grab, which is eyeing a Nasdaq listing later this year, must navigate many speed bumps before it can finally list in the US.
Besides the audit issues, that forced the company to delay its merger with Altimeter SPAC to Q4 this year, there are other hurdles it must clear, as discussed in DealStreetAsia’s latest DATA
Mobility in slow lane
The Mobility vertical, which was Grab’s mainstay business until 2019, has been reeling from the COVID-19 pandemic and the subsequent movement control restrictions in core Southeast Asian markets.
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