Unicorns

Xpeng powers up with new focus on IoT

Despite pressure on the EV industry, the electric car unicorn hopes that Series C funding and a new strategic investor will help it weather the storm.
November 13, 2019

Why investors are hunting insurtech unicorns

Asian insurers lag their global peers when it comes to investing in insurance technology start-ups, but are trying to catch up. It's seen as a potentially risky but worthwhile strategic play.
October 30, 2019

Gojek CEO’s departure may disrupt fundraising plans

The jump by the Indonesian ride-hailing unicorn’s co-founder and CEO into politics may upset investors. Nadiem Makarim's timing is inopportune given that Gojek is mid-fundraise for its domestic and international operations.
October 21, 2019

Indonesian fintech startup Ovo expects to breakeven in 2-3 yrs

The Lippo and Grab-backed startup, last valued at about $2.9 billion, is riding Indonesia’s cashless payments wave to bring merchants and financial institutions timely consumer insights. Ovo’s CEO Jason Thompson sees a fresh fundraising drive next year to support growth.
September 09, 2019