unicorn

Are you being forced to list in 2020? Blame Alibaba.

Alibaba’s successful HK listing, combined with mounting pressure from PE investors, is forcing Chinese companies to consider listing in 2020 despite the woeful stock market performance of many who floated in 2019.
January 06, 2020

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