Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- Grab Turns Profitable: Grab, a Nasdaq-listed tech company, reported a $20 million profit in Q2 2025, a significant improvement from a $68 million loss the previous year. Revenue surged by 23%, driven by growth in its mobility segment.
- Bukalapak’s Transformation: Indonesia’s e-commerce giant Bukalapak has undergone an operational turnaround in the first half of
- The company achieved cost reductions and shifted towards scalable digital products, leading to improved financial performance.
- Asia PE-VC Summit: The upcoming Asia PE-VC Summit 2025 on Sept 10-11 in Singapore will feature top speakers across four summit tracks. Register now to join the event.
- Startup Concerns in Indonesia: Recent scandals and regulatory actions have created turmoil in Indonesia’s startup scene. Issues such as corruption and money laundering are impacting the industry’s reputation.
- KKR’s Exit: US private equity firm KKR & Co. finalized plans to exit its investment in an Indonesia-listed bread maker, valuing its stake at $140-150 million.
- Ula’s Investor Exits: The remaining investors of Indonesian startup Ula have exited the company, leaving only the founders and a new entity as shareholders.
- McEasy’s Funding: McEasy, an Indonesian IoT and SaaS enterprise, secured fresh funding from an existing investor to support its transportation and supply chain solutions.
- AND Global’s Series B: Singapore-based digital lending platform AND Global raised capital in a Series B round anchored by the IFC.
- Higood’s Expansion: Consumer brand Higood, known for leveraging TikTok Shop for sales, is in talks to raise funds from an investor to support its growth in Indonesia and the region.
- FMO’s Investment Proposal: FMO has proposed a $20 million investment in Indian NBFC Namdev Finvest, reflecting ongoing financial activities in the region.
Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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