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.
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