Startups

Grab expects to break even in food delivery by end-2021

GRAB expects its food delivery business to break even by the end of 2021, following positive earnings before interest, taxes, depreciation and amortisation (Ebitda) recorded in several of its...

Grab's Ebitda unlikely to breakeven before 2023: Moody's

MOODY's Investors Service has assigned a first-time B3 corporate family rating (CFR) to Grab Holdings to reflect the firm's leading position in key regional markets as well as uncertainties around...

Gojek leverages Indonesia's Bank Jago in digital banking fight

GOJEK has spent 2.25 trillion rupiah (S$215 million) to up its stake in Indonesia's Bank Jago to 22.2 per cent, which observers say could give the former significant access in order to leverage...

Gojek buys 22% stake in Indonesia's S$4b Bank Jago

GOJEK has bought a 22 per cent stake in Indonesia's Bank Jago, a move which it says will allow some of its users access to digital banking services through the ride-hailing operator's platform....

SE-Asia still glimmers despite Covid-19, says panel of startup investors

STEADY fundamentals, rising Internet penetration and richer human capital are some factors that keep South-east Asia attractive for startup investors even amid Covid-19, said a panel of venture...

Grab-Singtel digital bank is not a licence to print money

THE buzz over Singtel's win of a digital banking licence - together with its partner Grab - is understandable.

Why tech unicorns should get smaller individual investors on board

FOOD Delivery platform DoorDash filed for its long-awaited initial public offering (IPO) in the United States in November. The tech unicorn is expected to be priced at US$28 billion or more,...

Antler, EF and 500 Startups join ESG's Startup SG Founder programme

STARTUP ecosystem players Antler, Entrepreneur First (EF) and 500 Startups have joined the Startup SG Founder programme as new partners, Minister of State for Trade and Industry Alvin Tan announced...

Some DBS users, GrabFood riders hit by glitches in their apps

SOME DBS customers who attempted to log into the bank's digibank app on Tuesday evening were met with an error message notifying them of technical difficulties.

Singapore startups still eye region for expansion possibilities

SOUTH-EAST Asia remains the top choice for Singapore startups and businesses as they continue to scale up their efforts despite, or perhaps because of Covid-19, given that this is an area with...