Tag Archives: Temasek

Over the first two weeks of November, crypto exchange FTX went from leading crypto exchange to a $16 billion bankruptcy – this year’s largest so far. Insiders, customers, the press, and regulators are still piecing together what caused the largest corporate failure in crypto’s 14-year history and what such a fallout means as it ripples across the digital assets market. So far the fallout has meant the loss, freeze, or write down of at least $1.8 billion in funds comprising mostly equity… Source link

Google-backed DotPe, which helps businesses in India go online and sell digitally, is in advanced stages of talks to raise about $50 million in a new financing round, a source familiar with the matter told TechCrunch. Temasek, the Singapore state-owned investment firm, is finalizing deliberations to lead the investment in the Gurgaon-headquartered startup, the source said, requesting anonymity as the details are private. Terms of the investment could change and the… Source link

Gojek drivers waiting for passengers in Indonesia. afif c. kusuma | iStock Editorial | Getty Images SINGAPORE – More than 75% of the population in six major Southeast Asian countries have access to the internet and a majority of them have shopped online at least once, according to a new report from Google, Temasek Holdings and Bain & Company. As many as 40 million people across Singapore, Malaysia, Indonesia, the Philippines, Vietnam and Thailand came online for the first time this year,… Source link

Google has invested in Bangalore-based Open, becoming the latest high-profile investor to back a neobanking platform. Open said on Tuesday it has raised $100 million in a Series C financing round. Singapore’s sovereign wealth fund Temasek led the round, and Google and Japan’s SBI Investment (not to be confused with SoftBank or India’s SBI bank) as well as existing investors Tiger Global and 3one4 Capital participated in it. The new round, which brings the four-year-old startup’s… Source link