As well, Gojek received $50 million from Japan’s “national prefix” investment fund Cool Japan; Uber India layoffs, 10-15% of employees will be fired.
Southeast Asia
Indonesia e-commerce unicorn Tokopedia is negotiating with investors for dual pre-IPO financing. According to DealStreetAsia, the company’s CEO, William Tanuwijaya, said that Tokopedia is considering listing in the country and other locations that have not yet been determined. However, due to uncertainties in the market, the timetable for its initial public offering has not yet been announced. The failure of the WeWork IPO has also put pressure on start-ups to prove that their business model can lead to revenue and profit growth. According to a study by Google, Temasek Holdings Pte Ltd and Bain, Tokopedia has the advantage that its share of the Indonesian e-commerce market is expected to grow from $21 billion in 2019 to $82 billion in 2025. Dollar.
Gojek received a $50 million investment from Japan’s “national prefix” investment fund Cool Japan. According to DealStreetAsia, this investment for Gojek is the largest in Cool Asia in Southeast Asia. As a fund of the Ministry of Economy, Trade and Industry of Japan, Cool Japan’s investment aims to promote the demand for Japanese products and services in overseas markets. It is reported that Cool Japan’s investment for Gojek is also to add Japanese content to Gojek’s new video streaming products to promote the development of Japanese anime and horror movies in the Indonesian market.
Southeast Asia’s budget hotel booking platform RedDoorz announced plans to make an initial public offering between 2022 and 2023. According to DealStreetAsia, Amit Saberwal, founder and CEO of the company, said on Tuesday that the startup has been exposed to investors who can help it achieve its IPO goals. In addition, RedDoorz plans to enter the Thai market in the next 2 months, which is following its entry into Indonesia, Singapore, Vietnam and the Philippines, the fifth Southeast Asian market.
India
Uber India layoffs, 10-15% of employees will be fired. Uber has 350-400 employees in India, according to ET Tech