Grab unveils major investment plans for Vietnam

Ride-hailing firm Grab plans on investing “several hundred million dollars” in Vietnam since it sees the country as its next growth market. Grab unveilled the plan just weeks after it disclosed a $2 billion investment plan for Indonesia. The proposed investment plan marks Vietnam as one of Asia’s fastest growing economy and underscores Grab’s eagerness…

Visa invests undisclosed amount in Indonesia’s ride hailing firm Go-Jek

Visa’s investment was during Go-Jek’s ongoing F Series funding round. On Wednesday, Visa Inc stated, it has invested an undisclosed amount in Indonesia’s Go-Jek in the ride-hailing company’s ongoing Series F fundraising round. In a statement the U.S. payment processor said, both companies will collaborate to provide more options for cashless payments for consumers across…

U.S. buyout firm KKR and China Tencent Music Entertainment Group eyeing to purchase 50% stake in UMG

Tech-savvy KKR has prior experience in the music industry given its earlier deal with Bertelsmann; however negotiations with Vincent Bollore are expected to be tough, especially if KKR and Tencent push for a controlling stake. According to sources familiar with the matter at hand, China’s Tencent Music Entertainment Group and U.S. buyout fund KKR are…

Cloud-security firm Netskope raises $169 million in latest funding round

The funding round saw Netskope’s valuation top more than $1 billion. The cloud-security firm will utilize the funds to expand its R&D, sales and data centers. Netskope, a cloud-security firm, said it has raised $169 million in its latest fundraiser which valued it at more than $1 billion. Netskope will channelize the funds to expand…