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Here are the latest updates on the portfolio companies across the Vertex network.
SINGAPORE - Singapore-headquartered super app Grab's plans to go public in the United States, in what is the largest blank cheque company deal ever, is testament to the growth prospects of South-east Asia and Singapore's start-up ecosystem, analysts and industry players said.
Grab, which started out as MyTeksi to address the safety concerns of taxi commuters in Kuala Lumpur, announced on Tuesday (April 13) its agreement with Altimeter Growth, a special purpose acquisition company (Spac) backed by Altimeter Capital, which will see the combined entity valued at around US$39.6 billion (S$53.2 billion).
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Six year old Licious has in many ways led the transformation of buying fresh meat and fish online in a sector that is fragmented, with over 90% of the market unorganised and unbranded.
The Bengaluru-based online meat startup has added five new cities (Coimbatore, Cochin, Vijaywada, Vizag, Jaipur) in the last three months and operates in 12 cities now. It plans to reach 20 cities over the next 18 months.
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Innovation intelligence company PatSnap has raised USD 300M in their latest Series E funding round.
The round was led by SoftBank Vision Fund 2 and Tencent Investment. Other existing investors who participated in this round were CPE Industrial Fund, Sequoia China, Vertex Growth (VGF), Vertex Ventures Southeast Asia & India (VVSEAI) and Shu Wei Capital.