Shares of Indonesia tech giant GoTo Group closed 13.02% higher at IDR382 on Monday, its first trading day on the Indonesia Stock Exchange (IDX), bringing its market capitalization to $31.5 billion. GoTo’s IPO is the third-largest in Asia and fifth-largest in the world this year. Around 300,000 investors have participated – the highest ever number to take part in an IPO on the IDX.
Voyager Innovations, the Philippines’s technology company behind end-to-end money platform PayMaya and neobank Maya Bank, has recently raised US$210 million in funding, bringing its total valuation to unicorn plus status, at nearly US$1.4 billion. Through the funding, the company will use the new funds to launch Maya Bank services, such as savings and credit, which will be offered seamlessly across PayMaya’s platforms for consumers and enterprises, including micro, small, and medium-sized enterprises or MSMEs.
Jüsto, the Mexico City-based online grocer, continues to run on all cylinders with a goal of saturating the Latin American market.The company claims to be the first supermarket in Mexico with no physical store that enables customers to buy groceries directly from its website, or an app, and Jüsto will deliver the order to the customer’s location of choice. As for its arrival in Colombia and Chile, Jüsto is analyzing its strategy to enter at the right time.
Treasure Data will provide its system to free for companies that are stuck in contracts with other CDPs. The trade-up program is available to companies with roughly firms with $1 billion or more revenue, that already have a competitive CDP in place. There will still be some costs for services to make the conversion but Treasure Data says these are fairly small since it has considerable experience with such projects.