Daily Markup #235: This week’s top stories on Grab’s SPAC deal and GrabForGood fund, Fave’s acquisition, Bukalapak’s fundraising & more

This week, we have record-breaking news and big numbers. Grab announced its plans to go public in what is expected to be the largest-ever U.S. equity offering by a Southeast Asian company. Fintech startup Fave has been acquired by Pine Labs in India. It has immediate plans of expanding in India — a move said to be uncommon. Read on for more.

Missed last week’s top stories? Check it out here.

Credit: InvestorPlace

Grabbing headlines

  • Super app Grab revealed its plans for the GrabForGood fund, which has an initial value of US$275 million. Details here.
  • The startup also announced its plans to go public in the United States, facilitated by a partnership with Altimeter Growth, a Special Purpose Acquisition Company (SPAC). Read more here.

Big deals

Making the list

Words to the wise

  • Last week, Managing Partner at 500 Startups Khailee Ng shared his opinion on Special Purpose Acquisition Companies (SPACs) and Environmental, Social, and Governance (ESGs). See what he had to say here.
  • Third-party cookies are being phased out with a 2022 deadline. Xin-Ci Chin, head of marketing for StoreHub, weighs in here.

Other stories you may have missed:

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500 Startups is a venture capital firm on a mission to discover and back the world’s most talented entrepreneurs, help them create successful companies at scale, and build thriving global ecosystems. In Southeast Asia, 500 Startups invests through the pioneering 500 Southeast Asia family of funds. The 500 Southeast Asia funds have backed over 240 companies across multiple sectors from internet to consumer to deep technology. It continues to connect founders with capital, expertise and powerful regional and global networks to help them succeed.

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