Ecosystem Roundup: Grab misses Q3 revenue estimates | Syfe raises US$27M | Pintar acquires 3 startups

Quick Summary:

Dear reader, Grab’s second-quarter performance highlights the challenges of maintaining momentum post-pandemic.

The company’s revenue miss, particularly in its food delivery segment, underscores the slowing growth after the surge during COVID-19.

The group’s total revenue increased by 23% year on year to US$3.8B in Q2; Its total adjusted EBITDA fell to US$448.5M from US$510M a year ago; Its total net income was US$79.9M as compared to US$331M a year ago.

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Article Details

Author / Journalist: Sainul

Category: StartupsTechnology

Markets: Singapore

Topics: AC Ventures Sparkline Sea Group Kerja.io Qoala PasarPolis Grab E27 17LIVE Group GREDU Pintar E27 Pro News Antler Valar Ventures Syfe Niv Della Beauty Innovations Inc Komerce Hiringmaps Unbound Amilo

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-16 @ 06:00:28 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: e27.co

Language: English

Article Length: 1196 words

Reading Time: 7 minutes read

Sentences: 1 lines

Sentence Length: 1196 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © e27

News ID: 22096321

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About e27

Main Topics: StartupsTechnology

Official Website: e27.co

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