MoMo bags $200 million in Series E fundraising round

MoMo bags $200 million in Series E fundraising round

MoMo raised about $200 million in equity financing from leading global investors including in its Series E fundraising round.
Hanoi temporarily bans shippers of super apps

Hanoi temporarily bans shippers of super apps

Super apps including Grab, GoJek, and Be have to suspend express delivery services in Hanoi to comply with social distancing regulations.
Grab bags $850 million from Japanese investors

Grab bags $850 million from Japanese investors

Grab will use the invesment to create accessible and affordable financial services for Southeast Asia in order to boost financial inclusion in the region.
Money burning race of super apps set to last

Money burning race of super apps set to last

Vietnam is an attractive market for super apps, however, acquiring market share remains difficult, despite burning through tremendous amounts of capital.
New app HeyU joins delivery market

New app HeyU joins delivery market

Newcomer HeyU is extending its reach to Ho Chi Minh City with a new super app to take a chunk out of the market share of Grab-Food, Go-Food, and Now.