Ride-hailing apps drove 2016 private equity value surge in Southeast Asia

SINGAPORE (June 15): The overall value of private equity (PE) deals in Southeast Asia rose by 42% to reach US$7.8 billion ($10.7 billion), driven largely by the technology sector where the region’s two ride-hailing apps, Go-Jek and GrabTaxi, raised a total of US$1.3 billion in 3Q16.

This is according to the EY Private equity briefing: Southeast Asia (April 2017) report, which offers a roundup of PE deals and capital activities over the quarter.

The two investments were primarily focused in Indonesia.

---

Related Stories

• UBS-Credit Suisse integration opens up new tech for bigger plans
• Spotify’s rebound is music to investors’ ears
• Embraer planes soar in Southeast Asia skies

---