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Elang Mahkota Teknologi (Emtek Group), an Indonesian media conglomerate, is investing US$375 million in Grab — one of the largest unicorn startups in Southeast Asia. Emtek holds a stake in several media companies, OMNI hospitals, e-wallet DANA, one of the largest e-commerce platform in Indonesia, Bukalapak and more. Grab is a regional superapp, providing ride-hailing, food delivery, e-wallet and more. ...

SouthEast Asia’s ride-hailing giant, Grab, is laying off about 360 people, approximately 5% of their total employees as the effects of the pandemic continue to ripple across the economy. The announcement was made by Grab CEO, Anthony Tan, in a letter to employees earlier today. Related: This app lets people get paid for chatting with professionals. “Since February, we have ...