Olivia Poh

Sea Ltd. raised the earnings forecast for its e-commerce business after quarterly sales topped estimates, a signal that robust demand from Southeast Asian consumers is helping it fend off rivals.

GoTo Group, the Indonesian ride-hailing and food delivery platform once valued at more than $32 billion, faces the prospect of being dropped from MSCI Inc.’s indexes on Wednesday after a plunge in its share price left the stock difficult to trade.

Morgan Stanley and Schroders Plc took part in a A$1.05 billion ($750 million) fundraising by Canva Inc. backer Blackbird Ventures, closing the largest financing for an Australian venture capital firm.

Ajaib, an Indonesian online stock trading platform, scored $270 million in the country’s largest tech fundraising round since 2022, a rare bright spot for the country’s struggling startup economy.

Singapore-based Circles Group is spinning off its business that provides digital software services to telecom operators.

Grab Holdings Ltd., the biggest ride-hailing and food-delivery firm in Southeast Asia, is in talks to buy a majority stake in Singapore-based buy-now-pay-later platform Atome Financial, according to people familiar with the matter.

Grab is acquiring 60% of Atome as part of a deal with its parent Advance Intelligence Group and certain other parties, according to a statement from Grab Tuesday.

Heidi, an artificial intelligence startup which helps doctors automate clinical notes and other administrative work, raised $340 million to tap growing demand for AI tools that can make healthcare workers more productive.

Used-car marketplace Carro is considering offering shares on Singapore Exchange Ltd.’s Global Listing Board, people familiar with the matter said, potentially positioning it to be the first company to use the new dual-listing mechanism with Nasdaq Inc.

GoTo Group shares tumbled after Indonesia’s stock exchange eliminated its 50-rupiah price floor, unleashing pent-up selling pressure from investors who had been unable to exit at the mandated minimum price.