Shopee Parent Valuation Drops, Grab Loses Decacorn Status
The market capitalization of Shopee, Sea Group and Grab continues to decline. Grab's valuation is even below US$ 10 billion.
About Grab：
Even so, Chairman of the Indonesian Venture Capital Association (Amvesindo) Eddi Danusaputro considered this the right time to invest in startups , including Grab. "If you have idle funds, it could be a good time to invest," he said, Monday (18/7).
Even so, Chairman of the Indonesian Venture Capital Association (Amvesindo) Eddi Danusaputro considered this the right time to invest in startups , including Grab. "If you have idle funds, it could be a good time to invest," he said, Monday (18/7).
The same thing was expressed by the stock research site. “The biggest attraction to investing in Grab is that this ride-hailing provider is important in Southeast Asia,” it quoted.![]()
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The stock research site also estimates that Grab's EV/EBITDA is much more reasonable going forward at 13 times. "Especially given that the company continues to increase revenue and transaction volume (GMV) at a decent pace," it was quoted as saying.
About Shopee：
Shopee's parent valuation has also fallen below US $40 billion in a row since July 13. Even so, investment institution sees Sea Limited continuing to record business growth and leadership in key markets in Southeast Asia.
The Singaporean company's revenue grew 64.4% year on year (yoy) in the first quarter. The increase in Sea's turnover was driven by the expansion of the e-commerce business market .
Sea Group also posted an 81.3% increase in gross profit yoy to US $ 1.2 billion. Meanwhile, the total net loss rose to US $ 580.1 million. Meanwhile, the adjusted EBITDA was US $ 509.9 million.![]()
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winner equities : to me, shopee is the best