Indonesia Digital Lending Startup Julo Working Toward IPO [BNN Bloomberg (Canada)]
Grab Holdings Limited (GRAB)
Company Research
Source: BNN Bloomberg
The company is speaking with investors for a pre-IPO financing round and has started exploring options for a public listing, it said in a statement on Monday, without disclosing details. The startup is seeking funds at a time when many peers are struggling for capital, as the venture industry globally grapples with elevated interest rates and inflation. Investors, once thrilled to write checks, are becoming more choosy and are doling out less favorable terms. Revenue rose 73% in 2023 and reached an annual run rate of $121 million at the end of the year, said Ankur Mehrotra, Julo's group president who previously headed Grab Holdings Ltd.'s lending business. Julo expects to reach profitability on a net income basis in 2024, after recording profit before tax for December. Read More: Former Grab Fintech Veteran Joins Digital Lending Startup Julo Startups like Julo now have to demonstrate to investors that they can grow and make money at the same time. Julo said it disbursed 7.3 m
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GRAB
News
- Grab Holdings Limited (NASDAQ: GRAB) had its "buy" rating re-affirmed by analysts at Benchmark Co.. They now have a $6.00 price target on the stock.MarketBeat
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- Investors Heavily Search Grab Holdings Limited (GRAB): Here is What You Need to Know [Yahoo! Finance]Yahoo! Finance
GRAB
Earnings
- 2/22/24 - Beat
GRAB
Sec Filings
- 4/8/24 - Form 144
- 4/1/24 - Form 6-K
- 4/1/24 - Form 6-K
- GRAB's page on the SEC website