Allianz X announces investment in Go-Jek – Press Release

German-based insurance giant Allianz Group, through its digital business investment unit Allianz X, announced its participation in a US$35 million investment for Indonesian on-demand platform Go-Jek.

The company’s participation is part of a funding round that includes the participation of Blibli, Astra, Google, Tencent, JD, Meituan, and Temasek.

Allianz X CEO Nazim Cetim said that the investment is the first that the company did in Southeast Asia, and the fourth it has done this year.

Having secured partnership with Go-Jek that allows the insurance giant to provide health coverage for Go-Jek drivers and their family, Allianz Life Indonesia President Director Joos Louwerier said that the company will strengthen collaboration with Go-Jek. They are going to offer various financial services and products for Go-Jek community and customers.

WeWork confirms acquisition of naked Hub – TechCrunch

Following reports that have been circulating since yesterday, WeWork CEO Adam Neumann today confirmed the acquisition of its largest competitor in China, naked Hub, according to TechCrunch.

The company did not disclose the terms of the transactions though Bloomberg reported that it is worth around US$400 million.

WeWork also did not give any comment on how it plans to integrate the two brands.

Also Read: Today’s top tech news, March 28: Go-Jek set to expand into 3 markets in Southeast Asia

Warburg Pincus in talks to invest in Ant Financial – Reuters

US private equity firm Warburg Pincus is reportedly in talks to invest in a fundraising round for Ant Financial, Reuters reported.

Citing anonymous sources, Warburg Pincus is said to aim to become key investor in the funding round though Singapore’s Temasek Holdings is “likely” to be the lead investor.

Ant Financial expects to raise US$8 billion through the funding round, valuing the company at “as much as” US$150 billion.

Student-founded fund Protégé Ventures makes first investment – e27

Protégé Ventures, a fund created and run by university students in Singapore, today announced its first investment in artificial intelligence (AI) startup Nurture.AI.

The startup is set to receive a S$25,000 (US$19,000) convertible note sponsored by Wavemaker Partners, according to a press statement to e27.

Founded by students Jia Qing Yap and Kim Meng Tan, the Nurture.AI platform allows peer-to-peer criticism of AI papers to improve accountability of research. It has built a 5,000-person strong community in 107 cities across the world.

Image Credit: Go-Jek