Malaysian startup Fave purchased by Indian company for US$45 million
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On April 13, 2021, it was announced that Malaysian startup Fave was acquired by Indian firm Pine Labs in a deal valued at US$45 million.
A merchant commerce platform specializing in loyalty programs and payment services, Fave has been operating in Malaysia, Indonesia, and Singapore since 2016 after it acquired Groupon Inc’s businesses in said markets.
Since then, it…
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