Kickstart Ventures and BPI Capital have joined their parent Ayala Group to buy a 49% stake in the Philippines business of online fashion retailer Zalora.
K2 Global has raised $183 million for its debut venture fund, which aims to promote cross-border development in Asian and US technology start-ups.
The Hong Kong and Southeast Asia business of Fitness First, which is controlled by Oaktree Capital Management, has agreed to merge with Celebrity Fitness, a Southeast Asia gym operator owned by Navis Capital Partners.
Indonesian hotel reservation services provider Nida Rooms has raised a $5.6 million Series A round of funding led by China’s Shanda Group.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of $60 million to IDS Medical Systems, a Hong Kong-based healthcare industry supplier for Southeast Asia.
Singapore’s Temasek Holdings has opened an office in San Francisco, expanding its US presence following the establishment of a New York office in 2014.
Insurance Australia Group (IAG) has agreed to establish a financial technology incubator in Singapore to focus on promoting start-ups targeting innovation in the insurance industry.
Singapore-based investor CapBridge Investment Trust (CIT) is targeting $100 million for a growth-stage VC fund that aims to improve access to established start-ups for institutional investors.
Singapore's CXA raises $25 million in Series B funding to build out its benefits model that helps both companies and employees fight their healthcare battles more efficiently
Several Asian VC investors have joined a $60 million Series D round for US-based virtual reality (VR) and digital cinematography technology developer Lytro to support its expansion into Asia.
US-based venture capital firm Unitus Impact has led a $6.5 million Series A funding round for Singaporean healthcare technology start-up mClinica.
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Goldman Sachs and TPG Capital have led a A$400 million ($306 million) round of funding for AirTrunk, a Singapore-based data center provider that is currently developing facilities in Australia and has plans to expand region-wide.
Singapore should make it easier for venture capital firms to establish themselves locally and take steps to attract more private equity investors to the country as part of efforts to fill the funding gap, a government-appointed panel has recommended.
Serba Dinamik Holdings, a Malaysian oil and gas services provider backed by CMS Opus Private Equity (COPE), posted a marginal gain on its first day of trading on the Bursa Malaysia after raising MYR600 million ($135 million) in its IPO.
Grab will invest $700 million in Indonesia over four years with a view to developing more localized solutions that support the development of its core ride-hailing business as well as promote financial inclusion
Bert Kwan, who served as head of ASEAN private equity at Standard Chartered Private Equity (SCPE) until November of last year, has joined Northstar Group as a managing director.
The International Finance Corporation (IFC), the investment arm of the World Bank, has proposed a commitment of up to $57 million in Vietnam Prosperity Commercial Joint Stock Bank (VPBank).
The investment arm of Singapore's Economic Development Board (EDBI) and B Capital Group have led a $25 million Series B funding round for Singaporean health technology start-up CXA Group.
Investec Bank has led a $19.5 million funding round for Trax Image Recognition, a Singapore-based company that uses visual technology to support manufacturers and retailers.
Global Logistic Properties (GLP), a Singapore-listed warehouse operator with a $40 billion portfolio – over half of which is based in China – has confirmed the receipt of multiple buyout offers.
Southeast Asian ride-hailing app operator Grab has created a $100 million fund to invest in Indonesian start-ups as part of its expansion plan in the country.