Grab, a Southeast Asia-focused ride-hailing app operator backed by a number of PE and VC firms, has committed to investing $100 million into a Myanmar expansion strategy across the next three years.
SparkLabs Global Ventures has launched a $50 million venture capital fund that will make Series A and B investments in Korean and Southeast Asian start-ups.
Taiger, a Singaporean artificial intelligence start-up focused on business efficiency products, has closed an S$8 million ($5.9 million) Series A funding round led by domestic private equity firm Tembusu Partners.
Tokopedia, a venture capital-backed online marketplace in Indonesia, has received a $1.1 billion funding round led by Alibaba Group that will see the Chinese e-commerce giant become a minority stakeholder.
Gobi Partners, a Shanghai-based venture capital investor focused on China and Southeast Asia, has reached a first close of $50 million on its latest Southeast Asia fund.
A number of Asian venture capital firms have contributed to an extended $27 million Series B funding round for Indonesian e-commerce player Sale Stock.
The International Finance Corporation (IFC), the investment arm of the World Bank, is considering a commitment of up to $5 million to Wavemaker Partners’ Southeast Asia-focused venture capital fund.
Obike, a Singapore-based bike-sharing start-up, has secured a $45 million Series B round of funding.
The sale of digitized contracts known as tokens has become a dominating force in early-stage start-up funding. Venture capitalists are beginning to cautiously participate as the phenomenon matures
Mekong Capital has invested $4.9 million for a minority stake in Yola, a Vietnam-based education services provider specializing in overseas test preparation and English language training.
Hony Capital, Foxconn Ventures and Temasek Holdings have agreed to acquire a combined 18% stake in PCCW International OTT, a video-streaming subsidiary of Hong Kong telecom giant PCCW, for $110 million.
Bitsmedia Holdings' Muslim Pro app is highlighting new marketing potential in growing Muslim populations. CMIA Capital Partners and Malaysia's Affin Hwang Asset Management have taken a controlling stake in the company
General Atlantic has named its second Asia-based special advisor in a month with the appointment of John A. Prasetio (pictured) to help develop business opportunities in Southeast Asia, with a particular focus on Indonesia.
Indonesian consumer lending start-up UangTeman has raised a $12 million Series A round comprising equity and debt.
Singapore’s EDBI has joined a $133 million funding round led by US conglomerate Hearst Media for Iflix, a Malaysia-based video streaming service with a similar business model to Netflix.
US-based co-working space operator WeWork plans to acquire Singapore-based counterpart Spacemob for an undisclosed sum. The capital will come from a $500 million investment pool established to fuel WeWork's expansion in Southeast Asia and South Korea.
M17 Entertainment, a Taiwan and Singapore-based media streaming company, has raised a $40 million Series A funding round led by Japan’s Infinity Venture Partners.
Goldman Sachs Asset Management and Tennenbaum Capital Partners have acquired Conergy Asia & ME, the Singapore-based Asia Pacific branch of global solar power developer Conergy.
Creador has invested MYR57 million ($13.3 million) in Bake With Yen (BWY), a Malaysian baking and confectionery ingredients supplier.
CMIA Capital Partners and Malaysia-based Affin Hwang Asset Management have acquired Bitsmedia Holdings, best known for operating an app that provides Muslims with accurate prayer times.
Expedia has paid $350 million for an unspecified minority stake in Traveloka, an Indonesian online travel services company backed by a number of venture capital firms.
US private equity firm Platinum Equity has agreed to acquire Fischer Tech, a Singapore-based components manufacturer for the electronics industry.
Korean conglomerate SK Group has agreed to invest KRW372 billion ($334 million) in pan-Asian logistics player e-Shang Redwood (ESR), valuing the private equity-backed business at approximately $2.8 billion.
Mekong Capital has made a partial exit from Loc Troi Group – formerly known as An Giang Plant Protection – as the Vietnamese agribusiness player went public. The company is also backed by Standard Chartered Private Equity (SCPE) and PENM Partners.