Southeast Asia-focused media company Catcha Group has launched a venture capital unit that will invest in new media, technology and mobile businesses throughout the region.
Technology | 30 Oct 2014 |
Guangdong Highsun Group, Chinese property developer and chemicals producer, is launching a RMB1.5 billion ($245 million) PE fund that will invest in entertainment and internet-related assets.
Fundraising | 30 Oct 2014 |
India taxi-booking app Ola has raised $210 million in a Series D round of funding led by SoftBank. Existing investors Tiger Global, Matrix Partners India and Steadview Capital also participated.
Venture | 29 Oct 2014 |
Japanese tech giant SoftBank Group has agreed to invest $627 million in Indian e-commerce site Snapdeal, bringing the start-up's total funding to more than $1 billion.
Technology | 29 Oct 2014 |
Driven by strong demand from consumers underserved by traditional payment channels, VC and strategic investors are increasingly active in Southeast Asia mobile payment. It is too early to identify winners.
Financials | 29 Oct 2014 |
Indian theme park operator Adlabs Entertainment has raised INR500 million ($8.18 million) in a pre-IPO round of investment from NYLIM Jacob Ballas India, a vehicle co-owned by New York Life Insurance Company and Jacob Ballas Capital.
South Asia | 28 Oct 2014 |
Orchid Asia has taken a minority stake in Shanghai La Chapelle, a PE-backed ladies apparel manufacturer that listed in Hong Kong last month, for HK$122 million ($16 million).
Greater China | 27 Oct 2014 |
Vertex Venture, an investment unit of Temasek Holdings, has led a Series B round for Ayibang, a Chinese housekeeping service booking app, with participation from Shunwei Capital Partners and Ceyuan Ventures.
Greater China | 27 Oct 2014 |
Koudai Gouwu, a Chinese mobile shopping portal, has raised a $350 million Series C round of funding led by Tencent Holdings and Tiger Global. H Capital, VY Capital and DST Advisors also participated.
Greater China | 24 Oct 2014 |
SoftBank will lead a $100 million round of funding for Tokopedia, an Indonesian online marketplace. Sequoia Capital will also participate alongside existing investor SB Pan Asia Fund.
Technology | 23 Oct 2014 |
The Philippines has emerged from relative obscurity to become private equity’s latest nascent consumer play in Southeast Asia. Deal flow is slow and uncertain as investors get to grips with the opportunity.
Southeast Asia | 22 Oct 2014 |
Southeast Asia-focused GP Tremendous Asia Partners (TAP) has teamed up with pension fund KWAP to buy a 30% stake in Munchy Group, a Malaysia-based snacks producer.
Consumer | 22 Oct 2014 |
Chinese car rental firm eHi Car Services, which has several VC backers and is targeting a US IPO, has invested $25 million in Kuaidi Dache, one of the country’s two dominant taxi-booking apps.
Venture | 22 Oct 2014 |
CIMB Private Equity has paid approximately $25 million for a 10% stake in the owner and operator of the 7-Eleven convenience store franchise in Indonesia.
PIPEs | 21 Oct 2014 |
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The outlook for the Australasian market is positive as a record number of IPO exits have provided strong returns for investors and has proven that PE can outperform listed equities and compete with global divestment figures. Fundraising in terms of dollar value has been high but the number of PE funds successfully raising new commitments has declined as investors flock to the best in class.
This is an intriguing time for Australasian PE as the industry continues to mature. GPs must evolve, diversify and display skills to drive value in a low-growth environment and justify future commitments when competing on a global state by achieving world-class results from current deals and exits.
4-6 March 2015, The Westin, Sydney
The AVCJ Indonesia Forum is back for a fourth year! Mark your calendars now and join us on March 24th, 2015 in Jakarta at Indonesia's longest running, largest and most prestigious industry gathering.
The market is relatively optimistic as a new government that is viewed favourable to a balanced investment arena is introduced and we see an increase in deal activity. The hopes for a flourishing PE market amid the euphoria of 2012 has not yet been realised but the potential is still present and now may well be the time for the country to take off in its own right and increase its reputation as THE hot market in Southeast Asia.
24 March 2015, Grand Hyatt, Jakarta