Singapore-based taxi-hailing app provider Grab has raised a $750 million round of funding led by Japanese technology giant and long-term strategic partner SoftBank.
ViSenze, an e-commerce-focused artificial intelligence (AI) company based in Singapore, India and the US, has completed a $10.5 million Series B funding round led by Rakuten Ventures, WI Harper and Enspire Capital.
Singapore-based Joyful Frog Digital Incubator (JFDI) has closed its pioneering accelerator program as part of a corporate restructuring.
Hera Capital and DSG Consumer Partners have committed S$5 million ($3.7 million) for a minority stake in Singapore-based restaurant chain SaladStop.
Singapore-headquartered mobile internet and gaming platform Garena has raised a fresh round of funding from a unit of Temasek Holdings, Indonesia's Global Digital Prima (GDP) Venture, and Japanese impact investor Mistletoe.
Venturecraft, a Singapore-based VC investor and accelerator, has launched a new S$50 million ($37 million) investment fund aimed at early and growth stage medical technology (medtech) and internet start-ups in Asia.
Unigestion has appointed Edouard Merette, formerly a managing director at Caisse de dépôt et placement du Québec (CDPQ), as non-executive chairman of its Asia board.
Singapore’s UOB Venture Management (UOBVM) and Japanese financial group Orix Corp. plan to invest $50 million in Bitexco Power Corporation, the largest privately-owned hydropower company in Vietnam.
David Liu, co-head of Asia private equity and head of China at KKR, and Julian Wolhardt, the regional leader of China, will leave the firm at the end of this year to raise a China-focused fund.
Singapore private equity firm ESW Manage has led a S$6 million ($4.4 million) Series B round of funding for domestic financial technology company MC Payment.
The investment arm of Singapore's Economic Development Board (EDBI) has made an undisclosed commitment to an Asia Pacific expansion drive by US-based analytics company RetailNext.
Singapore-based digital payments services company Coda Payments has closed a $2 million round of funding with participation from Japan’s IMJ Investment Partners.
US-based Platinum Private Equity has agreed to acquire two Chinese manufacturing units from Singapore’s Broadway Industrial Group for S$150 million ($111 million).
Singapore's Temasek Holdings has exited its stakes in Bharti Airtel and Intouch, telecommunications service providers based in India and Thailand respectively, to Singapore Telecommunications (SingTel) for a total of S$2.5 billion ($1.8 billion).
Metra Digital Innovation Ventures (MDI), the corporate venture arm of state-controlled telecommunications firm Telkom Indonesia, has led a funding round for Singapore-based online payment solutions provider Red Dot Payment.
US private equity firm SCF Partners and Australia's Viburnum Funds have agreed to acquire the Asia Pacific subsea services business of Netherlands-based Fugro.
Sequoia Capital India has led a $7.5 million Series A round for Singapore-based crowdfunding platform Funding Societies.
The Singapore Exchange has found limited success in attracting regional tech IPOs. Investors say it needs greater flexibility and understanding to grab a piece of the market
Rakuten Ventures, a corporate VC arm of Japanese e-commerce giant Rakuten, has led a $35 million Series B round of funding for Singaporean online flea market shopping app operator Carousell.
Singapore sovereign wealth fund GIC Private saw its returns slow over the past year and warned the combination of high asset valuations, low interest rates and uncertain growth is likely to weigh on performance over at least the next decade.
Rocket Internet has played a major role in developing Southeast Asia’s e-commerce sector, but industry players say the firm’s most lasting effect will likely be the large talent pool that it is creating in the region
Singapore’s Temasek Holdings has led a $105 million Series F round of funding in Sprinklr, a US-based social media company targeting growth in Asia Pacific.
EQT Partners has agreed to sell its 49% stake in Singapore’s Econ Healthcare to the company’s founder Chu-Poh Ong ahead of a regional expansion initiative.