Indonesian venture capital firm Kejora Ventures is seeking $100 million for a growth fund that will participate in Series B and C rounds for local start-ups. Initial commitments have come from several Korean investors, reflecting the country’s strong strategic interest in Southeast Asia.
Kejora closed its second early-stage vehicle on $80 million a couple of months ago. The firm opted to raise a growth fund next to address the funding gap that sees start-ups secure seed and Series A funding...
The Carlyle Group has applied for regulatory approval to acquire a 26% stake in Taiwan-based sushi chain Zhengxian, also known as Sushi Express.
Hong Kong-based insurer FWD Group and Malaysia’s Artem Ventures have set up a MYR 45m (USD 10.2m) VC fund focused on insurance technology and Islamic financial technology in Malaysia.
DeHaat, which claims to be India’s largest full-stack agricultural technology platform, has closed its Series E round on USD 60m. Sofina and Temasek Holdings were the lead investors.
Temasek Holdings has launched an internal review into the circumstances that led to its investment in collapsed cryptocurrency exchange FTX, but Singapore’s deputy prime minister refused to criticise the organisation’s governance structures.