Implementing institutional-class governance practices at portfolio companies remains a significant hurdle for Southeast Asia-focused buyout firms, industry participants told the AVCJ Singapore Forum.
“We face it every time we invest in a family-owned company that thinks that because they are the first generation of the business they can manage it better than anyone else,” said Mohit Ralhan, a managing...
Pine Labs, an India payments start-up backed by MasterCard, PayPal, and Sequoia Capital India, has acquired Fave, a Malaysian counterpart also backed by Sequoia India, for $45 million.
Southeast Asia-focused ride hailing and local services platform Grab has agreed to go public in the US through a merger with a special purpose acquisition vehicle (SPAC) at an enterprise valuation of $30.4 billion.
Lever VC, a Hong Kong-based food tech investor, has achieved a fourth close of $46 million on its debut fund, claiming 2.3x growth in the value of the portfolio since 2019.