Korea’s Hanwha Asset Management has led a $300 million Series A round for the financial services unit of Singapore-based ride-hailing and services platform Grab.
GGV Capital, Arbor Ventures, and K3 Ventures also participated, as did Flourish Ventures, an investor affiliated with eBay founder Pierre Omidyar. The spin-off has reportedly been in process since early...
AVCJ’s daily bulletin will not be published on May 19 due to a public holiday in Hong Kong.
Gojek and Tokopedia, two of Indonesia’s best-funded technology start-ups, have completed a merger, forming what they claim is the largest mobile on-demand services and payments platform in Southeast Asia.
DCL Investments, one of China’s first private equity firms to focus on distressed assets, is looking to raise RMB3 billion ($466 million) for its latest renminbi-denominated fund.
Japanese microsatellite developer Axelspace has raised JPY2.6 billion ($24 million) in Series C funding from a group of domestic VCs, including Sparx Group.