Indonesia sustainable construction start-up raises $10m
Stilt Studios, a sustainable construction start-up founded by the former co-CEO of Lazada Indonesia, has secured USD 10m in Series A funding – comprising debt and equity tranches – which will be used to support expansion into Australia, Europe, and the US.
The full investor line-up was not disclosed, but Stilt noted that its biggest backer to date is the family office of Christian Hymer, who previously owned Germany’s leading supplier of motor homes. Hymer...
More on Southeast Asia
Latest News
Asian GPs slow implementation of ESG policies - survey
Asia-based private equity firms are assigning more dedicated resources to environment, social, and governance (ESG) programmes, but policy changes have slowed in the past 12 months, in part due to concerns raised internally and by LPs, according to a...
Singapore fintech start-up LXA gets $10m seed round
New Enterprise Associates (NEA) has led a USD 10m seed round for Singapore’s LXA, a financial technology start-up launched by a former Asia senior executive at The Blackstone Group.
India's InCred announces $60m round, claims unicorn status
Indian non-bank lender InCred Financial Services said it has received INR 5bn (USD 60m) at a valuation of at least USD 1bn from unnamed investors including “a global private equity fund.”
Insight leads $50m round for Australia's Roller
Insight Partners has led a USD 50m round for Australia’s Roller, a venue management software provider specializing in family fun parks.