Advantage Partners has made its first acquisition in Vietnam, buying women’s fashion brand Elise Fashion for an undisclosed amount.
Beacon Venture Capital, the VC unit of Thailand’s Kasikornbank, has led a $6.5 million investment in Jitta, a local financial technology provider and stock analysis platform operator.
Intudo Ventures has closed its second fund focused exclusively on Indonesian early-stage companies at $50 million. The firm raised $20 million for its debut vehicle last year.
The rapid growth of venture capital in Southeast Asia has fostered the emergence of varied working practices. Singapore’s model investment agreements are intended to help bring order to chaos
Indonesia’s BeliMobilGue, a used car trading platform backed by a number of VCs, has raised $10 million in a Series A round led by parent company Frontier Car Group with participation from Toyota Tunas Indonesia.
Warburg Pincus has backed a $200 million funding round for Indonesian shopping mall developer NWP Retail.
Sequoia Capital India has led a $226 million Series D round for Singapore-based Zilingo, a fashion e-commerce platform and provider of ancillary services.
General Atlantic has opened an office in Indonesia, citing a need for an intensified local presence to leverage strong domestic growth trends in the firm’s core domains of technology, financial services, healthcare, and consumer.
Google, JD.com and Tencent Holdings are among the returning investors in the first phase of the Series F round for Indonesia-based ride-hailing and delivery platform Go-Jek, which amounts to around $1 billion.
Thai retail conglomerate Central Group has agreed to invest $200 million in ride-hailing and online-to-offline (O2O) services platform Grab, adding to the list of strategic players that have backed the Southeast Asia company in the past year.
The expansion of private equity activity in developing markets is translating into greater due diligence pressure on LPs seeking reliable fund managers. Solutions are intuitive but difficult
Sequoia Capital has launched Surge, an accelerator program aimed at start-ups that are either based in or targeting India and Southeast Asia.
Singapore Life has accelerated plans to digitize the insurance and wealth management industry following a $33 million Series B from Aberdeen Standard Investments and Aflac
Värde Partners has promoted Haseeb Malik, a senior managing director based in its Singapore office and head of Asia corporate and traded credit, to partner. It is one of three senior promotions announced by the firm worldwide.
Malaysian private equity firm OSK Ventures International has made an investment of undisclosed size in Singapore waste management company Blue Planet Environmental Solutions.
Tokyo Electric Power (TEPCO), Singapore’s WEnergy Global, and ICMG Partners, a start-up accelerator with bases across Asia and the US, have launched a $100 million fund focused on clean energy innovation in Southeast Asia.
China’s Gobi Partners has made its first investments in the Philippines with early-stage commitments of undisclosed size for online healthcare services provider Maria Health and student portal operator Edukasyon.
Warung Pintar, an Indonesia-based smart kiosk start-up, has raised IDR390 billion ($27.5 million) in Series B funding from a group of investors including East Ventures.
Ascent Capital, a Singapore-based private equity firm set up last year with a focus on Myanmar, has formally launched its debut fund with about $50 million in confirmed commitments.
Aberdeen Standard Investments has committed $13 million to financial technology start-up Singapore Life, taking the company’s total capital raised to date to $97 million.
The Monetary Authority of Singapore (MAS) has created a program that will encourage technology start-ups to list in the territory.
Belt Road Capital Management, a Cambodia-based private equity firm focused on Southeast Asia, has led a $7 million investment in Vietnamese e-commerce player LeFlair.
Platinum Equity plans to use Singapore-based PCI as a platform for more bolt-on acquisitions in Southeast Asia's printed circuit board assembly services market
GIC Private has invested in Vietcombank through a joint deal with Mizuho Bank worth VND6.2 trillion ($265 million), underlining the strong interest among private and strategic investors in Vietnam’s financial sector.