Southeast Asia
Denham, Nexif form SE Asia power investment platform
Denham Capital has partnered with Singapore-based power management company Nexif to form an investment platform that will commit more than $200 million to energy projects in Southeast Asia.
Asia e-commerce: The next generation
Most of emerging Asia’s e-commerce giants faced a binary choice between the asset-heavy online retail and asset-light marketplace models. Now, though, investors have a more nuanced opportunity set
Deal focus: RedMart channels the Amazon spirit
Amazon.com is the world’s largest online retailer, but it retains fleetness of foot that defies its size. This is based on the ability to embrace not only new technology but also innovative approaches to management. The “two-pizza rule” devised...
Philippines targets 500 domestic tech start-ups by 2020
The Philippines government has outlined plans to achieve 500 domestic technology start-ups with a combined valuation of $2 billion by 2020.
Ekuinas sells Burger King franchises in Malaysia, Singapore
Ekuinas, the Malaysian government-backed private equity investor, has sold the Burger King franchises in Malaysia and Singapore, generating proceeds of MYR74.6 million ($17.7 million).
NEA, Orios commit $4m to India's IntelligenceNODE
IntelligenceNODE, a retail-oriented big data analytics start-up based in India, has raised a $4 million Series A round led by New Enterprise Associates (NEA) and Orios Venture Partners.
IFC to back Jungle Venture's second fund
International Finance Corporation (IFC) will invest up to $10 million in Singapore-based Jungle Ventures' second venture capital fund.
Didi Kuaidi, CIC join $350m round for Southeast Asia’s GrabTaxi
Didi Kuaidi, China’s largest mobile ride-hailing app operator, and China Investment Corporation (CIC) have participated in a $350 million funding round for Southeast Asia-focused mobile taxi-booking app GrabTaxi.
Singapore online grocer RedMart raises $26.7m
Singapore-based online grocery marketplace RedMart has raised $26.7 million in a bridge round from existing investors Garena Online, Softbank Ventures Korea and US-based Visionnaire Ventures.
Profile: BPI's Dennis Montecillo
After 15 years spent advising PE firms in Asia, Dennis Montecillo has returned to his native country as executive vice president with the Bank of the Philippine Islands (BPI). The timing could not be better
India's VC-backed Mobikon buys Singapore's Trii.be
Indian customer engagement and marketing platform Mobikon, which is backed by Jungle Ventures, has bought Singapore's feedback management start-up Trii.be.
Quvat's Tom Lembong made Indonesia trade minister
Tom Lembong, former CEO and managing partner of Quvat Capital, has been made Indonesia's trade minister as part of a broader cabinet reshuffle by President Joko Widodo.
GIC supports Carlyle's $8b Veritas acquisition
Singapore's GIC Private has joined The Carlyle Group in its $8 billion acquisition of Silicon Valley-based Veritas, the information management unit of US tech giant Symantec.
Malaysia's Axiata Group buys VC-backed Komli's SE Asia unit
Malaysian telecommunications giant Axiata Group has acquired the Southeast Asian business of Komli Media, the Mumbai-based digital media firm backed by a slew of venture capital investors, for $11.25 million.
Navis exits ECO Industrial to China's Beijing Capital
Navis Capital Partners sold ECO Industrial Environmental Engineering, a Singapore-based hazardous waste management firm, to Beijing Capital Group (BCG) for S$246 million ($179 million)
GIC's PE allocation unchanged as 12-month overall return rises
GIC Private’s PE allocation remained static at 9% last year as the Singapore sovereign wealth fund posted a 20-year annualized return of 4.9% for the 12 months ended March 2015, up from 4.1% in 2014.
Golden Gate reaches first close on SE Asia VC fund
Singapore-based Golden Gate Ventures has reached a first close of $35 million on its second Southeast Asia-focused fund, Golden Gate Ventures Fund II.
Deal focus: NSI Ventures in robot kitchen play
The old proverb is that necessity is the mother of invention, but in an age of robotics it seems that simple inconvenience is enough to give birth to the next great innovation. Such is the case with the Rotimatic, a “robot” invented specifically to...
VIDEO: Shaw Kwei & Partners' Kyle Shaw
The competitive environment for private equity deals in Asia is less intense than at any time in the last 10 years as players investing before the global financial crisis have pared back their activity, says Kyle Shaw, founder and managing director at...
Ex-TPG Growth executive joins Singapore’s Jungle Ventures
Singapore-based Jungle Ventures has appointed David Gowdey, previously of TPG Capital’s growth investment unit, as a managing partner.
Singapore's Qoo10 raises $82.1m Series A
Singapore-based Giosis, which manages e-commerce site Qoo10, has raised $82.1 million in a Series A round led by Singapore Press Holdings (SPH).
Deal focus: Fastacash brings payments everywhere
Digital networks are remaking communication patterns across the world; where people living abroad once relied on postal services and analog telephone lines, now their loved ones are just an instant message away.
Singapore's Temasek, UOB to offer $500m in venture debt
Singapore's government-sponsored investment fund Temasek Holdings and United Overseas Bank (UOB) have agreed to form a joint vehicle which will offer $500 million in venture debt financing to start-ups in China, India and Southeast Asia.
Sequoia leads $3.25m round for Malaysia's KFit
Malaysian online fitness platform KFit has raised $3.25 million in a funding round led by Sequoia Capital.