Singapore video platform operator 90 Seconds has raised a $20 million Series B from a group including Susquehanna International Group (SIG), Australia’s AirTree Ventures, and Sequoia Capital India.
Zilingo has secured $226 million in Series D funding to take its end-to-end online retail service to more small-scale fashion merchants across Southeast Asia
ViSenze, a Singaporean artificial intelligence (AI) provider focused on e-commerce has received a $20 million Series C round led by China’s Gobi Ventures and the VC arm of Portuguese retail and technology group Sonae.
Intudo Ventures has raised $50 million for its second Indonesia-focused fund, drawing on strong support from international investors such as Founders Fund
Hong Kong is introducing various initiatives intended to encourage private equity firms to bring more of their operations onshore. A failure to act may see Singapore emerge as Asia’s jurisdiction of choice
Singapore’s government plans to invest S$100 million ($74 million) in Singapore-based start-ups and small and medium-sized enterprises (SMEs) in 2019, along with other measures aimed at promoting local businesses.
Novo Tellus Capital Partners has invested S$12 million ($8.8 million) in Procurri, a Singapore-listed provider of IT services and data center equipment.
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.