Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
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India
Greater China is a term used to describe a
Asia’s rest
World
Internet Economy & E-Commerce
Technology
Infrastructure and Real Estate
Services in the Financial Sector
Infrastructure for Social Development
Crystal Stream invests in EMaxAB, and Singularity Data receives roughly $10 million in venture capital from China.
MaxAB’s total funding now stands at $46.2 million after the Series A investment.
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Crystal Stream backs EMaxAB; Singularity Data receives over $10 million in China Digest
Warburg Pincus, Temasek Pincus will invest $500 million in Ola, an Indian ride-hailing company, ahead of its IPO.
India: The Kotak pre-IPO Opportunities Fund closes for the first time at $185 million.
IPO-bound In the March quarter, Zomato’s RHP shows an improvement in operational indicators.
Synyi AI, based in China, has raised $77 million in a Series E financing headed by IDG Capital.
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Bukalapak, an Indonesian company, has raised its IPO aim to above $1 billion due to high demand.
Following the Gojek transaction, AirAsia is on the verge of securing two more in its digital business expansion.
Warburg Pincus exits ESR, an APAC real estate platform, while Janio, a Singapore-based logistics startup, obtains $8 million from Choco Up, a financial business.
Bukalapak, an Indonesian company, is planning an IPO that might raise up to $1.5 billion, making it the largest in IDX history.
Temasek and Warburg Pincus will invest $500 million in India’s Ola ahead of its IPO.
Its current round of funding comes as a number of well-known Indian businesses prepare to go public.
IPOs & Markets India: Kotak pre-IPO Opportunities Fund closes at $185 million for the first time.
The fund’s initial aim was a corpus of Rs 1,000 crore, which was quickly exceeded three months after its creation.
Markets & Initial Public Offerings
The RHP of Zomato, which is preparing to go public, shows an improvement in operational indicators in the March quarter.
Higher delivery charges hurt Zomato’s unit economics in the March quarter.
Deals
Synyi AI, based in China, has raised $77 million in a Series E financing headed by IDG Capital.
Synyi AI’s Series D round was completed in December 2020, and the new funding came after that.
Kurly, a Korean grocery delivery business, has raised $200 million in a Series F round of funding.
The firm has a post-money valuation of $2.2 billion as a result of the fundraising round.
Teachmint, an online education platform, raises $20 million in a venture capital round headed by Learn Capital in India.
In just two months, the company’s value has increased by threefold.
Deals in India: Powerplay raises $5.2 million in a round headed by Accel Partners and Sequoia Capital’s Surge.
The funds will be used to expand the company’s personnel and improve the product experience.
Regulations & Policy
More Chinese companies are expected to be added to the US blacklist as a result of the Xinjiang situation.
The Biden administration intends to add 14 Chinese corporations to the Entity List as a result of alleged human rights violations in Xinjiang.
Deals
MoneyMatch, a Malaysian fintech startup, has raised $4.4 million in Series A funding.
Malaysia Debt Ventures provided a venture debt facility in the most recent round./n
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