Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
Philippines
Myanmar
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
Deals
Banma, a Chinese smart car provider, has raised $434 million in funding from Alibaba, SAIC, and others.
Banma raised $247 million in its first round of fundraising in 2018.
Just Arrived
Trending
Banma, a Chinese smart car provider, has raised $434 million in funding from Alibaba, SAIC, and others.
The Gentree Fund has set aside $40 million for Southeast Asian companies aiming to develop in the Philippines.
Nas Academy, a Singapore-based edtech company, has been awarded a grant. Lightspeed Ventures led the $11 million Series A round.
Tiger Attitude, a Chinese pastry company, has raised roughly $50 million in a Series A investment.
Digest for People: Lone Star Funds and Franklin Templeton have made important hires in Asia.
More Accounts
[Updated] Nium, a Singapore startup, has raised $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Next Gen obtains $20 million in funding from Temasek, GGV Capital, and others.
In a $200 million transaction, Carsome and Catcha Group will team together to buy iCar Asia.
After attracting VC funding, Southeast Asia’s direct-to-consumer (DTC) firms are focusing on lowering customer acquisition expenses.
PAYFAZZ, an Indonesian fintech firm, has received an e-money license.
The Gentree Fund, a venture capital firm, has set aside $40 million for Southeast Asian firms aiming to expand in the Philippines.
Gentree has already invested $12 million in its current startup portfolio.
Nas Academy, a Singapore edtech business, has raised $11 million in a Series A round headed by Lightspeed Ventures.
Among the investors were TechAviv Founder Partners, 500 Startups, Graph Ventures, Fresh.fund, and Metapurse.
Deals
Tiger Attitude, a Chinese pastry company, has raised roughly $50 million in a Series A investment.
Tiger Global Management and GGV Capital jointly led the round.
Franklin Templeton and Lone Star Funds have made major appointments in Asia, according to People People Digest.
Franklin Templeton wants to broaden the scope and reach of its investment solutions in Asia Pacific.
Private equity (PE) is a type of investment
NSSK, a Japanese private equity firm, has raised $69 million for its third investment vehicle.
In 2017, NSSK’s second fund, worth 60 billion yen ($543 million), was closed.
Deals
GPSC, a Thai electrical company, has invested $453 million in India’s Avaada Energy.
India is a focal country for renewable energy expansion, according to GPSC, a subdivision of state-owned PTT Pcl.
Sumitomo Mitsui of Japan will buy a 5% share in Jefferies for $380 million.
The move is part of SMFG’s strategy to develop its securities business in the US.
Indies Capital Partners, a venture capital firm focused on late-stage technology companies in Southeast Asia, announces the first closure of its second fund.
According to Harold Ong, the fund’s partner, around 30% of the money has already been spent.
Hamilton Lane, a private equity firm, has filed for a second impact fund with a target of $400 million.
The second vehicle would be much larger than the first, which cost $95 million to build./n
Read More
