Southeast Asia is a region in Southeast Asia.
Indonesia
Singapore\sMalaysia
Vietnam\sThailand
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Greater China is a term used to describe a
Asia’s rest
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9Unicorns announces the fourth closure of their accelerator fund at $50 million in India.
9Unicorns has already committed to 59 different startups.
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India: 9Unicorns announces the fourth closing of its accelerator fund, which is valued at $50 million.
Ninja Van joins with Ministop in Asia Digest; Pak fintech CreditFix has raised a seed round of funding.
Eight Roads, backed by WuXi AppTec, has launched a $400 million healthcare fund in China.
WeMaintain earns $36 million in Series B funding for worldwide expansion and builds an office in Singapore, thanks to Malaysia’s Khazanah.
More Accounts
According to reports, SG’s Zilingo has raised $35 million in capital from existing shareholders.
Alpha JWC of Indonesia has filed for a $300 million third venture capital fund.
In July, SG’s Vertex Growth will complete the first closure of its $330 million second fund.
Bukalapak, an Indonesian unicorn, is ready to take first-mover advantage in its market launch [Updated] Lazada’s board of directors loses two directors, who are replaced by Alibaba executives.
Deals Asia Digest: Ninja Van collaborates with Ministop; CreditFix, a Pakistani fintech, raises a seed round
VC (Venture Capital) is a
Eight Roads, backed by WuXi AppTec, has launched a $400 million healthcare fund in China.
Early-stage possibilities in pharmaceuticals, medtech, and digital health will be pursued by Eight Roads.
Malaysia’s Khazanah has appointed Feisal, a former Maybank CFO, as its new CEO.
Feisal will succeed Shahril Ridza Ridzuan, the current head of Khazanah.
Deals
WeMaintain obtains $36 million in Series B funding to expand globally and opens a Singapore branch.
WeMaintain has identified Asia Pacific as a critical growing area, with the region accounting for around 40% of all elevators in the world.
VC (Venture Capital) is a
Quiet Capital, Sequoia India, and others invest $37 million in LocoNav.
The cash will be used to expand LocoNav’s technology and data science teams.
VC (Venture Capital) is a
Tingyun, a Chinese startup, raises $77 million in a Series D investment led by CIIF, CICC, and others.
The round was joined by GF Qianhe, Mangrove Capital, and others.
SE Asia-focused venture capital in China ZWC Partners has raised $774 million in USD and RMB funding.
Over $1.5 billion in money is managed by ZWC Partners’ RMB and USD funds.
Deals
VietJet intends to sell 15% of its stock and raise $300 million through an international bond issue.
This year, VietJet expects to increase revenue by 20% to 21.9 trillion dong ($951.35 million).
SpiceJet’s board of directors will explore several fundraising options, according to Deals India.
During FY2022, Indian airlines are expected to report a consolidated loss of over $4.1 billion.
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