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
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.
Just Arrived
Trending
GPSC, a Thai electrical company, has invested $453 million in India’s Avaada Energy.
Sumitomo Mitsui of Japan will buy a 5% share in Jefferies for $380 million.
Indies Capital Partners announces the first closing of its second fund, which will target late-stage IT companies in Southeast Asia. Asia Hamilton Lane has filed for a second impact fund with a target of $400 million.
With no late fees on BNPL’s More Stories, PayPal Australia takes on Afterpay.
[Updated] Nium, a Singapore startup, has raised $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
In a $200 million transaction, Carsome and Catcha Group will team together to buy iCar Asia.
Next Gen obtains $20 million in funding from Temasek, GGV Capital, and others.
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.
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.
PayPal Australia competes with Afterpay by offering a no-late-fee BNPL product.
In Australia, the company’s interest-free BNPL option was announced last month.
Deals from Singapore’s robo-advisor Valar Ventures led a $30 million Series B financing for Syfe.
According to a regulatory filing, Valar Ventures is investing about $22.5 million in this round.
Texas Permanent invests a total of $110 million in Warburg Pincus and Orchid Asia funds.
Warburg Pincus Asia Real Estate and Orchid Asia VIII have made commitments.
Analysis
As long as ‘exit remains king,’ China’s nascent trend of continuation funds is expected to grow.
Continuation funds give investors the option of selling or rolling their investments into a new vehicle.
Carsome’s acquisition of iCar Asia is only the tip of the automotive iceberg in Southeast Asia.
The Carsome-iCar Asia agreement is considered as a merger of two Southeast Asian companies with a long-term growth strategy.
Deals
GLP J-REIT raises $250 million in its first rapid global offering.
The funds would be utilized to purchase four logistics assets in Tokyo and the Greater Osaka area./n
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