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
MetroMart, a PH delivery service, has raised up to $30 million in Series A funding from a venture capital firm.
This is the company’s first institutional round of funding.
Just Arrived
Trending
MetroMart, a Philippine shipping business, has raised up to $30 million in Series A funding. Tongcheng Life, a Chinese communal group-buying service, has filed for bankruptcy.
Paytm, an Indian e-commerce company, is proposing a $268 million share sale ahead of its IPO.
Mobikwik, an Indian payments company backed by Sequoia Capital, has filed for a $255 million funding round. AirAsia’s IPO will raise up to $238 million through a rights sale in order to weather the global travel recession.
More Accounts
Following the Gojek transaction, AirAsia is on the verge of securing two more in its digital business expansion.
Nium, a Singapore startup, obtains $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Southeast Asia’s earned wage access startups hold a lot of promise for investors.
Emtek Group, based in Indonesia, is looking for outside capital for its video-on-demand business.
PAYFAZZ, an Indonesian fintech firm, has received an e-money license.
Tongcheng Life, a Chinese community group-buying enterprise, has filed for bankruptcy.
It was unable to stay afloat in a market that was becoming increasingly competitive and fueled by substantial subsidies.
Markets & Initial Public Offerings
Paytm, an Indian e-commerce company, is proposing a $268 million share sale ahead of its IPO.
One97 Communications Ltd, Paytm’s parent company, is planning an initial public offering (IPO) for $2.3 billion.
Markets & Initial Public Offerings
Mobikwik, an Indian payments company funded by Sequoia Capital, has filed for a $255 million IPO.
A total of $201 million in new shares will be issued as part of the IPO.
COVID-19 AirAsia will use a rights offering to raise up to $238 million to help it weather the global tourism slump.
The funds will be used to cover working capital and operational needs, as well as to expand the company’s digital operations.
VC (Venture Capital) is a
CTBC Venture Capital, based in Taiwan, has committed $4.5 million to a crypto-focused fund.
Dragonfly Capital Partners manages the fund, Dragonfly Ventures I Feeder LP.
YCombinator, a venture capital firm, leads fundraising for the Bikry App, and there are 16 more India transaction updates.
Twitch.TV, RazorPay, Angelist, Cabra VC, and Sumon Sadhu were among the investors in the round.
Unicorns of Indian foodtech Phani Kishan has been promoted to co-founder of Swiggy.
Swiggy’s vice president of strategy and investments is Addepalli’s current position.
Deals
Iron Capital, a Cambodian company, has received investment to establish a digital automotive ecosystem.
An unknown strategic investor contributed to the acquisition.
Deals
Allnex, a manufacturer of coating resins, has been sold to Thailand’s PTTGC for $4.75 billion.
Allnex is valued at 12.2 times its annual core earnings in this deal./n
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