SE Asia Digest: PH-based Entech bags $5m funding; Draper acquires Vietnam’s Hatch!
Entech bagged the investment from Chicago-based family office Concentric Equity Partners.
Xiaomi, Kuaishou-backer 5Y Capital closes new USD, RMB funds at over $2b
The latest US dollar funds alone raked in over $1.7b.
China’s AI drug discovery platform StoneWise bags $100m in Series B, B+ rounds
The Series B round was led by Legend Capital, while Lightspeed China and Greater Bay Area Homeland Investments co-led the Series B+.
Alibaba to lower entry barriers, business costs of merchants
China recently imposed a record $2.75 billion fine on Alibaba amid a crackdown on tech conglomerates.
Global PE giant Partners Group scouts for tech buyout opportunities in Asia
SaaS businesses in the region, in particular, are potential investment targets, says Cyrus Driver.
India Deal Review: Big-ticket deals boost startup funding by 72% YoY to $2.4b in March
Byju’s, Dream Sports, FirstCry, Five-Star Business Finance, and Uniphore sealed the biggest deals.
Indonesian newcomer audio app Noice prepares roadmap to take on Spotify
VC-backed Noice plans to monetise the audio content business in the last quarter of 2021.
Low interest rates, pandemic push cash-rich Vietnamese to explore stocks
Stocks have emerged as the new asset class for those who once favored cash and real estate.