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
Tiki, a Vietnamese e-commerce company, is claimed to have received $100 million in the first Series E tranche.
According to insiders, the second tranche will raise up to $100 million in the coming months.
Just Arrived
Trending
Tiki, a Vietnamese e-commerce company, is claimed to have received $100 million in the first Series E tranche.
In Malaysia, a Grab-Singtel joint venture has entered the fight for digital bank licenses.
Khalid al-Dabbagh, Aramco’s CFO, is expected to resign this week.
Southeast Asia’s M&A bonanza is fueled by private equity deals in the first half of the year.
Boltech, a Singapore-based insurtech business, has raised $180 million at a valuation of over $1 billion.
More Accounts
Adrian Cheng’s C Ventures invests in CASETiFY, a tech accessories business aimed at Gen Z, while Velocity Ventures closes its first $20 million SE round. Hospitality and tourism fund with a focus on Asia
WeMaintain raises $36 million in Series B fundraising for worldwide development and establishes a Singapore office, according to HarbourVest WeMaintain raises $36 million in Series B funding for global expansion and opens a Singapore office.
Alpha JWC of Indonesia has filed for a $300 million third venture capital fund.
Grab-Singtel JV joins fight for Malaysian digital bank licenses
The two companies had previously collaborated to get a Singapore digital banking license.
People
Khalid al-Dabbagh, Aramco’s CFO, is expected to resign this week.
Al-Dabbagh will be replaced by Ziad Al-Murshed.
Southeast Asia acquisitions and private equity agreements fuel Asia’s M&A frenzy in the first half of the year.
In the first half of 2021, Southeast Asia agreements increased by 83 percent to a new high of $124.8 billion.
Boltech, a Singapore-based insurtech business, has raised $180 million at a valuation of over $1 billion.
Activant Capital Group, a private investment entity, led the capital round.
Markets & Initial Public Offerings
After the first day of trading in the United States, China’s Didi was valued at $68 billion.
Didi’s stock began at $16.65, up from its initial public offering price of $14.
Deals
SoftBank plans to raise $7.35 billion in its first international bond offering in three years.
The current bond issuance’s proceeds will be utilized to repay debt and for general corporate purposes.
CredR raises about $6.4 million from Yamaha Motors and others in India.
CredR, a six-year-old company with an omnichannel presence, runs a used two-wheeler purchase marketplace.
Small businesses represent a huge opportunity for Southeast Asia’s entrepreneurs, according to Data Vantage.
We bring you the first two deals in Southeast Asia from London-based VC Hedosophia, as well as other updates in this edition.
Adani Green’s acquisition of SB Energy is approved by the CCI in India.
AGEL will now have a total renewable capacity of 24.3 GW as a result of this acquisition./n
Read More
