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
Mekong Capital invests $8.8 million in LiveSpo Global, a probiotics manufacturer in Vietnam.
LiveSpo makes liquid spore-based probiotics with several strains and high concentration.
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Mekong Capital, based in Vietnam, invests $8.8 million in a probiotics manufacturer. Global LiveSpo
Wesfarmers, an Australian retailer, has made a $509 million bid for an API.
Emtek Group, based in Indonesia, is looking for outside capital for its video-on-demand business.
Nium, a Singapore startup, obtains $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Southeast Asian tech behemoths are gearing up to take a piece of the online grocery delivery pie.
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Following the Gojek transaction, AirAsia is on the verge of securing two more in its digital business expansion.
Naluri, a Malaysian healthtech business, has received $5 million in Series A funding.
Southeast Asia’s earned wage access startups hold a lot of promise for investors.
Nium, a Singapore startup, obtains $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Bukalapak, an Indonesian company, is planning an IPO that might raise up to $1.5 billion, making it the largest in IDX history.
Wesfarmers, an Australian retailer, is eyeing the pharmacy business with a $509 million API proposal.
The bid comes at a time when API’s stores and clinics have been forced to close because to coronavirus limitations.
Indonesia’s Emtek Group is looking for outside capital for its video-on-demand business.
The company is focusing on two new business pillars: digital businesses and healthcare.
Nium, a venture capital firm based in Singapore, has raised $78 million in Series D funding from Riverwood Capital, Vertex Growth, and others.
Nium’s Series D round follows the announcement of two big acquisitions earlier this year.
Analysis
Southeast Asian tech behemoths are gearing up to take a piece of the online grocery delivery pie.
Last year, Southeast Asia witnessed the most growth in the e-commerce industry for online groceries.
Tridge, a Korean agrifood trade website, has raised $60 million in Series C funding.
Forest Partners, a Seoul-based alternative investment business, led the capital round.
Abound Capital, based in Singapore, is in talks to launch a venture debt fund and has received MAS approval.
The business is looking for Series A investments in Asian startups.
Tiger Global, a venture capital firm, is leading a $104 million investment in Spinny, an Indian used automobile dealership.
Tiger Global is the only investor in the round, with a total investment of $74 million.
Analysis
In the wake of COVID-19, sovereign asset managers are increasing their ESG focus, according to an Invesco poll.
Sovereign funds are also on the lookout for long-term investment prospects.
Deals in India: OAKS raises $30 million from Gulf Islamic Investments, Hero Electric raises $30 million from Gulf Islamic Investments.
The money marks the first installment of the company’s Series B round./n
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