se Oriente raises $50m Series B round led by Henderson Land’s Peter Lee By www.dealstreetasia.com Published On :: Mon, 27 Apr 2020 22:00:36 +0000 Oriente is the parent company of Finmas, Cashalo and Finizi, three online lenders operating in SE Asia. The post Oriente raises $50m Series B round led by Henderson Land’s Peter Lee appeared first on DealStreetAsia. Full Article Oriente
se Japan’s Saison Capital leads $10m funding in SG-based fintech startup Helicap By www.dealstreetasia.com Published On :: Mon, 27 Apr 2020 22:50:29 +0000 This marks the Series A round of funding for Helicap. The post Japan’s Saison Capital leads $10m funding in SG-based fintech startup Helicap appeared first on DealStreetAsia. Full Article East Ventures Helicap saison capital
se PE firm Archipelago Capital eyes $250m for second Southeast Asia fund By www.dealstreetasia.com Published On :: Tue, 28 Apr 2020 01:00:00 +0000 Archipelago's second fund will deploy 40-50% of its corpus in the Philippines. The post PE firm Archipelago Capital eyes $250m for second Southeast Asia fund appeared first on DealStreetAsia. Full Article Archipelago Asia Focus Fund II Archipelago Capital Partners International Finance Corporation
se Olam secures $176m loan from IFC, JICA By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 05:14:24 +0000 Proceeds will be used to buy agri-commodities from farmers in Vietnam, Indonesia, Timor-Leste, Papua New Guinea and Uganda. The post Olam secures $176m loan from IFC, JICA appeared first on DealStreetAsia. Full Article
se Temasek’s philanthropy arm launches $7m COVID-19 assistance fund By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 06:36:21 +0000 The fund will support initiatives that respond to community needs in Singapore amidst virus outbreak. The post Temasek’s philanthropy arm launches $7m COVID-19 assistance fund appeared first on DealStreetAsia. Full Article
se SG Digest: Clifford Capital sets up holding co; Bayfront partners 15 banks By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 07:13:23 +0000 Bayfront Infrastructure Management is collaborating with 15 banks for infrastructure loan acquisitions. The post SG Digest: Clifford Capital sets up holding co; Bayfront partners 15 banks appeared first on DealStreetAsia. Full Article Bayfront Infrastructure Management Clifford Capital Pte Ltd
se SG-based healthtech firm mClinica seeks to raise $20m amid virus outbreak By www.dealstreetasia.com Published On :: Thu, 30 Apr 2020 00:33:11 +0000 The startup closed a bridge round with US-based SIG a few months ago. The post SG-based healthtech firm mClinica seeks to raise $20m amid virus outbreak appeared first on DealStreetAsia. Full Article mClinica Susquehanna International Group (SIG)
se Temasek boosts investment in agtech startup Pivot Bio By www.dealstreetasia.com Published On :: Sun, 03 May 2020 09:46:20 +0000 The $100 million Series C round was co-led by Breakthrough Energy Ventures and Temasek The post Temasek boosts investment in agtech startup Pivot Bio appeared first on DealStreetAsia. Full Article Breakthrough Energy Ventures Bunge Ventures Codon Capital Continental Grain Co. Pivot Bio Prelude Ventures Spruce Capital Partners Tekfen Ventures Temasek
se COVID-19 spurs surge in demand for SG-based sexual wellness firm’s Smile Makers By www.dealstreetasia.com Published On :: Tue, 05 May 2020 00:34:03 +0000 Singapore-based Ramblin' Brands raised a $4.4-million round from DSG Consumer Partners in 2016. The post COVID-19 spurs surge in demand for SG-based sexual wellness firm’s Smile Makers appeared first on DealStreetAsia. Full Article DSG Consumer Partners (DSGCP) Mattias Hulting Ramblin’ Brands Smile Makers
se SG’s biodegradable plastic maker RWDC raises $133m in Series B round By www.dealstreetasia.com Published On :: Tue, 05 May 2020 10:00:08 +0000 The funding will be used by the company to expand its production capacity. The post SG’s biodegradable plastic maker RWDC raises $133m in Series B round appeared first on DealStreetAsia. Full Article RWDC Industries
se Deutsche Bank unit DWS acquires warehouse in Singapore By www.dealstreetasia.com Published On :: Wed, 06 May 2020 04:18:06 +0000 The property benefits from a prominent location in Jurong close to the upcoming Tuas Megaport. The post Deutsche Bank unit DWS acquires warehouse in Singapore appeared first on DealStreetAsia. Full Article DWS
se Everstone exits Singapore-based HR service provider Excelity Global By www.dealstreetasia.com Published On :: Thu, 07 May 2020 09:16:12 +0000 The transaction is expected to close during the second quarter of 2020. The post Everstone exits Singapore-based HR service provider Excelity Global appeared first on DealStreetAsia. Full Article Ceridian Everstone Group Excelity Global Solutions Pte Ltd
se KKR sees Asia portfolio as driver for growth amid virus crisis By www.dealstreetasia.com Published On :: Thu, 07 May 2020 10:17:47 +0000 KKR has about $58 billion in dry powder for new investments. The post KKR sees Asia portfolio as driver for growth amid virus crisis appeared first on DealStreetAsia. Full Article KKR Scott Nuttall
se Southeast Asian operators bullish on co-living growth prospects but see it as long-term play By www.dealstreetasia.com Published On :: Thu, 12 Mar 2020 00:57:33 +0000 Despite the recent pressure of Covid-19, key SEA co-living operators said they would continue to expand this year. The post Southeast Asian operators bullish on co-living growth prospects but see it as long-term play appeared first on DealStreetAsia. Full Article co-living
se Malaysian payments firm iPay88 in talks to raise $25m to expand ops By www.dealstreetasia.com Published On :: Thu, 19 Mar 2020 00:04:30 +0000 The firm is in talks with a host of investors in Singapore, Thailand, Cambodia and Indonesia, apart from its home market. The post Malaysian payments firm iPay88 in talks to raise $25m to expand ops appeared first on DealStreetAsia. Full Article iPay88
se Malaysia’s latest stimulus package gets thumbs down from businesses, investors By www.dealstreetasia.com Published On :: Mon, 30 Mar 2020 08:36:09 +0000 Measures announced by the govt, such as tax and loan deferments, are unlikely to boost VC investments. The post Malaysia’s latest stimulus package gets thumbs down from businesses, investors appeared first on DealStreetAsia. Full Article
se COVID-related assistance emerges for SEA’s hard-hit startup ecosystem By www.dealstreetasia.com Published On :: Thu, 02 Apr 2020 17:46:07 +0000 VCs, startups and industry associations have banded together to offer funds and assistance. The post COVID-related assistance emerges for SEA’s hard-hit startup ecosystem appeared first on DealStreetAsia. Full Article COVID-19 Cradle Seed Ventures Kejora Venturs Malaysia RHL Ventures Vynn Capital
se COVID-19 could alter trajectory of ASEAN’s digital economy growth, says World Bank economist By www.dealstreetasia.com Published On :: Tue, 07 Apr 2020 01:00:36 +0000 The current crisis demands greater use of digital services over good quality, resilient broadband infrastructure. The post COVID-19 could alter trajectory of ASEAN’s digital economy growth, says World Bank economist appeared first on DealStreetAsia. Full Article World Bank
se Malaysian drone firm Aerodyne to seize global M&A opportunities amid virus turbulence By www.dealstreetasia.com Published On :: Wed, 08 Apr 2020 22:53:30 +0000 The company plans to complete as many as seven mergers and acquisitions over the next two years. The post Malaysian drone firm Aerodyne to seize global M&A opportunities amid virus turbulence appeared first on DealStreetAsia. Full Article Aerodyne
se Malaysia’s COPE Private Equity launches $41m program to back local businesses By www.dealstreetasia.com Published On :: Thu, 09 Apr 2020 00:13:04 +0000 The program will provide 20-40 million ringgit to Malaysian companies looking for capital. The post Malaysia’s COPE Private Equity launches $41m program to back local businesses appeared first on DealStreetAsia. Full Article COPE Private Equity
se SEA’s co-working operators fight for survival amid COVID-19 outbreak By www.dealstreetasia.com Published On :: Thu, 09 Apr 2020 21:59:39 +0000 The co-working sector is likely to stare at a spate of consolidations as lockdown drags down revenues of companies. The post SEA’s co-working operators fight for survival amid COVID-19 outbreak appeared first on DealStreetAsia. Full Article coworking
se Malaysia Airlines, Khazanah in talks with government to seek more funds By www.dealstreetasia.com Published On :: Sun, 12 Apr 2020 17:48:42 +0000 The Malaysian government has been seeking a strategic partner for its financially ailing national airline. The post Malaysia Airlines, Khazanah in talks with government to seek more funds appeared first on DealStreetAsia. Full Article Khazanah Nasional Bhd Malaysia Airlines
se Malaysia’s state oil giant Petronas raises $6b in first bond offering in five years By www.dealstreetasia.com Published On :: Wed, 15 Apr 2020 06:18:04 +0000 It was the company’s first bond sale since a $5 billion offering in March 2015. The post Malaysia’s state oil giant Petronas raises $6b in first bond offering in five years appeared first on DealStreetAsia. Full Article Petronas
se SEA Digest: SG’s Hoow Foods nabs funds; ScaleUp Malaysia backs 10 firms By www.dealstreetasia.com Published On :: Wed, 15 Apr 2020 10:34:57 +0000 Hoow Food previously raised S$1.7 million in a seed round led by F&B player Killiney Group and joined by TRIVE. The post SEA Digest: SG’s Hoow Foods nabs funds; ScaleUp Malaysia backs 10 firms appeared first on DealStreetAsia. Full Article Hoow Foods ScaleUp Malaysia
se Malaysia’s PE, VC sector sees slight dip in total fund commitment in 2019 By www.dealstreetasia.com Published On :: Thu, 16 Apr 2020 10:35:36 +0000 Divestment activity jumped nearly four times to $145.03 million from $36.99 million a year ago, SC data shows. The post Malaysia’s PE, VC sector sees slight dip in total fund commitment in 2019 appeared first on DealStreetAsia. Full Article Securities Commission Malaysia
se Malaysia’s Serba Dinamik to raise $53.5m for gearing, working capital By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 09:50:00 +0000 The firm is offering 5 per cent of its existing outstanding shares, priced at a discount between 1.49-1.52 ringgit per share. The post Malaysia’s Serba Dinamik to raise $53.5m for gearing, working capital appeared first on DealStreetAsia. Full Article Serba Dinamik Holdings Bhd
se Malaysia’s PNB seeks to raise global exposure to 30% by 2022 By www.dealstreetasia.com Published On :: Mon, 04 May 2020 11:13:37 +0000 The 2022 target is a part of the fund's diversification strategy of its asset classes. The post Malaysia’s PNB seeks to raise global exposure to 30% by 2022 appeared first on DealStreetAsia. Full Article Permodalan Nasional Bhd (PNB)
se SC Malaysia allows distribution of capital market products via e-service platforms By www.dealstreetasia.com Published On :: Tue, 05 May 2020 10:07:56 +0000 SC will facilitate the online distribution of capital market products such as unit trusts. The post SC Malaysia allows distribution of capital market products via e-service platforms appeared first on DealStreetAsia. Full Article e wallet e-payments platform Malaysia’s Securities Commission
se Japanese PE investor INCJ mulls stake sale in Axiata tower arm By www.dealstreetasia.com Published On :: Thu, 07 May 2020 21:37:38 +0000 INCJ bought the shares from Edotco parent Axiata for $400 million via a private placement in 2017. The post Japanese PE investor INCJ mulls stake sale in Axiata tower arm appeared first on DealStreetAsia. Full Article Axiata edotco INCJ
se SEA Digest: CloudEats bags seed funding; LinkAja launches sharia service By www.dealstreetasia.com Published On :: Thu, 16 Apr 2020 02:44:25 +0000 Philippines-based cloud kitchen startup CloudEats has secured $1.4 million in a seed funding round led by an undisclosed local family office. The post SEA Digest: CloudEats bags seed funding; LinkAja launches sharia service appeared first on DealStreetAsia. Full Article CloudEats LinkAja
se Southeast Asian startups tighten purse-strings as coronavirus hits revenue By www.dealstreetasia.com Published On :: Mon, 20 Apr 2020 04:21:01 +0000 Many startups are scrambling to cut costs - slicing payrolls and the wages of those still on the job. The post Southeast Asian startups tighten purse-strings as coronavirus hits revenue appeared first on DealStreetAsia. Full Article cash burn coronavirus FOMO Pay
se SE Asia Digest: Gojek completes Moka deal; HC Surgical to pick 51% in GMH By www.dealstreetasia.com Published On :: Mon, 20 Apr 2020 15:20:12 +0000 HC Surgical will enter into a separate agreement to buy the remaining stake in GMHES at a later stage. The post SE Asia Digest: Gojek completes Moka deal; HC Surgical to pick 51% in GMH appeared first on DealStreetAsia. Full Article Fullerton Healthcare Corporation GMH Endoscopy & Surgery Pte. Ltd HC Surgical Specialists Limited
se Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push By www.dealstreetasia.com Published On :: Tue, 21 Apr 2020 12:58:30 +0000 The firm's portfolio companies in SEA include Grab, Berry Kitchen, and goKampus, among others. The post Silicon Valley-based Sovereign’s Capital closes $60m fund for SEA push appeared first on DealStreetAsia. Full Article Sovereigns Capital
se PE firm Northstar makes first close of Indonesia-focused fifth fund By www.dealstreetasia.com Published On :: Wed, 22 Apr 2020 02:47:31 +0000 The first close represents one-third of the fund’s $800-million target. The post PE firm Northstar makes first close of Indonesia-focused fifth fund appeared first on DealStreetAsia. Full Article Northstar Group
se Southeast Asia’s startups raised $2.9b in Jan-March, up 3% from Q1 last year By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 00:58:49 +0000 The number of deals touched 146 in the first quarter this year, compared to 127 in the same period last year. The post Southeast Asia’s startups raised $2.9b in Jan-March, up 3% from Q1 last year appeared first on DealStreetAsia. Full Article
se Indonesia’s P2P lender Modalku raises $40m in Series C round By www.dealstreetasia.com Published On :: Thu, 23 Apr 2020 04:19:43 +0000 The funding will also be used to support MSMEs through restructuring options. The post Indonesia’s P2P lender Modalku raises $40m in Series C round appeared first on DealStreetAsia. Full Article Modalku
se SE Asian insurtech startup Qoala raises $13.5m led by Centauri Fund By www.dealstreetasia.com Published On :: Tue, 28 Apr 2020 00:58:56 +0000 MassMutual Ventures SEA, MDI Ventures and Central Capital Ventura also joined the round. The post SE Asian insurtech startup Qoala raises $13.5m led by Centauri Fund appeared first on DealStreetAsia. Full Article Centauri Fund Qoala
se Indonesia seeks to shore up public trust with insurer consolidation By www.dealstreetasia.com Published On :: Tue, 28 Apr 2020 00:59:11 +0000 The plan does not so far include insurers Jiwasraya and Asabri that have been rocked by management scandals. The post Indonesia seeks to shore up public trust with insurer consolidation appeared first on DealStreetAsia. Full Article
se Indonesia to subsidise interest payments for virus-hit smaller firms By www.dealstreetasia.com Published On :: Wed, 29 Apr 2020 23:14:20 +0000 Small companies account for more than half of Indonesia's gross domestic product and provide many jobs in the country of more than 260 million people. The post Indonesia to subsidise interest payments for virus-hit smaller firms appeared first on DealStreetAsia. Full Article Sri Mulyani Indrawati
se Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding By www.dealstreetasia.com Published On :: Thu, 30 Apr 2020 04:18:01 +0000 BukuKas has raised a seed funding round led by Sequoia Capital India through its startup programme Surge. The post Indonesia Digest: East Ventures raises $609k for COVID-19 test kits; BukuKas bags seed funding appeared first on DealStreetAsia. Full Article BukuKas East Ventures
se Education deals in SEA put on the back burner amid virus crisis By www.dealstreetasia.com Published On :: Thu, 30 Apr 2020 23:31:09 +0000 Investors have shifted their focus and energy to stabilising their existing investment portfolio. The post Education deals in SEA put on the back burner amid virus crisis appeared first on DealStreetAsia. Full Article Actis Southern Capital Group Vietnam Investments Group (VI Group)
se Tokopedia says investigating alleged data leak of 91m users By www.dealstreetasia.com Published On :: Sun, 03 May 2020 16:41:33 +0000 A hacker has offered the details of its 91 million users for "$5,000 on the Darknet". The post Tokopedia says investigating alleged data leak of 91m users appeared first on DealStreetAsia. Full Article PT Tokopedia
se Indonesia’s GudangAda snags $25.4m led by Sequoia, Alpha JWC By www.dealstreetasia.com Published On :: Tue, 05 May 2020 06:07:29 +0000 Existing backer Wavemaker Partners also participated in the funding round. The post Indonesia’s GudangAda snags $25.4m led by Sequoia, Alpha JWC appeared first on DealStreetAsia. Full Article Alpha JWC GudangAda Sequoia India
se IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis By www.dealstreetasia.com Published On :: Wed, 06 May 2020 03:13:06 +0000 Pasarpolis raised a Series A funding round from unicorns, Gojek, Traveloka and Tokopedia, in 2018. The post IFC proposes $5m equity investment in Indonesian insurtech Pasarpolis appeared first on DealStreetAsia. Full Article International Finance Corporation (IFC) Pasarpolis
se Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services By www.dealstreetasia.com Published On :: Thu, 07 May 2020 00:42:07 +0000 There are several logistics deals in the pipeline that would likely be closed as early as by June. The post Indonesia’s B2C logistics startups see deal traction as demand soars for last-mile services appeared first on DealStreetAsia. Full Article ACVentures KarGo Sicepat Ekspres Waresix
se SEA digest: Indonesia’s Cashlez raises $5.8m in IPO; KB Kookmin Card to buy Thai firm By www.dealstreetasia.com Published On :: Thu, 07 May 2020 05:42:16 +0000 Cashlez will use the IPO proceeds to purchase a 61.31 per cent stake in IT solution provider Softorb Technology Indonesia (STI). The post SEA digest: Indonesia’s Cashlez raises $5.8m in IPO; KB Kookmin Card to buy Thai firm appeared first on DealStreetAsia. Full Article Cashlezz j fintech JMART kb kookmin card
se Indian, Chinese troops clash near Naku La in Sikkim sector By economictimes.indiatimes.com Published On :: 2020-05-10T10:54:02+05:30 "Troops resolve such issues mutually as per established protocols. Such an incident occurred after a long time," said a source. Full Article
se China reports first coronavirus case in Wuhan since April 3 By economictimes.indiatimes.com Published On :: 2020-05-10T10:57:39+05:30 While China had officially designated all areas of the country as low-risk last Thursday, the new cases according to data published on Sunday represent a jump from the single case reported for the day before. The number was lifted by a cluster of 11 in Shulan city in northeastern Jilin province. Full Article
se Five cities that contribute nearly 50% of total cases key to India's Covid success By economictimes.indiatimes.com Published On :: 2020-05-10T11:02:16+05:30 These five cities are important to contain the spread of the coronavirus and help India flatten the curve. The respective state governments should strengthen containment strategies and undertake rigourous testing and contact tracing to bring the situation under control. Full Article
se Gas leak and after: The misery continues for some By economictimes.indiatimes.com Published On :: 2020-05-10T11:52:31+05:30 Over 200 people were still undergoing treatment in the KGH, but their condition was said to be stable. Visakhapatnam district in-charge Minister K Kanna Babu, who visited the hospital and spoke to some of the victims, said all the patients were fast recovering. Full Article