Photo: DEALSTREETASIA Sequoia Capital, the venture firm renowned globally for backing generations of unicorns from their early stages, is now looking to play more actively at the seed stage as well.
Singapore-headquartered digital entertainment company POPS WORLDWIDE on Thursday said it is targeting to raise $50 million in a Series D funding round in 2021 to drive its growth strategy. POPS raised a $30-million funding round in 2019 led by Mirae Asset–Naver Asia Growth Fund and Seoul-headquartered private equity firm EastBridge Partners. To date, the entertainment […]
Photo: Pixabay Singapore-based W Capital Markets Pte Ltd, a corporate finance firm, has completed its Series A fundraising round from Thakral Corporation, while Gojek Vietnam has launched a project to empower micro-entrepreneurs in the digital economy. SG’s W Capital Markets raises Series A from Thakral W Capital Markets Pte Ltd, a corporate finance firm, has […]
Una Brands Co-Founders (left-to-right) : Tobias Heusch, Kiren Tanna, and Kushal Patel. Una Brands, a Singapore-based startup co-founded by Kiren Tanna, the founder of Foodpanda and ZEN Rooms, announced raising $40 million in a seed round backed by global investors including 500 Startups, Kingsway Capital, 468 Capital, President Capital, and Global Founders Capital. The startup […]
Big Idea Ventures portfolio company Hooked offers plant-based tuna and fish. Photo: Hooked website Temasek-backed Big Idea Ventures has hit the $50 million final close of its debut alternative protein fund. The food tech investor closed the New Protein Fund 1 in March this year, according to its founder and managing general partner Andrew Ive.
Indonesian robo-advisor app Bibit.id has raised $65 million in a fresh funding round led by Sequoia Capital India, DealStreetAsia has learnt.
Near founder and CEO Anil Mathews Fresh off the acquisition of US-based location data company UM, data intelligence startup Near is in talks to raise fresh capital to bankroll its global ambitions and propel it into the unicorn club.
The Jungle Ventures team International Finance Corporation (IFC), a member of the World Bank Group, is considering a $25-million investment in the fourth Southeast Asia fund of Singapore-based venture capital firm Jungle Ventures, according to a disclosure.
ResearchPremium Mortgage Master, a Singapore-based mortgage brokering platform, announced raising S$928,000 ($700,000) in a pre-Series A funding round led by private angel investor Woon Young Jeong. Continue reading this report with a DSA Research and Analytics subscription. Subscribe Already a subscriber? Log in Contact us for corporate subscriptions at email@example.com.
Visual from UrbanClap website India’s home services startup Urban Company has become a unicorn after raising $190 million in a Series F funding round led by venture capital firm Prosus Ventures (formerly Naspers Ventures), according to an Entrackr report. Prosus Ventures, a unit of Amsterdam-listed internet company Prosus, chipped in $61.93 million of the total […]
Visual from POC Pharma‘s website. Vietnam and Hong Kong-based pharma industry-focused SaaS firm POC Pharma has closed a $4.5-million seed funding round, marking one of the biggest rounds at that stage in the country. Germany-based Picus Capital, US-based FJ Labs and Goat Capital, Vietnam-focused VC firm Febe Ventures, 500 Startups and angel investors participated in […]
SHANGHAI — Shanghai-based semiconductor company Innostar has raised nearly $100 million in a Pre-A financing round led by returning backer Shanghai Lianhe Investment. New Alliance, a 10 billion yuan ($1.5 billion) fund that targets technology, media, telecom and health care, also reinvested. New investors included state-backed Atlas Capital and KQ Capital, Innostar said in a […]
HANOI — Dutch development bank FMO has approved a $50 million investment in Bangladesh-based microfinance lender BRAC. BRAC has a microfinance loan portfolio of $3.2 billion and serves more than 7.4 million customers in more than 69,000 villages, according to an FMO disclosure. BRAC focuses on primary education, essential health care and agricultural support, along […]
JAKARTA — Indonesian B2B commerce company Sinbad is set to close a funding round of about $15 million to $20 million as it seeks to bolster its position in the competitive supply chain business, DealStreetAsia has learned. Founded in 2018, Sinbad provides a platform for retailers and merchants to place orders directly with principal manufacturers […]
JAKARTA — Halodoc, an Indonesian health-tech platform, was forced to shut down one of its business units that had been hit by the COVID-19 pandemic, a top company executive told DealStreetAsia. The unit, Halodoc Goes to Hospital (HG2H), was in the business of drug delivery. It partnered with private and public hospitals and delivered medicines […]
JAKARTA — The Sharia-compliant peer-to-peer (P2P) lender ALAMI Technologies has acquired a Sharia rural bank, BPRS Cempaka Al-Amin, in Indonesia, three people familiar with the matter told DealStreetAsia. The sources said the total transaction value was less than $10 million. “The acquisition is aimed at expanding their services,” said one of the sources, who did […]
KUALA LUMPUR — Malaysia Debt Ventures (MDV), a state-owned financier of technology and green startups in the country, and Kenanga Investment Bank on last Wednesday announced the creation of a fintech fund, with a target size of 300 million ringgit ($73 million). The new vehicle seeks to support the growth of fintech companies and develop […]
KUALA LUMPUR — Malaysian private equity firm Creador, which launched its fifth fund last month, expects it to secure $600 million in its first close, said founder and CEO Brahmal Vasudevan. “[We expect] the first close in July. There is excellent demand. All existing investors [from previous funds] have re-upped [in the latest vehicle],” he […]
CEBU, Philippines — Philippine livestreaming app Kumu is said to be finalizing a $15 million Series B funding round led by return investor Openspace Ventures, multiple sources have told DealStreetAsia. The sources said a “blue chip” strategic investor is also participating in the round. Endeavor Philippines, an affiliate of the nonprofit group Endeavor Global, is […]
Japan’s ecosystem is evolving. However, the government, investors, and corporates are ‘still looking at how to better involve themselves,’ says Ode.
The SEC is scrutinizing SPACs, but Grab is about to get its show on the road.
US private equity group to target consumer businesses and carve-outs.
Two to three billion-dollar startups will emerge in the next five years on the back of growth in Indonesia’s tier-2 and tier-3 cities.
The 11 new companies cover a range of industries, helping Accelerating Asia grow in the region through partnerships with governments and investors.
Our case study in episode 5 looks at how a domestic brand grew with evolving consumer trends and rose to the top. Will it stay at no.1 and keep P&G and Unilever at bay?