Author: Deal Street Asia Online News

Asia Digest: Travello raises $5m; Shuttle nabs seed funding

Australian traveltech startup Travello announced raising $5 million in a Series A funding round, while Bangladesh ride-hailing firm Shuttle secures $750,000 in its seed round. Travello lands $5m Series A funding Australian travel social network startup Travello has raised $5 million in a Series A funding round backed by Flight Centre co-founder Jim Goldburg, former… Continue reading Asia Digest: Travello raises $5m; Shuttle nabs seed funding

SG dental product brand Zenyum raises $40m Series B led by L Catterton …

Singapore-based dental product brand Zenyum has raised $40 million in Series B funding led by L Catterton, according to a company announcement. The round was joined by existing investors Sequoia Capital India, RTP Global, Partech, TNB Aura, Seeds Capital, and FEBE Ventures. Zenyum was part of the inaugural cohort of Surge, an initiative by Sequoia… Continue reading SG dental product brand Zenyum raises $40m Series B led by L Catterton …

Top Glove said to delay $1b Hong Kong listing amid US ban quandary

Top Glove Corporation’s plan to list in Hong Kong to raise up to $1 billion has been delayed as the world’s largest rubber glove maker seeks to resolve a U.S. import ban on its products, sources with direct knowledge of the matter said. The Malaysian firm, which is already listed in Kuala Lumpur and Singapore,… Continue reading Top Glove said to delay $1b Hong Kong listing amid US ban quandary

PH food maker Monde Nissin debuts 0.14% lower after $1b IPO

Monde Nissin Corp saw it shares weaken 0.14% at the opening bell on its stock market debut on Tuesday, after the Philippine food maker raised 48.6 billion pesos ($1 billion) in the country’s largest-ever initial public offering (IPO). The IPO, Southeast Asia’s second-largest this year after the $1.8 billion IPO of Thailand’s PTT Oil and Retail Business PCL in February, heads a pipeline of Philippine share sales. “The new funding will enable us… Continue reading PH food maker Monde Nissin debuts 0.14% lower after $1b IPO

SG-based VC platform Hatcher+ launches $7.7m ANZ fund with Wholesale Investor …

Hatcher+, a Singapore-based venture investment platform, has teamed up with Australian private investment firm Wholesale Investor to launch a A$10 million ($7.7 million) venture capital fund that will invest in startups in Australia and New Zealand, according to an announcement. The fund seeks to invest in technology companies ranging from the formation stage through the… Continue reading SG-based VC platform Hatcher+ launches $7.7m ANZ fund with Wholesale Investor …

Heritas Capital secures first close for impact-focused Growth Fund III …

Premium Singapore-based private equity firm Heritas Capital has achieved the first close of its Growth Fund III at $60 million.  Heritas is the investment arm of shipping and industrial solutions provider IMC Group. The PE firm has secured commitments from Tsao Family Office, the investment vehicle for the family behind IMC. The fund is expected… Continue reading Heritas Capital secures first close for impact-focused Growth Fund III …

Line enters Indonesian digital banking game with Hana Bank partnership

Messaging service giant Line Corporation has rolled out a digital banking platform in Indonesia through a partnership with local lender Bank KEB Hana Indonesia, a subsidiary of South Korea’s Hana Bank. The launch of the platform is the much-anticipated result of a 2018 deal between the two companies, which saw Line, through its subsidiary LINE… Continue reading Line enters Indonesian digital banking game with Hana Bank partnership

Logistics firm Flash Express becomes Thailand’s first unicorn after raising $150m

Thailand-based Flash Express has raised a combined $150 million in its Series D+ and Series E rounds, the company said in a statement. The funding rounds valued the third-party logistics provider at over $1 billion, the company told DealStreetAsia without specifying the exact amount. This makes Flash Express Thailand’s first unicorn. Flash Express’ Series D+… Continue reading Logistics firm Flash Express becomes Thailand’s first unicorn after raising $150m

Ribbit Capital-backed Ajaib eyes depth in Indonesia’s stock investment game amid competition

Premium Indonesian online stock brokerage platform Ajaib Group, which raised $90 million in possibly the largest-ever Series A round by a Southeast Asian startup, is looking to go “really deep” in its fintech play that has attracted considerable interest from the country’s top unicorns. With only 1% of Indonesia’s over 260 million population investing in… Continue reading Ribbit Capital-backed Ajaib eyes depth in Indonesia’s stock investment game amid competition