Amid speculation that Chinese e-commerce giant JD could be looking at a potential exit from Indonesia and Thailand as early as Q1 next year, industry experts indicated that excessive focus on quality and lack of a competitive edge could be hurting its business in Southeast Asia’s largest economy. Ming Yii Lai, a senior consultant at… Continue reading Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
Author: Deal Street Asia Online News
India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Sequoia India-backed online gaming platform Mobile Premier League (MPL) recorded a 29% increase in group revenue in the financial year ended March 31, 2022, according to its latest regulatory filings. The company narrowed its total comprehensive loss slightly to $195.2 million from $199.5 million a year ago, its filings with Singapore’s Accounting and Corporate Regulatory… Continue reading India’s Mobile Premier League reports 29% revenue surge in 2021 as losses narrow
Australia’s Mandalay Venture Partners hits $10m first close of debut Asia agrifood fund
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UK-based asset manager ICG appoints APAC infrastructure investment teamThe team comprises five people based in Singapore and Sydney.
UK-based alternative asset manager ICG has formed an Asia-Pacific infrastructure equity team focusing on mid-market transactions, corporate-led deals, and scaling platforms, per an announcement. The new team, comprising five investment professionals based in Singapore and Sydney, will be led by Devarshi Das as managing director and head of Asia-Pacific Infrastructure Equity, the firm said. Prior… Continue reading UK-based asset manager ICG appoints APAC infrastructure investment teamThe team comprises five people based in Singapore and Sydney.
Temasek-backed Singapore logistics firm Haulio buys Indonesian peer Logol
Singapore-based Haulio has acquired the Jakarta-based logistics platform Logol, DealStreetAsia has learnt. The deal size is estimated to be less than $10 million, according to sources aware of the development. TechinAsia was the first to report, on Tuesday, the news of the acquisition. Go to Source
India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
RENEE Cosmetics has raised $25 million in a Series B round led by Evolvence India, while fashion platform Virgio has raised $10 million in an extended Series A round from Prosus Ventures. Evolvence India backs RENEE Cosmetics Makeup brand RENÉE Cosmetics on Tuesday said it has raised $25 million in a Series B funding round… Continue reading India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
Paywatch, an earned wage access (EWA) service provider in Malaysia and South Korea, announced raising $9 million in a pre-Series A funding round anchored by existing investor Third Prime. The round comes less than a year after the startup raised $5.2 million in a seed round backed by Third Prime, SparkLabs, Won & Partners, and… Continue reading Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
Hong Kong’s E15VC closes third fund at over $60m to focus on global deep techThe fund is anchored by alternative investments firm Sun Hung Kai, an exi…
Hong Kong-headquartered venture capital (VC) firm E15VC has closed its third fund at $60.75 million, which will focus on global deep-tech investments, according to a company announcement on Tuesday. The fund, which has a 10-year life, is anchored by Hong Kong’s alternative investments firm, Sun Hung Kai (SHK) & Co, which invests in public markets,… Continue reading Hong Kong’s E15VC closes third fund at over $60m to focus on global deep techThe fund is anchored by alternative investments firm Sun Hung Kai, an exi…
Indonesia’s SWF, Danish fund IFU ink $500m pact to support impact investments
Sovereign wealth fund Indonesia Investment Authority (INA) on Tuesday signed an agreement to explore investment opportunities with the Danish Investment Fund for Developing Countries (IFU) in impact investing areas such as renewable energy and waste management in the archipelago. The joint investment is expected to reach up to $500 million over a few years with… Continue reading Indonesia’s SWF, Danish fund IFU ink $500m pact to support impact investments
Accel, B Capital invest in Accacia and India deals worth $295m
Accacia, a decarbonisation platform focused on the real estate and infrastructure sectors, Tuesday announced that it has raised $2.5 million in its seed funding round led by Accel and B Capital. Blume Ventures, Good Capital, Zerodha’s Rainmatter Fund and Canada-based Loyal VC, along with several leading angels, also participated in the round, the startup said… Continue reading Accel, B Capital invest in Accacia and India deals worth $295m