The Netherlands-based venture capital firm Orient Growth Ventures is betting big on Southeast Asia and India, two regions it expects to grow rapidly over the next few decades. Smelling a strong opportunity here, the firm set up a fund-of-funds dedicated to these regions in 2019 and closed its first vehicle at $25 million in 2020. As… Continue reading The LP View: Orient Growth sees opportunities to connect Europe with SE Asia, IndiaThe firm sees these markets as offering the best opportunity to inv…
Author: Deal Street Asia Online News
India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Venture funding in Indian startups dipped marginally to touch nearly $1.3 billion in November, compared with $1.4 billion in the previous month, show proprietary data compiled by DealStreetAsia. Deal volume in November, though, moved in the opposite direction. There were 131 private equity and venture capital transactions in the month versus 87 transactions in October,… Continue reading India Deal Review: Indian startup fundraising dips a tad to $1.3b in Nov
Lazada receives another $342.5m capital infusion from Alibaba
E-commerce major Lazada’s Southeast Asian entity has received another $342.5 million in capital infusion from its parent company Alibaba, according to recent filings with Accounting Corporate and Regulatory Authority (ACRA) accessed by DealStreetAsia DATA VANTAGE. This brings the total investment made by Alibaba into the Southeast Asian e-commerce firm to $1.6 billion since the beginning… Continue reading Lazada receives another $342.5m capital infusion from Alibaba
Singapore’s Olam Agri secures $2b bridge financing for parent’s reorganisation
Singapore’s Olam Agri has secured a $2 billion bridge financing facility to support the reorganisation plan of its parent, Olam Group, the grains and animal feed trader said on Monday. Agri-business giant Olam Group announced its reorganisation plan in January 2020 to categorise its products under two operating businesses, with an intention to potentially spin out each unit and list them separately.… Continue reading Singapore’s Olam Agri secures $2b bridge financing for parent’s reorganisation
Indonesian tech giants move to new economy boardGoTo, Bukalapak, and Blibli are the members of the new board launched on Monday.
Indonesian technology giants Bukalapak, GoTo, and Blibli have migrated from the main board to the new economy board launched by the Indonesian stock exchange (IDX) on Monday. DealStreetAsia had earlier reported that the new economy board will launch on Dec 5, 2022. Clarifying that the new economy board is not intended to send out a… Continue reading Indonesian tech giants move to new economy boardGoTo, Bukalapak, and Blibli are the members of the new board launched on Monday.
Business groups attack Philippine president’s plan to set up sovereign wealth fund
Philippine business groups on Monday attacked a plan backed by President Ferdinand Marcos Jr. to establish a 275-billion peso ($4.9 billion) sovereign wealth fund. Relatives of Marcos in Congress last week filed a bill seeking to create the fund — one of his administration’s boldest economic plans to date. Opposition to the fund has since… Continue reading Business groups attack Philippine president’s plan to set up sovereign wealth fund
China Digest: Flexi Group to merge with SPAC; 3DSEMI raises $24m
Hong Kong-based workspace operator Flexi Group is going public through a merger with the blank cheque company TG Venture Acquisition. Separately, Guangzhou-based semiconductor packaging firm 3DSEMI has notched almost $24 million. HK’s Flexi Group to go public through SPAC merger Hong Kong-based workspace operator the Flexi Group is going public through a merger with global… Continue reading China Digest: Flexi Group to merge with SPAC; 3DSEMI raises $24m
Partech raises $127m for latest seed fund to invest in US, Europe & SE Asia
Global tech investment firm Partech Ventures has announced raising €120 million (about $127 million) for its fourth seed fund that will invest in Europe, the US, and Southeast Asia. The latest fund, Partech Entrepreneur IV, will invest at pre-seed and seed stages in about 50 startups as a lead investor or co-investor, with initial cheques… Continue reading Partech raises $127m for latest seed fund to invest in US, Europe & SE Asia
Asia Digest: VinFast’s Europe foray, STACK and ESR extend partnership to JapanVinFast has officially opened stores in Cologne, Germany and Paris, Fran…
Vietnamese carmaker VinFast has opened two stores in Europe marking its foray into the continent. In a separate development, US-based STACK Infrastructure has extended its partnership with asset manager ESR after announcing a joint venture to develop a data centre campus in Osaka. VinFast drives into Europe Vietnamese electric carmaker VinFast has officially opened its… Continue reading Asia Digest: VinFast’s Europe foray, STACK and ESR extend partnership to JapanVinFast has officially opened stores in Cologne, Germany and Paris, Fran…
Chinese snack maker Weilong Delicious seeks to raise up to $141m in Hong Kong IPO
Chinese spicy snack food maker Weilong Delicious Global is aiming to raise up to $141 million in a Hong Kong initial public offering launched on Monday, well below its initial target of about $1 billion. The company is selling 96.39 million shares in the range of HK$10.40-11.40 each, according to its listing documents. In that… Continue reading Chinese snack maker Weilong Delicious seeks to raise up to $141m in Hong Kong IPO