Speedoc, a Singapore-based digital health platform backed by Vertex Ventures Southeast Asia and India, has raised $17.5 million in fresh funding, according to ACRA filings accessed by DealStreetAsia – DATA VANTAGE. ACRA filings only reflect the equity funding received so far in a round and the overall funding round could be larger and/or have other… Continue reading Vertex-backed digital health platform Speedoc scores fresh funding
Author: Deal Street Asia Online News
How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Indonesia-listed tech giant GoTo can be a wealth creator or wealth eroder, depending on whom you ask. For state-owned Telkom Indonesia, for instance, its two-year-old investment in ride-hailing giant Gojek resulted in unrealised losses of 3.06 trillion rupiah ($200 million) for the period Jan-Sept 2022 (9M 2022), according to the telecom company’s latest earnings. Go… Continue reading How Astra realised gains on its GoTo investment but Telkom Indonesia could not
Asset managers PineBridge, Man Group increase China exposure on reopening hopes
Asset manager PineBridge Investments’ multi-asset team has sharply raised its China equity exposure and rival Man Group expects to expand its presence in the country with expectations that strict COVID rules will be eased. Chinese markets roared higher and the yuan rose on Friday, with about a trillion dollars added to the value of Chinese stocks in… Continue reading Asset managers PineBridge, Man Group increase China exposure on reopening hopes
India Deal Review: Startup fundraising rises 37% in Oct to $1.4b
Fundraising by Indian startups touched $1.37 billion across 87 private equity and venture capital transactions in October, registering a growth of about 37% over September, according to proprietary data compiled by DealStreetAsia. Deal value increased on the back of big-ticket deals, despite deal volume falling 23% from 115 in September. Go to Source
Temasek-backed Temus scouting for M&A deals to push growth, says CEOA small team allows cross-pollination of ideas that can possibly yield the best re…
Singapore’s Temasek-backed Temus is gunning for growth via mergers and acquisitions (M&As), CEO Yeoh Keat Chuan told DealStreetAsia during a recent interaction. As part of the strategy, Temus acquired Singapore-headquartered digital transformation firm Dreamcloud in September to strengthen its app development practices and tech modernisation. Dreamcloud’s employees have since joined the Temus team, with Lim… Continue reading Temasek-backed Temus scouting for M&A deals to push growth, says CEOA small team allows cross-pollination of ideas that can possibly yield the best re…
Bukalapak sees 25-year runway, no need for fundraisingThe firm had raked in $1.52b from its IPO in August last year.
Indonesian listed technology group Bukalapak has enough cash to cover its operations for the next 25 years on the back of efficient cost management and improving performance, a senior executive said on Friday. “At this time, with the current cash position, we don’t see the need for fundraising at all — maybe ever,” Teddy Oetomo,… Continue reading Bukalapak sees 25-year runway, no need for fundraisingThe firm had raked in $1.52b from its IPO in August last year.
Indonesian digital lender Neo Commerce targets first full-year profit next year
Indonesian digital lender PT Bank Neo Commerce (BNC) expects to book its first full–year profit next year since launching its online services in 2021, its president director said, even as lenders in the sector compete to offer high deposit rates to lure customers. Southeast Asia’s biggest economy has seen double-digit growth in digital banking transactions in the past few years with transactions in 2022 set to grow 30% to 53,144… Continue reading Indonesian digital lender Neo Commerce targets first full-year profit next year
Twitter temporarily shuts offices as layoffs begin
Twitter Inc temporarily closed its offices on Friday after telling employees they would be informed by email later in the day about whether they are being laid off. The move follows a week of uncertainty about the company’s future under new owner Elon Musk. The social media company said in an email to staff it would tell them by 9… Continue reading Twitter temporarily shuts offices as layoffs begin
MoneySmart to enter reverse takeover merger with SGX-listed Asia Pacific Strategic InvestmentsMoneySmart will hold 75.8% of the combined entity upon c…
Singapore-based personal finance platform MoneySmart is entering into a reverse takeover merger with Singapore-listed hotel operator Asia Pacific Strategic Investments (APS), according to a stock exchange filing on Thursday. MoneySmart will hold 75.8% of the combined entity upon completion of the merger, while APS will relinquish and dispose of its real estate business, which was… Continue reading MoneySmart to enter reverse takeover merger with SGX-listed Asia Pacific Strategic InvestmentsMoneySmart will hold 75.8% of the combined entity upon c…
China’s Welion snags $206m in a Series D round to expand its production lineThe round was led by Mixed Ownership Reform Fund.
China’s solid-state lithium battery developer Welion has notched 1.5 billion yuan ($206.1 million) in a Series D round led by Mixed Ownership Reform Fund, a national fund that sets out to support mixed-ownership reforms of state-owned enterprises (SOEs). The net proceeds will help the Beijing-headquartered company speed up its production line expansion, as well as… Continue reading China’s Welion snags $206m in a Series D round to expand its production lineThe round was led by Mixed Ownership Reform Fund.