India
Manastu will use the investment to develop green propulsion systems for satellites, ranging from 100-500 kg.
PE giant KKR to invest $400m in Malaysian subsea cable services provider OMS Group
DEG commits $25m loan for Silver Dragon Water Supply Group
Chinese coffee chains see Japan as key testing ground ahead of global expansion
Tech-enabled B2B commerce struggles to survive in Indonesia, Vietnam but hope lingers on
Indonesian investment firm Saratoga seeks to build a more sustainable portfolio
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Editor’s take: The week that was—Oct 23-28
GoTo-backed digital lender Bank Jago’s profit jumps 24% in 9M 2023
Sequoia Capital marks up the value of 15 funds, writes down four
With funding in purse, From This Island joins starry lineup of beauty brands in Indonesia
SE Asian venture funding in Jan-Sept 2023 retreats below pandemic levels
Greater China
3H Health Investment, OrbiMed Healthcare Fund Management, and Elikon Venture joined the round.
The financing also saw participation of Y Combinator and Liquid 2 Venture, 8vdx and angels such as Garry Tan.
Singapore
BEENEXT, VinaCapital Ventures, and Gobi Partners invested in Protos’ seed round.
Stilt Studios will use the fresh capital for its international expansion.
The round also saw participation from Accion Venture Lab, and Saison Capital.
Monolith, an investment company spearheaded by ex-partners of Boyu Capital and HongShan, led the round.
Lumis Partners, which anchored Age Labs in 2019, also participated.
Shiprocket turned unicorn after raising $33.5 million in a funding round in August last year.
Aampe’s funding round was co-led by Matrix Partners India and Peak XV Partners.
