India
The round also saw participation from Accion Venture Lab, and Saison Capital.
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
Singapore
He will be replaced by John Fang, who earlier served as the CEO of Foodpanda Taiwan.
The B2B products marketplace’s losses increased 12% during the year.
Malaysia
CARSOME said its consolidated revenue grew by 250% to $1.5b in 2022.
Greater China
J&T will have a market cap of $13.5 billion, lower than a $20 billion valuation in 2021.
The decision was part of the national budget announcements.
Existing investor Shanghai Healthcare Capital, a life science-focused investment firm, re-upped in the deal.
Vietnam
Kilo had raised funding from Altos Ventures, January Capital, Ascend Ventures Vietnam, among others.
Shiprocket turned unicorn after raising $33.5 million in a funding round in August last year.
Indonesia
The surprise ban throws a spanner in the works for its future in Indonesia as well as its ongoing IPO plans.