The LP View
First-time fund managers mopped up $963m in Jan-Sep this year, a 3x jump over the year-ago period.
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
More Stories
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
Deals
Manastu will use the investment to develop green propulsion systems for satellites, ranging from 100-500 kg.
Analysis
A weekly roundup of deals, fundings, earnings, and analyses of SE Asia’s startup ecosystem.
Venture Capital
Ola Electric was valued at $5.5b in Sept.
Of the four funds whose valuations were slashed, two are focused on India.
iPhones made in India will be sold in domestic and global markets.
Policy & Regulations
The incentives range from cashbacks to reward points, similar to those offered on credit and debit cards.
Neo raised $35m in a growth round from Peak XV Partners earlier this month.
Cornerstone Ventures and Capital2B led Blubirch’s funding round.
Wow! Momo kicked off its Series D round of $16m September last year.