Analysis
Several startups in the region are reportedly struggling to keep their bottom lines intact.
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
The company has become more selective with its investments in tech companies.
Venture Capital
KIP Southeast Asia Venture Fund I has attracted institutional investors across South Korea, HK, and SG.
A weekly roundup of deals, fundings, earnings, and analyses of SE Asia’s startup ecosystem.
Deals
The beauty care brand is said to have received investment from Alpha JWC Ventures.
Earnings and Results
The ban on TikTok did not affect Bukalapak’s traffic.
The company is cashflow positive thanks to proceeds from the disposal of long-term investments.
Bank Jago’s customers more than doubled to over 9m in Q3 2023 from 4.2m in Q3 2022.
Drive lah had raised $3.2m in a pre-Series A round in 2021.
Tencent and Temasek subsidiary Dahlia were among the IPO’s cornerstone investors.