Analysis
The Philippines is the third market for Paywatch, which has a presence in Malaysia and South Korea.
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
Venture Capital
Philippines-focused private equity firm Navegar led the funding
Experts had raised concerns regarding the Maharlika Investment Fund’s transparency and governance structure.
Deals
Lamudi Indonesia was acquired by Dubizzle Group in 2020.
Gentree Fund, Foxmont Capital, and Kaya Founders also participated in the round.
A comprehensive view of significant private market developments in Asia in the week that went by.
The company has decided to terminate the services offered to clients in the Philippines.
Metaverse builder UTown has secured fresh capital from existing and new investors.
This edition features analytical pieces on financials filed by several SE Asian startups.
Earnings and Results
Group says 2022 was an “important investment year” as it launched its digital lender Maya Bank.