Malaysia
The deal is expected to be completed by Q1 2024, subject to customary closing conditions.
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
MDV is working on a SAFE programme for startups, says CEO Nizam Mohamed Nadzri.
India
Manastu will use the investment to develop green propulsion systems for satellites, ranging from 100-500 kg.
Ola Electric was valued at $5.5b in Sept.
iPhones made in India will be sold in domestic and global markets.
Indonesia
Drive lah had raised $3.2m in a pre-Series A round in 2021.
It will look for opportunities in other asset classes and focus on portfolio management in the coming year.
Cornerstone Ventures and Capital2B led Blubirch’s funding round.
Wow! Momo kicked off its Series D round of $16m September last year.
Rest of Asia
Better Bite Ventures invested in Fattastic Technologies, Pivot Eat, and Everything But.