World
Google is already an investor in Anthropic.
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
Seatrium has been working in partnership with Singapore’s Energy Market Authority.
Greater China
Alibaba, Tencent, and Xiaomi participated in the $300m Series A1 round.
Indonesia
eFishery plans to start commercial operations in India next year.
The surprise ban throws a spanner in the works for its future in Indonesia as well as its ongoing IPO plans.
India
BYJU’s has raised a mere $250m in 2023 so far, as against $1.05b last year.
Deal could value Microsoft-backed OpenAI at between $80-90b.
The company is seeking to fill sales, legal, and back office jobs in India.
Malaysia
Carsome is also ready for an IPO but is in no rush to list, said Eric Cheng.
The company has offered to repay $300m within three months.