MDV is working on a SAFE programme for startups, says CEO Nizam Mohamed Nadzri.
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
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
KIP Southeast Asia Venture Fund I has attracted institutional investors across South Korea, HK, and SG.
Ola Electric was valued at $5.5b in Sept.
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.
Up to 30% of the fund’s investment will be exclusively allocated to Indonesia.
Neo raised $35m in a growth round from Peak XV Partners earlier this month.
Rest of Asia
Better Bite Ventures invested in Fattastic Technologies, Pivot Eat, and Everything But.
The fresh commitment brings the firm’s total AUM to $850m.
The round was led by existing investor Blackbird Ventures.