LATEST INSIGHT

Category: Asia-Pacific

November 27, 2020
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4min00
Evergrande Property Services Group’s Hong Kong IPO priced at the lower end of expectations raises $1.8 billion the tepid demand underscoring concerns about the financial health of its debt-laden parent. Evergrande Property Services Group’s Hong Kong IPO priced at the lower end of expectations raises $1.8 billion the tepid demand underscoring concerns about the financial […]

November 26, 2020
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2min00
VC arm of Indonesia’s state-owned Bank Rakyat BRI Ventures has announced the first close of its Sembrani Nusantara fund at IDR150 billion (US$10.62 million) in a press statement. Participating investors include Grab, Indonesian VC firm Celebes Capital, Fazz Financial Group, the fintech P2P platform Investree, and serial investor Pandu Sjahrir. According to the statement IDR150 […]

November 26, 2020
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2min00
The corporate venture arm of state-owned Telkom Indonesia, MDI Ventures has partnered with fintech-focused VC firm Finch Capital to launch a new early-stage investment fund name Arise according to press statement. According to the statement, Arise fund will be run under a joint venture by the two founding firms and will aim to invest in […]

November 26, 2020
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1min00
Philippine-based proptech startup AQWIRE has announced it has raised US$2.1 million in a Series A round of funding in a press release. The round of financing was led by Spiral Ventures. Other participating investors include Singapore-based Gentree, PropertyGuru’s original investor Vulpes, Hong Kong’s Betatron Venture, and Steve Melhuish, Co-founder of PropertyGuru. The newly acquired capital […]

November 25, 2020
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2min00
Kredivo, an Indonesia-based digital credit platform, disclosed it has secured a credit line funding of US$100 million from US-based investment company Victory Park Capital (VPC). This credit line is the largest in Kredivo’s history and within the fintech industry in Southeast Asia, it said in a press note. The funding also marks VPC’s inaugural investment […]

November 25, 2020
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3min00
Pulsifi, a Singapore and Malaysia-based HR tech startup, attracts US$1.8 million in an angel round. Investors such as Kairous Capital; Aaron Chen, Founder of KVC group of companies; and Rajesh Lingappa, Co-founder & Former CTO of RedMart, joined the round. As per a press release, this investment brings Pulsifi’s total funding to US$4 million. The […]

November 25, 2020
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3min00
The-Wolfpack, an early-stage startup fund in the direct-to-consumer (D2C) sector, has announced its launch in Singapore. The VC firm will look to invest in startups in the consumer goods, leisure and media sectors, who require strategic capital to drive growth across SEA and Australia Christened ‘The Wolfpack Pioneer VCC’, the US$5 million debut fund is focussed on […]

November 24, 2020
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2min00
Philippines-based IP E-Game Ventures’ subsidiary New Wave has signed announced it has signed an agreement with Malaysia’s boutique investment firm Emissary Capital to launch a US$50-million fund to invest in ASEAN startups in a press statement. The fund which has been dubbed Emissary Capital Growth Fund 1 aims to strengthen collaboration between startups in the […]

November 24, 2020
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2min00
The Chinese Uber for trucks Manbang announced that it has raised $1.7 billion in its latest funding round, two years after it hauled in $1.9 billion from investors including SoftBank Group and Alphabet Inc’s venture capital fund CapitalG. The latest financing again attracted high-profile backers, including returning investors SoftBank Vision Fund and Sequoia Capital China, Permira and Fidelity, a consortium that […]

November 23, 2020
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3min00
  Sleek, the corporate services platform that helps entrepreneurs launch and run new companies in Singapore and Hong Kong, has raised $4 million. The new funding was led by SEEDS Capital, the investment arm of government agency Enterprise Singapore. Returning investors MI8 Limited and Pierre Lorinet also participated, along with Singapore Fintech Association co-founder Varun […]

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