Analysis
The e-Conomy SEA 2024 report by Google, Temasek, and Bain focuses on profit metrics for the first time.
Venture Capital
The firm closed Fund II at $225 million in 2021 and Fund III at $650 million in 2022.
Within early stage, pre-seed and seed-stage funding performed better both in terms of value and volume.
1
Singapore's Dyna-Mac founder accepts S Korean Hanwha's revised buyout bid
2
SE Asia's digital economy poised to hit $11b profit, $263b GMV in 2024: Report
3
AI startup Physical Intelligence raises $400m from Bezos, OpenAI, others at $2b valuation
4
Data Vantage: DALI, CompAsia, Pallav and GlobalTix in focus
5
SG digital financing platform Validus cuts losses on higher revenue in 2023
More Stories
Top Asia PE partners from CPP Investments, TPG NewQuest on the move
INA, Granite Asia launch $1.2B tech investment partnership
VC investments in Singapore nosedive in 9M 2024
Temasek in talks to re-up in Indian rural lending startup SarvaGram
The LP View: Asian LPs demand deeper insight into sustainability practices, says QIC
Earnings and Results
Deals
Private Equity
(View all)
The Daily Brief
Significant headlines from the last 24 hours.
DATA VANTAGE newsletter
Cap table and financial updates from regulatory filings.
The Week That Was
Award winning newsletter. Recaps the week.
Singapore
This transaction marks CVC DIF's inaugural investment in Asia.
The investment will see CLA acquire similar companies in SE Asia.
World
If the talks are successful, a deal could be finalised in the coming weeks.
India
In Jan. 2023, Temasek had participated in SarvaGram's $35m Series C round.
Greater China
Taiwan Life committed $30 million to Global Infrastructure Partners V-C.
Hefei Industry Investment Group, Kaisheng Group backed the Chinese battery maker.
Brookfield Asset Management could own 100% of the asset management business.
VC firms Thrive Capital and Lux Capital also participated.
It expects nearly 200,000 cars to be equipped with its advanced assisted driving system on Chinese roads.
Z Fund invests in upstream and downstream innovations and emerging use cases of LLMs.
This is the first investment from ewpartners's $1b, second growth-stage fund.
Startups headquartered in mainland China, Hong Kong, Taiwan, and Macau raised $12.69 billion in Q3.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Indonesia
Retail chain DALI Stores received $10 million from ADB last week.
Campana Group issued shares worth $16.6 million last week to existing shareholders.
Marketnode received capital from Euroclear last week.
Waste management firm Ideation3x has issued fresh shares to Unison Capital and others.
Rest of Asia
Several variables make online gambling difficult to eradicate in Indonesia, experts say.
Validus as a group posted a 42% increase in revenue in 2023 to $14.74 million.
For 9M 2024, too, losses fell 33% to $110m.
Vietnam
It reported an adjusted operating profit of $16.7m, compared with a $4.8m loss a year ago.
The Ecommerce enabler restated its profit of $3.4m for 2022, to a loss of $16.2m.
The company will focus on Mitra Bukalapak, gaming, investment, and certain retail services.
Chua Hsien Yang will replace Koh Wee Lih.
CPPIB's head of Asia private equity has left the organisation.
He will be joining as CEO of GFTN, a finance and tech network launched by MAS.
Philippines