New funding round likely to take Indonesia’s Sorabel to profitability, says CEO

Sorabel CEO Jeffrey Yuwono says the company has closed “some commitments” for its new round.

Venture Capital

Endeavor Global to hit first close of third global fund of up to $150m by Sept

The fund has secured capital commitments of about $40 million so far.

IFC proposes $150m investment in bond issue of Thai bank Krungsri

Krungsri is 76.88 per cent owned by Japan's MUFG Bank.

SG’s Razer posts narrower losses during first half this year, but cash burn deepens

India: Amazon to buy 49% stake in Kishore Biyani’s Future Coupons

Private Equity

[Updated] HK’s PAG to raise over $2b for eighth opportunistic realty fund

SCREP VII will continue to invest around 60 per cent in Japan.

Fund managers ramp up focus on SE Asia’s frontier markets, eye mid-market deals

Countries such as Myanmar, Vietnam and Thailand are increasingly evincing investor interest.

S Korean asset manager starts equity fund for locals amid anti-Japan movement

NH-Amundi Asset Management's fund will invest in local suppliers that may benefit from Japan’s restrictions on exports.

Venture Capital

Endeavor Global to hit first close of third global fund of up to $150m by Sept

The fund has secured capital commitments of about $40 million so far.

Enterprise cloud platform Zenoti snags $20m from US hedge fund Steadview

The additional funding will be used to expand the company's presence in the U.K. and bolster its global marketing efforts.

Malaysia’s Nexting Ventures launches with $380K angel funding

Going forward, Nexting Ventures plans to incubate ten projects worth about $2.39 million.

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Q & A

New funding round likely to take Indonesia’s Sorabel to profitability, says CEO

SE Asia-focused Access Ventures targets second fund at $50m

DSG Consumer Partners nears final close of third fund at $65m hardcap

Food-tech in India is in early stages and has a long way to go, says Naspers Ventures’ Ashutosh Sharma

Deals

India plans to launch Bharatcraft portal, its own version of Alibaba, Amazon

The Modi government is planning to launch its own version of an e-commerce portal.

IFC proposes $150m investment in bond issue of Thai bank Krungsri

Krungsri is 76.88 per cent owned by Japan's MUFG Bank.

India: Amazon to buy 49% stake in Kishore Biyani’s Future Coupons

The deal gives Amazon the call option to acquire all or part of promoter shares in Future Retail.

IPOs and Markets

Battle for Aramco IPO intensifies as exchanges vie for supremacy

Saudi Arabia expects to raise as much as $100 billion in proceeds.

India: IRCTC files for IPO, eyes to raise up to $85.71m

The government plans to reduce its stake in the company by about 12.5 per cent.

China’s Alibaba said to postpone Hong Kong listing amid protests

The e-commerce company's Hong Kong listing was slated to take place in August.

Opinion

Slowing pace of unicorns and lack of rich backers make Masa’s visionary sequel a lot less compelling

Alibaba’s financial superstar Ant is shining once more

WeWork takes the startup-mania era to its logical extreme

OCBC bid for Indonesia’s Permata Bank may hinge on Jakarta’s blessings

Policy & Regulations

Indian market regulator Sebi relaxes FPI rules, share buyback norms

FPIs have been withdrawing from Indian equities after the finance minister introduced higher tax surcharge on the super-rich in the budget in July.

India needs to boost e-commerce to help small businesses, says Amazon exec

India revised its e-commerce rules in early 2019, creating hurdles for Amazon and Flipkart.

GOJEK, Dego Ride get approval to offer bike-hailing services in Malaysia

GOJEK founder Nadiem Makarim and president Andre Soelistyo had met Malaysia PM Mahathir Mohamad earlier this week.

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