India Editor. I head the editorial team for coverage of venture capital and private equity deals in the world's third-largest startup ecosystem.
International Finance Corp., the private lending arm of the World Bank, has proposed lending up to $75 million to Triconboston Consulting Corporation (Private) Limited, a Pakistan-based energy company. Triconboston is raising funds for a project that involves development, operation and maintenance of a 147.9 MW greenfield wind power project in Pakistan, consisting… Read more »
IFC has previously invested in similar sectors around the world. In Southeast Asia, it recently invested in Vietnamese animal feed firm Anova, and Bel Ga’s poultry project in Myanmar. Other companies such as Netherlands-based De Heus, a global leader in the animal feed business, has invested euro 10 million ($11.2 million) in a greenfield production facility in frontier market Myanmar.
Collaboration between fintech startups and traditional banks is surging: Mario Aquino, McKinsey Ventures
Fintech players born to disrupt traditional banking are now more open to partnering with the same banks to benefit from complementary assets, says Aquino
Fintech companies have brought technology-driven platforms, including big data and analytics, open architecture, and are customer centric, nimble and agile, and are always innovating and experimenting, said Gupta at the Dealstreetasia PE-VC Summit 2016.
“Given the region’s overall size, attractive demographics and lack of intense competition — at least to the degree we have witnessed in other geographies — we are excited about the opportunities ahead of us.”
Singapore-based InstaRem, an Asia-focussed transfer service, recently raised $5 million Series A round led by Vertex Ventures, with participation from Fullerton Financial Holdings and Global Founders Capital.
EDBI and Hewlett Packard Enterprise have participated in a $40 million Series D investment in Shape Security.
This round also includes contributions from other existing investors including NTT Finance, the financial arm of Japanese telecommunications company Nippon Telegraph and Telephone Corporation, Nexus Venture Partners and Tenaya Capital.
“We have been putting more and more money in the Southeast Asian nations particularly, Vietnam, Philippines and Singapore those are the three that stand out in this stage of the game,” Mobius said.
“There has been some slowdown in late stage capital but seed and series A capital is pretty much at the same clip as before. The ebb and flow of the current business climate is not really connected to the need for capital over a longer period.”