Q & A
The lender expects to do more direct investments in startups through its CVC unit.
Gapo will receive a capital injection of $22 million from G Capital for its first phase of development.
Trusting Social snapped up $25 million in seed and Series A rounds from Sequoia Capital, 500 Startups and BeeNext.
The cash transaction is expected to be completed by the end of this year.
VDS aims to have 26 million subscribers under the VDS ecosystem and 600,000 payment service points by 2025.
Vungle helps mobile application developers monetise their apps through innovative in-app ad experiences.
The investment will also see FPT deepen its presence in Southeast Asia’s smart home market.
The sale drew interest from potential buyers who ultimately baulked at the franchise's NZ$120-million ($80.26 million) price tag.
The firm is said to target $300 million for a USD-denominated portion of the fund.
The two investors have also agreed to buy an additional 14 hectares of land for the estate.
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