Venture Capital
Deal value fell 24% due to a continued shortage of big-sized transactions.
India: Lodha Group's Macrotech Developers plans $450m share sale
Indonesia plans IPOs for state energy firm Pertamina's two units next year
SEA Digest: SG-based Glints announces layoffs; Indonesia's Hijra Bank launches mobile banking app
Indonesian agritech firm Sayurbox cuts 5% workforce
India Digest: Moglix eyes $100-150m funding; Investcorp may invest in Wakefit
More Stories
Lazada receives another $342.5m capital infusion from Alibaba
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Ozi Amanat’s K2 Global raises $300m to invest in tech startups
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
Why Chinese e-commerce giant JD is struggling to stay afloat in Indonesia
Q & A
Animoca Brands is the most prolific investor in Southeast Asia’s blockchain gaming space.
Deals
Pixelynx had raised a seed funding round led by Animoca Brands in Dec 2021.
The fund is anchored by alternative investments firm Sun Hung Kai, an existing investor.
The firm will use the proceeds to upgrade its technology platform as well as for team expansion.
Analysis
The firm raised over 300m yuan ($46 million) in a Series C round in August 2021.
It snapped a strategic investment from Cypress Capital in a Series A round in July 2020.
Unicorns
This brings Alibaba’s total investment in Lazada so far this year to more than $1.6b.
IPOs & Markets
The IPO is the second largest in Hong Kong in 2022.
Flexi Group plans to merge with TG Venture Acquisition and list on the Nasdaq.
