Private Equity
Creador, through its fifth fund, invested $55m.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
More Stories
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
IPOs & Markets
Lotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Malaysia’s Etika Automotive.
Venture Capital
The round was backed by The Agribusiness Investment and Consultation Co, Spiral Ventures Asia Fund, and Beyond Next Ventures.
Policy & Regulations
Maybank and ADIA had subscribed to Adani Enterprises’ $2.45b secondary share sale recently.
Deals
Sea Ltd to widen its digital offerings and set up a new warehouse in Malaysia.
The company, founded in 2015, said its business is “no longer commercially viable”.
Kairos FoodTech Fund of Kairos Capital Group led the investment in WhyQ.
Analysis
Private funding for companies in SE Asia hit a two-year low in Q4 2022.
Accial Capital has backed several prominent startups in SE Asia, including Investree, Pinktek & Rainforest.
Singapore-based CardUp also has a presence in Malaysia and Hong Kong.
