It is in talks with Indonesian VCs to explore co-investments beyond the pre-seed stage level.
Editor’s Take: The week that was – October 14-18
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Singapore: Insignia Ventures Partners raises $200m for second fund
TAEL Partners-backed EQuest Education has invested an undisclosed sum in Vietnam-based edtech startup 789.vn.
IPOs & Markets
The three-year-old main index has only five stocks and little trading, stoking skepticism about the nation’s ability to foster a vibrant equity cult
LOLC Myanmar, an offspring of LOLC in Sri Lanka, is a greenfield microfinance institution set up in 2013.
The JV will see an investment of at least $30 million into Myanmar-based Yoma Micro Power.
Emerald Brewery, a JV between F&N and local partners, marks a comeback for the beverage firm to the Myanmar market.
The new impact fund will provide debt to private sector educational institutions in India, SEA and Africa.
Two of Delta Capital's LPs, Denmark’s IFU and Norway's Norfund, also joined the round.
The association has 11 members including Anthem Asia, Daiwa PI Partners, Delta Capital, EMIA, Insitor Management, among others.
The investment by FMO will be used to build up the group’s food storage, supply, and logistics businesses.
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