By Tomas S. Noda III
Online real estate startup ZipMatch said it is nearing the completion of its third round of funding. This was a follow up to its P24.4 million ($550,000) seed round from various investors; the company has already raised a total of P44.5 million ($1 million) seed fund since its founding in 2012…. Read more »
Nearly 100 startups funded, PH community gains momentum
Multimedia and telecommunications giant Philippine Long Distance Telephone Company’s (PLDT) stake in Rocket Internet has fallen further after it failed to subscribe to the German company’s $670 million equity fundraising round. This marks the fourth time that PLDT’s stake with the German startup has been diluted from the original 10… Read more »
In its bid to support the ambitious expansion plans of its core businesses in the Philippines, the Ayala Group of companies has set P185 billion ($4.1 billion) in capital expenditures, this year. The businesses in which the Ayala Group wants to shore up its investments in include, real estate, telecom units, power generation,… Read more »
After a year of product development, Philippine tech startup PortfolioMNL is launching a platform to host the country’s largest community of creative professionals. PortfolioMNL CEO and co-founder Rina Malonzo, in an interaction with DEALSTREETASIA, not only gave a detailed background of the company but also revealed updates in implementing their business… Read more »
Philippine health tech startup mClinica topped nine other startups in Tuesday’s Hack Osaka Award 2015, a global innovation conference held in Osaka City, Japan. The largest pharmacy network in the Philippines, mClinica won the gold prize in the HackOsaka International Pitch Contest, joined by startups from different parts of the globe. It… Read more »
Change in strategic stake holders of a company and a sealed private placement were some of the recent developments in the Philippine Stock Exchange. Ayala Group’s realty arm Ayala Land further hiked it’s shareholding in NTDCC that owns the TriNoma mall. Meanwhile, Benguet Corp sealed a $5.63 million private placement deal with… Read more »
Metro Pacific Investments Corporation (MPIC), an infrastructure conglomerate in the Philippines, announced raising P8.8 billion ($200 million) in its fresh share sale. The fund will used for making investments in the infrastructure projects in the country.
As it gained foothold in the local motoring industry, Philippine startup AutoDeal is now planning to expand its business across countries in SEA.
Philippine-based investment holding company Premiere Horizon Alliance Corporation (PHA) has completed the P80 million ($1.8 million) deal to acquire a controlling stake in technology firm, Concepts Unplugged Environment Solutions (Cubes) Inc, that offers cooling solutions, the company said. The deal was first announced last year and both companies had signed their Memorandum of Agreement… Read more »