People
Ling has been an MP for the currently governing People’s Action Party for three terms since 2011.
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
Deals
Bio Farma has estimated a 49% drop in revenue in 2022.
The round also saw the participation of Trail Mix Ventures and Alteria Capital.
The company is said to be eyeing an expansion to Indonesia, Vietnam, and Malaysia.
Klikit allotted shares to investors, including Wavemaker Partners and Gentree Fund.
India-based PE IndigoEdge will be running the book building for the round.
Venture Capital
Global venture investor Magic Fund also participated in the funding round.
Policy & Regulations
While SE Asia remained the top choice, many also set foot into the US, Europe, Latam, Middle-East, and Africa.
It had emerged out of stealth with a $2m pre-seed round four months ago.
IPOs & Markets
Lotus Tech is the luxury arm of Group Lotus, owned by China’s Geely and Malaysia’s Etika Automotive.
