At least five execs led by managing partner and Asia chairman Ravi Thakran will be joining the new spin-out firm.
Russia’s Yandex.Taxi may issue new shares in IPO, says top shareholder
Disney in talks to invest in Indonesia’s MNC Group unit
L Catterton Asia LPs mull third fund’s fate as spin-out triggers key man clause
OYO to set aside $100m for hiring, boosting infrastructure in China
Grab backs $8m Series A round for London-based Splyt Technologies
Myanmar’s Irrawaddy Green Towers on the block as PE investors seek exit
Sieu Viet Group acquires Vietnamese HR platform MyWork
Indonesian coffee startup Kopi Kenangan grabs $20m funding from Sequoia India
Indonesian P2P lender KoinWorks closes $12m Series B funding round
Temasek backs Sembcorp Industries’ $1.1b bond issue
Splyt claims to be the largest B2B mobility marketplace, connecting supply and demand for ground transport.
The spin-out firm is set to raise $500-750 million for its debut fund.
Trax is also in advanced talks to buy a European competitor.
Circles.Life has launched its services in Taiwan in partnership with one of the largest telco players in the market.
8VC, Founders Fund, Greylock Partners, and Lightspeed Venture Partners also joined the round.
Growing its client base is one of CapBridge's main priorities this year.
SGX also ordered ICG to conduct pre-deal anti-money laundering due diligence on the source of funds for any future major transactions or very substant
The Razer-Visa partnership also targets SE Asia's large unbanked and underserved population of over 438 million.
The bond issue is aimed at strengthening the financial position of its marine and offshore engineering subsidiary Sembcorp Marine.
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