Vertex invests in China’s Ichuanyi & India’s Firstcry

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The wholly owned investment arm of Singapore state-owned fund Temasek, Vertex Venture Holdings has joined the $10 million Series B round in Shanghai-based female fashion e-commerce platform Ichuanyi.com, a report said. A report in China Money Network said Vertex Venture Holdings had joined Chinese e-commerce platform JD.com Inc, to jointly invest… Read more »

Foodpanda cements leadership in ASEAN

Global online food delivery company Foodpanda, a firm in Rocket Internet‘s portfolio, just announced the full acquisition of key competitors across seven countries in Southeast Asia, consolidating its market leadership across the Southeast Asian food delivery market. Active in 39 countries worldwide, Foodpanda has acquired competitors in India, Malaysia, Singapore, Philippines, Pakistan, Hong Kong and Thailand. Also… Read more »


DBS launches financing programme for startups

One of the largest lenders in South East Asia, DBS Bank, has launched a programme to finance tech start-ups. The move has expanded the fundraising options that exist within the startup ecosystem, to beyond the government-linked grants and VC funding. The dedicated venture debt solution offers tech startups (often at the growth stage of… Read more »


Temasek eyes Misys software deal: Report

Singapore state-owned fund Temasek Holdings is among the potential acquirers of UK-based banking supplier software firm Misys, which is being sold by its current owner Vista Equity Partners, a report said. Sky News city editor Mark Kleinman, in a February 5 report, said that Tamasek, along with a number of… Read more »


GIC buys 5% in Nielsen for over $800m

Singapore’s sovereign wealth fund GIC has bought 5 per cent stake in consumer research company Nielsen, in a deal valued at over $800 million. In its regulatory filing, New York-listed Nielsen said GIC had bought 18.79 million shares in the company. Based on the last traded share price of the… Read more »


GIC invests $35m in Chennai’s Jain Housing

Singapore’s sovereign wealth fund GIC Pvt Ltd has invested $35 million in Chennai based builder Jain Housing and Construction and the company plans to use the proceeds to undertake high end projects in the capital city of Tamil Nadu. This marks the latest in GIC’s investment spree in India. DEALSTREETASIA recently… Read more »


Temasek leads $60m round in India’s Manthan

Singapore’s state fund Temasek Holdings has led a $60 million investment round in Bangalore-based analytics and Big Data firm Manthan Software Services Pvt Ltd. Existing investor Norwest Venture Partners also participated, the company said. This is one of the largest funding exercises for an analytics product company based out of… Read more »


DBS shortlists AIA, Prudential for $1.5b deal

AIA Group Ltd, Prudential plc and Manulife Financial Corp are among firms shortlisted to become DBS’ insurance partner in a bank distribution deal worth around $1.5 billion, a report said. DBS’s bancassurance deal is the last major agreement of this kind available for insurers keen to tap into Asia’s fast-growing… Read more »


Techlist accepted into Y-Combinator Winter 2015

Singapore-based tech startup media firm Tech In Asia announced that their startup database serving company founders and investors Techlist, has pivoted to a new model and is part of the Y Combinator Winter 2015 cohort. The only participating firm from Southeast Asia, this is a major milestone for Techlist. It’s part of the portfolio of services offered… Read more »


Greenwave opens new R&D facility in Singapore

Convergent with the recent ‘Smart Nation’ initiative launched by the Infocomm Development Authority (IDA) of Singapore, software company Greenwave Systems has launched a new research and development (R&D) centre on the Internet of Things (IoT), developing solutions for the high-growth sector. IoT refers to a network of interconnected gadgets and systems which communicate over the Internet. Research… Read more »