TradeGecko raises $6.5m Series A round from NSI & Jungle Ventures

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Singapore-based startup  TradeGecko, a B2B web-based inventory and order management software provider for independent brands and their retailers, has raised $6.5 million in a Series A round from  local venture capital firms NSI Ventures and Jungle Ventures. The funds will serve as growth capital for global and product expansion. The company is aiming… Read more »

Singapore’s telecom co Singtel to delist from ASX

Singapore Telecommunications Ltd (Singtel), has announced its intent to delist from the Australian Securities Exchange, due to what it described as “low trading interest”. Singtel shares have been listed on the ASX as CHESS Depositary Interests (CDIs). This has enabled foreign companies to trade on the Australian market since 2001. A CDI is… Read more »


GCCP Resources aims to raise $20.8m from listing on SGX Catalist

Malaysia-based rushed calcium carbonate producer GCCP Resources said it plans to raise around $20.8 million (S$28.1 million) by selling 122 million new shares at 23 cents apiece by way of a placement, from its initial public offering. This implies, it will garner a net of S$23.2 million for a Catalist listing… Read more »


SGREIT to acquire Myer Centre Adelaide in AUS for $221m

Starhill Global REIT (SGREIT) has entered into the sales and purchase agreement to acquire a freehold property Myer Centre Adelaide in Australia for $221.64 million (S$302.4 million) in cash, according to its manager YTL Starhill Global REIT Management Limited. Located in Adelaide’s busy retail CBD core and the only retail… Read more »


GIC leads $28m Series C round in Indian classifieds Sulekha

Singapore’s sovereign wealth fund GIC has led a $28.1 million Series C round India’s online listings website Sulekha.com New Media Pvt Ltd. Existing investor Norwest Venture Partner (NVP) also participated in this round. This is Sulekha’s third funding round, and its previous round in 2011 had seen Japan-based Mitsui and… Read more »


Temasek’s Pavilion Capital joins KKR-led consortium to buy controlling stake in Ticket Monster

Pavilion Capital, controlled by Singapore state investment firm Temasek Holdings has joined the KKR-led consortium to buy a controlling stake in South Korean e-commerce site Ticket Monster (TMON) for $360 million. Discount voucher company Groupon Inc. Monday said it had reached a deal to sell 46% in Ticket Monster to… Read more »


Affinity Equity Partners poaches Credit Suisse Asia M&A co-head: Report

Private equity firm Affinity Equity Partners has poached Ronnie Behar, currently a senior Credit Suisse executive in the Asia-Pacific region, to be its new Southeast Asia head, a report said. International news wire Reuters, in a report Monday said that “Behar, who has been the Swiss bank’s co-head of M&A… Read more »


ASEAN set for a possible infrastructure boom?

The ASEAN Master Plan for Connectivity (AMPC) and China’s “One Belt, One Road” initiative  are highly convergent in their interests of developing transport connectivity facilitating better access for trade, capital flows, tourism and human capital exchanges.This requires a system of roads and railways to link contiguous ASEAN countries and maritime infrastructure for RoRo (roll-on roll-off) vessels… Read more »


Incuvest joins SHO-Zemi Innovation Ventures to invest in ed-tech startup Monkimun

IncuVest, the Singapore-based early stage tech investor has joined hands with SHO-Zemi Innovtion Ventures, an offshoot of Japan’s premier tutoring school for children and young adults, SHO-zemi, to invest in US and Spain-based mobile startup Monkimun. Monkimun builds fun, educational games for children with the goal of making language learning fun. While both sides… Read more »


Temasek to invest $151m in India’s Glenmark Pharma

Singapore state investment firm Temasek Holdings had picked up a 3.83% stake in India’s Glenmark Pharmaceuticals Ltd for $151 million, the latter said in a statement. This is one of the largest private equity deals in a listed Indian pharma company this year, and it also makes Temasek the single… Read more »