Venture Capital
Wisedrive uses AI-driven extended warranty offerings to transform the used car market.
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Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
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SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
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Thai auto sector reels under subsidies for Chinese EV makers
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Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
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Private equity giant Apollo pumps $700 million into Sony Music
More Stories
L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Grab calls off proposed acquisition of Singapore taxi operator Trans-cab
Analysis
GoTo first announced a plan for a share buyback initiative of $200m in March.
People
As many startups continue to downsize, fractional hiring has become a hot topic among founders and VCs.
The firm will use the funds to settle some of its outstanding debts, CEO William Li told Reuters.
Chinese startup fundraising fell only 5% in 2023, as deal volume rose 13%.
ROCX’s fund deployment period will be over 2-3 years.
Asia PE-VC Summit 2023
The panel discussion revolved around the challenges that grip the startup ecosystem in India and SE Asia.
Unicorns
The company has also formed an upGrad Institute (UI) in Singapore.
Deals
This edition features sobering news from one of the largest investors in the world.
Spiral Capital was the lead investor in the equity issuance.