People
As many startups continue to downsize, fractional hiring has become a hot topic among founders and VCs.
SG fintech firm Atome Financial's revenue doubled in 2023
Deal Digest: Malaysia's Aeon Bank to launch Islamic digital ops; Gojek Singapore, ComfortDelGro Taxi ink pact
Data Vantage: Sunday, ceEntek and Ticket2Me in focus
Nuveen looks to raise $400m for second climate inclusion PE fund
GoTyme Bank looking to expand SE Asia footprint with Vietnam, Indonesia launch this year
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Excelsior Capital Vietnam invests in English language training group Kapla Education
Next Billion Capital Partners makes first close of $250m digital growth fund
SG’s Foundation PE looking to raise rupee fund to cash in on growing India market
Ten new VCs to set up offices in Malaysia as part of KL20 initiative
Southeast Asian restaurants lose out as COVID delivery habit persists
Analysis
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%.
Venture Capital
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.
Private Equity
Deal count also fell from 207 in 2021 to 176 last year — a 15% decline.
The investment is Ford’s first in the Southeast Asian country.