Venture Capital
The CVC plans to raise upto $90m from parent Bangkok Bank this year, says MD Krit Phanratanamala.
Reliance Retail's adoption of digital rupee can become playbook for Asia
Adani crisis ignites Indian contagion fears, credit warnings
Indonesia's eFishery to step up US focus in exports push
Japanese VC Global Brain sets up $39m fund with Meiji Yasuda Life Insurance
SG-based The Parentinc looks to turn profitable next year, even as losses zoom nearly 25% in 2021
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Bangladesh B2B startup ShopUp secures $30m debt financing
Singapore’s Blockchain Founders Fund eyes over 200 deals with $75m second fund
BYJU’s fires another 1,200 employees, more layoffs to follow
Indonesian co-working space CoHive declared bankrupt by court
Indonesian warung enabler GudangAda leans on lending, POS services in revenue push
Deals
The expansion comes amid the warming of ties between Thailand and Saudi Arabia.
Unicorns
It has shifted its international focus to the provision of cross-border supply chain solutions.
The round, which was oversubscribed, received the backing of Switzerland’s Seedstars International Ventures.
The company, founded in 2015, said its business is “no longer commercially viable”.
Q & A
The VC says it plans to launch an impact fund this year.
German DEG is investing $40m in the green bond issued by Thai power developer BGrimm.
Thailand-headquartered companies with a presence or expansion plans in the region in demand.
The firm will allocate around $3m to a fund dedicated to potential unicorns this year.
Analysis
Grab is rolling out tuk-tuk services in Phuket.
