Analysis
VinFast, VNG Corporation, Tiki, and The CrownX have expressed interest in an overseas IPO.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
More Stories
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
Deals
Vietnamese fintech startup GIMO allotted shares worth $6.3 million last week.
Venture Capital
GIMO had raised $1.9 million in a seed+ round led by Integra Partners in 2021.
Private funding for companies in SE Asia hit a two-year low in Q4 2022.
Son Tech has made 14 investments to date, with six follow-on rounds.
VinFast is gearing up to expand in the United States.
People
Vietnam unit’s co-founder Duc Phung is quitting to “seek new professional challenges”.
The Singapore superapp accounted for 54% of the region’s food delivery GMV last year.
The investment will help GEC build new wind farm projects.
AcadArena allocated Series A shares worth $7.5 million last week to Blockchain Capital and others.
