Concurrently, the firm has reached the first close of its second annex fund, DSGCP Buildout II, at $35 million.
GOJEK’s Vietnam affiliate GoViet says bike service grew 400% since its launch
India Digest: CCD to restart talks with Coca-Cola; KKR, Everstone eye emids Tech
Indonesia Digest: Cita Mineral shareholder to sell stake; Bank Mitraniaga delisting
India Dealbook: MPower snags $100m debt from Goldman; Y Combinator backs Lokal
People Digest: Nio’s Jack Cheng leaves role; Pomelo hires ex-Lazada CMO
Indonesia’s Protelindo, Telkom Group in talks to buy Indosat Ooredoo’s tower assets
Indonesian beverage chain startup Goola raises $5m from Alpha JWC Ventures
Harvard duo founded Indonesian P2P lender Modalku rises in booming market
DSG Consumer Partners nears final close of third fund at $65m hardcap
Venture debt gains ground as attractive funding option for startups
Naspers has invested in food delivery firm Swiggy, ed-tech company Byju’s and most recently social commerce firm Meesho.
The VC firm has so far invested in 27 early-stage tech startups in lieu of equity.
The company, which will invest through its VC arm called AX Ventures, has around three deals in the pipeline.
Near CEO and founder Anil Mathews believes that the company is ready for a larger international play.
Mandiri Capital targets a corpus of about $100 million for its new VC fund.
LinkAja is looking to raise funding in a Series B round next year and is open to foreign investment, says Danu.
The lender expects to do more direct investments in startups through its CVC unit.
On consolidation in NBFCs, Das says: "We have to constantly monitor and remain alert."
OVO has already branched out into various other subsectors of fintech through partnerships and acquisitions.
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