By Team DealStreetAsia
Ask any startup or investor in Southeast Asia about their top gripe in the region and it is more likely than not to be talent, or the paucity thereof. Complex regulations regarding hiring in the different markets of the region further complicate matters.
Central Capital Ventura, the VC unit of Indonesia’s largest private lender Bank Central Asia, has so far invested in seven fintech startups. Its sweet spots are pre-Series A and Series A investments in fintech, insurtech, big data, deep tech and IoT.
With oil inching up and interest rates moving up, India may see a slowdown in growth in the second half of FY19, said Sonal Varma, managing director and India chief economist, global markets division (Asia ex-Japan), Nomura Holdings Inc.
In an exclusive interview, Stellar Kapital Managing Partner Aditya Keo Santoso talks in depth about real sector investments, the Indonesian startup scene and Stellar’s $25-million second fund.
Grab Ventures, the accelerator and investment unit, will seek minority as well as controlling stakes in tech startups and will be funded entirely by Grab’s balance sheet.
At a time when Asia remains a hotbed for deal flow, an availability of similar kind of businesses crowding the market may lead to higher valuations and even make exits challenging for many players.
Even after its acquisition by Walmart, Flipkart will continue to be run by its board of directors, top executives at both companies said.
Adamas is targeting a $500-million final close for its third fund, Adamas Ping An Opportunities Fund.
Last year, Prestellar had launched a $100-million fund backed by CG Corp Global, Satin Creditcare, Frontline Strategy and N.E. Group.
While payments through cryptocurrency is still illegal in Indonesia, Martin says Muslims can use cryptocurrency to invest in projects that are driving real, productive economic activity rather than just investing in pure speculation.