The startup had secured a $20 million Series C funding in April this year led by South Korea’s Mirae Asset-Naver Growth Fund.
WeWork Japan can become profitable ‘in near future’, says SoftBank
Indian hospitality startup OYO appoints Harshit Vyas as CBO
India: Prime Venture leads $1.61m funding in Sunstone Eduversity
US-based Salesforce Ventures launches $50m Consultant Trailblazer Fund
Chinese EV maker NIO hires CICC auto analyst Feng Wei as next finance chief
Ride-hailing deals bigger blow to SoftBank Vision Fund than WeWork
Sea Group’s Q3 net losses narrow but Shopee remains the big drag
Golden Gate leads seed round in Indonesian sharia fintech startup ALAMI
Zilingo-backer BEENEXT seeks to raise $100m for new fund
South Korean entrepreneurs flock to set up businesses in Vietnam
There is about $200-300 million in uninvested capital, or dry powder, allocated for Myanmar by institutional investors.
Finch will look to add to the seven investments it has made in the region from its $125-million second fund.
Jakarta-based Airy Rooms was founded in 2015 by two former Traveloka engineers.
Sierra Madre is among the pioneers in PE investing in the Philippines, having raised its first fund in 2017 at over $50 million.
Vingroup sees a lot of potential in the domestic automobile market where car ownership currently stands at 21 cars per 1,000 people.
India is emerging as a popular location for US startups who want to set up a second centre.
In SEA, Experian has been actively investing in the fintech sector that is more aligned to its core business.
The Australia-based unicorn was recently removed from China's regulatory blacklist.
The firm is in the process of raising a corpus of $100 million for its second fund.
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