By Ardi Wirdana
The company was forced to look beyond the region to raise the majority of its fund, as it found that there were simply very few investors in the region that specialized in doing Series B investments.
With Berkshire, we have a new vantage point on our capital table and business model, Sharma said.
It all began with a chance meeting between its two co-founders, Joel Bar-El and Dror Feldheim, at a kindergarten in Singapore attended by their daughters.
Recently, Swiggy hired Vivek Sunder as its chief operating officer, among other top recruitment.
SG punches above its weight in innovation but still some corporate reluctance to take risks: Join the DotsBy Team DealStreetAsia
As a market dominated by mobile internet, Southeast Asia is an exciting market to be in, says Karen Schofield, Managing Director, Join the Dots (Singapore) Pte. Ltd.
Kickstarter remains one of the world’s biggest contributors to arts and technology projects and has spawned similar platforms in India such as Ketto and ImpactGuru.
UL Ventures targets investments in digital manufacturing, autonomous systems, smart cities, digital health and cyber security.
Alizakri Alias is set to assume the top position on August 20.
Polaris Capital Group-backed Altair Capital, which recently hit the first close for its $150 million maiden ASEAN fund, remains confident that the lower-end mid-market presents significant opportunities, with very few firms being active in this space.
“The whole thesis for PE has changed. It used to be that private equity is cheaper than public markets, therefore, there is an arbitrage opportunity. This is no longer really the primary thesis anymore – it is no longer about access to capital, and it is more about having to be patient, and having the ability to hold out for a long period of time,” Tsai said.