By Ardi Wirdana
Riady points to China where e-commerce still makes up only 20% of the total retail market, prompting Alibaba and Tencent to pursue a ‘new retail’ strategy.
Unlike other countries in the region whose ride-hailing market had been dominated by Grab and Uber, Indonesia boasts another player with a sizeable portion of the market share – Go-Jek.
The investment firm had marked the first close of its India Business Excellence Fund-III fund at $147m in September last year.
Vivek Kathpalia, head of Singapore and Far East, Nishith Desai Associates, shares his views on the good, bad and ugly of the Indian PE landscape.
Since last year, Ekuinas has been venturing out of its six initial target investment sectors.
Hong Kong-based TR Capital Partners sees Vietnam as an attractive market for secondaries transactions in Southeast Asia.
Khurana said the Flipkart-Walmart deal or the possibility of an Ola-Uber merger would not be key to setting the tone for the VC space in India this year and the next.
Sachin Bansal stands to make anywhere between $1-1.5 billion from the sale. But that won’t console the 36-year-old.
The impact investor has put in $250m in India so far and plans to invest $50-60m annually.
Yar-Ping Soo, Partner (Singapore), says, “our biggest takeaway is the vital importance of local investment professionals who can navigate the complex heterogeneous markets of the region.”