By Ka Kay Lum
The newly-launched $100-million tech-focused fund will invest in Vietnamese companies with proven revenue streams, especially those with concepts that can be scaled up to a regional or global level.
Ng Beng Tiong, CEO, ARA Private Funds & Assistant Group CEO, ARA Group, is of the view that the firm should look at another 1-2 years before revisiting the question of listing.
The $1b fund was launched in May 2017 with a mandate to invest in fintech & healthtech businesses outside China.
MobiKwik recently acquired mutual funds advisory platform Clearfunds to widen the scope of financial services offered on its portal
Latitude Venture Partners is the newly-formed VC arm of Indonesian conglomerate Sinar Mas.
PropertyGuru, which is already cash flow positive, is now completing a full year of profitable operations.
Tin Men Capital launched its maiden $100-million fund last month, targeting pre-Series A deals in B2B tech in SE Asia.
For Ideosource, its investment in films comes after the full deployment of its $15-million tech fund, through which it invested in 27 early-stage tech startups, including aCommerce, Orori, e-Fishery, and Bhinneka.
ST Engineering Ventures plans to set up tech centres in the US and Israel in 2019. The CVC also sees itself as the conduit between startups and end-customers, especially in the B2B and B2G space, where some buy-in from larger institutional players is needed.
NBFCs slowing down will have a rippling effect on funding of projects. We are likely to see defaults and delays in repayments. Asset takeovers and workouts are imminent, so the industry should be prepared, he says.