By Ishita Russell
“From an asset class perspective, the focus has settled on affordable housing which has got all the money that has been committed.”
The Probe Group will collectively manage over 3000 staff serving blue-chip clients.
The law firm recently combined with seven law firms globally including Indonesia and Malaysia
Venture capital firm Sapphire Ventures has previously invested in companies such as Paytm, Just Dial and Newgen Software Technologies. The company, which was once the corporate venture capital arm of enterprise software giant SAP, is currently investing out of its third fund with a corpus of $1 billion.
Go-Life is a mobile app comprising four services: Go-Massage (home spa and massage service booking), Go-Clean (house-cleaning service booking), Go-Auto (vehicle maintenance service booking), and Go-Glam (beautician booking service). Since it was launched as a separate app from Go-Jek last year, it claims to have acquired 3 million users in 25 cities across Indonesia.
It is also in talks with VCs about providing an exit route for some of their portfolio companies.
“SGX should consider more international collaborations as capital markets are becoming more and more global.”
The focus of the company’s expansion are Asian countries that have cultural similarities with its current markets.
The deal is being seen as a win-win for both. For Yoma Strategic, it means entry into the fintech industry of Myanmar. And, for Wave Money, it translates into access of capital from the SGX-listed firm.
Old Bridge Capital is now raising an additional Rs 300 crore for its Category III AIF, floated in December 2017.