Exclusive: Industry builder REAPRA targets to invest $46m in SE Asia this year

Visual from company's Facebook page.

Active business builder REAPRA Pte Ltd targets to invest up to $46.6 million (S$65 million) more in Southeast Asia this year and plans to become a $2-billion industry builder company in the next 10 years, said founder and CEO Shuhei Morofuji, and director CFO Takeo Matsuda in an interaction with DEALSTREETASIA.

Matsuda said, the planned S$65 million of investments will also cover Japan.

Both directors, along with REAPRA Ventures’ chief human resource officer Jason Dacaret, were visiting the Philippines as part of their research efforts to learn more about their targeted industries in Southeast Asian countries.

Also Read: Sycamore Media secures $1.2m in seed funding from REAPRA

The Singapore-based venture builder just made investments in two media firms this April — a $2.1-million seed funding in Spout Entertainment Group, and another $1.2 million in Sycamore Media Holdings Pte Ltd, the sole licensee of Inc. Southeast Asia, a global media brand for entrepreneurs and startups.

“We are studying the entry strategy for each country,” Morofuji said. “As an industry builder, we keep looking for an opportunity to create a new industry and we have already identified 12 industries that are promising markets in Southeast Asia.”

The 12 industries REAPRA finds appealing are agriculture & food, hospitality, real estate, education, healthcare, beauty, aviation, digital marketing, startup media, E-entertainment, joint venture, and asset management.

“In some cases, we will build companies from scratch, or invest in existing ones,” Matsuda noted.

Also Read: Singapore: Spout Entertainment closes $2.1m from REAPRA Group

Dacaret, meanwhile, explained with the 12 industry targets, REAPRA plans to get 20 subsidiaries.

“In the Philippines right now, we’re looking at real estate closely. These are all built-in startups,” Dacaret said.

Morofuji declined to give REAPRA’s current company value but added that its growing portfolio of companies have added significant value.

“Our vision is to be a $2-billion industry builder company in the next 10 years,” he said.

Also Read: No dearth of capital in SEA, valuations to be modest: Reapra’s James Bitanga

“We even plan to go public in five years’ time,” Morofuji added.

Matsuda said, the investment ticket size will be $300,000 to $2 million, between seed investment up to Series A.

In the Philippines, REAPRA is looking to invest up to $3 million in three new companies this year. Among its past investments were gadgets zone business Techbox, and online pawnshop Pawnhero.

“We’re still in research space in the Philippines. We hadn’t specifically put a target on it like agriculture, education etc. We’re relatively new into it and we are learning about the infrastructure here and the ecosystem of the different VC companies and also the government’s plans to help build business ecosystems,” Dacaret said.

Founded in 2015, REAPRA Group (REAPRA Pte Ltd and REAPRA Ventures) now has about 40 companies in its portfolio.

Also Read:

VCs bullish on SEA’s ecosystem, say best is yet to come for region’s startups

PH: Pawnhero secures funding from Kaikaku, 500 Startups, IMJ Investments

PE firm ALTUS Digital Capital launches digitalization platform in SEA

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.