Singapore: Fatfish exits HR platform Nvoi through ASX-listing

Southeast Asia and Australia-based internet venture builder Fatfish Internet Group has exited the digital staffing company Nvoi Limited, with the portfolio firm listed on the Australian Securities Exchange via a reverse-takeover of Orrex Resources Limited.

Fatfish’s first investment in Australia, Nvoi, has a market capitalization at A$37 million ($28.3 million) as on August 3. The venture accelerator has fully sold its shareholdings in Nvoi, generating an internal rate of return of 80 per cent within 12 months, it said.

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