DSA webinar transcript: Sequoia and Vertex on deal-making in times of COVID-19

In DealStreetAsia’s second webinar on May 14, 2020 – Open for Business: Sequoia and Vertex on deal-making in times of COVID-19 – Sequoia Capital India managing director Abheek Anand and Vertex Holdings CEO Chua Kee Lock talked about how the disruption caused by the pandemic has dramatically altered the way fund managers go about pursuing deals.

Both Sequoia and Vertex were involved in large deals that got announced earlier this month. Live streaming platform M17 recently announced a $26.5-million round led by the Vertex Growth Fund while Sequoia Capital led the $109-million mega-round in Indonesian coffee chain Kopi Kenangan.

Based in Singapore, Anand focuses on a range of sectors including fintech, education and consumer internet across Southeast Asia. Chua is CEO of Vertex Holdings, a Singapore-headquartered VC investment holding company, and is concurrently the managing partner of Vertex Ventures Southeast Asia and India, as well as the chairman of Vertex Growth Fund.

In conversation with DealStreetAsia’s editor-in-chief and founder Joji Thomas Philip, Anand and Chua talked about the challenges fund managers face with respect to due diligence, valuations and down rounds, and the investment outlook over the next 24 months.

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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.