The week that was: April 15-19

Photo: Carousell

Our exclusives this week included this story from Kristie Neo on SoftBank Vision Fund‘s plans to open an office in China and expand its team in Singapore, indicating a strong interest in tapping these markets.

She also sat down to talk with Carousell co-founder and CEO Quek Siu Rui after the startup secured its latest funding from Naspers about its plans, including acquisitions and expansion to new markets.

Sarah from Indonesia reported on how Cinepolis, the world’s fourth-largest cineplex network, has acquired a 40 per cent stake in Lippo-backed Indonesian movie theatre chain Cinemaxx Global Pasifik for $110 million.

Meanwhile, South and Southeast Asia-focused private equity firm Creador has increased its holding in India’s PC Jewellerreported Paramita.

Fund updates

Impact investor Patamar Capital has hit the fundraising trail for its second vehicle, for which it is targeting to raise over $45 million.

Dutch development bank FMO has committed $15 million to education-focused PE firm Kaizen’s latest fund, Kaizen Private Equity Fund II, which will invest in emerging countries in South and Southeast Asia.

DSA Analysis

Kay spoke with several stakeholders for this in-depth story on the upcoming ride-hailing regulations in Malaysia and how they could possibly impact the industry.

Why is Malaysia’s startup ecosystem still lagging behind those of its neighbours? Is it scarcity of capital or lack of active venture capital investors? This analytical piece looked at the story behind the numbers.


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