The week that was: April 8-13

Employees work in front of computers at the office of Traveloka Indonesia PT in Jakarta, Indonesia, on Wednesday, Oct. 11, 2017. Photographer: Graham Couch/Bloomberg

In this week’s big exclusive, we reported about Indonesian online travel unicorn Traveloka raising $420 million in a round led by Singapore’s wealth fund GIC and existing investors.

We had another scoop on GIC this week from Ngoc about the sovereign wealth fund leading an investment in Vietnamese payments firm VNPay. The investment is said to be upwards of $50 million.

From Indonesia, Ardi Wirdana wrote this subscriber-only piece on Grab-backed payments firm OVO acquiring mutual fund investment platform Bareksa.

Uber’s S-1 filing and the Grab connection

Right after Uber submitted its 285-page S-1 filing with the SEC, we brought you this story from Joji Thomas Philip on four key takeaways on the Uber-Grab deal.

Meanwhile, Kristie Neo reported how Uber raked in $342 million from the sale of its entire holding in Singapore-based Lion City Rentals (LCR) and its subsidiary.

Real estate going strong

Kay had this exclusive story on private equity firm GreenOak Real Estate LP seeking to raise as much as $1 billion for its third Asia-focused real estate fund.

She also had this analytical piece on prime destinations around the world for Asia’s real estate investors.

Fundraising news

A China-based fund by healthcare-focused private equity firm C-Bridge Capital has secured capital commitments from a San Francisco pension fund.

Kristie Neo wrote about a new fund that is seeking to raise $100 million to invest in plant-based food and alternative protein startups. Temasek is one of its three main LPs.

North Base Media, an investment firm specialising in media and data technology, has held the first close for its second media fund at $15 million.

Deal breaks

From India, we had this exclusive story from Paramita on news aggregator Dailyhunt‘s talks with global investment giant Carlyle Group for fresh funding.

DSA Analysis

Mars wrote about how the so-called “Valley of Death” at the Series B stage could soon be addressed as more venture capital firms launch growth funds targeted at Southeast Asia.

Finally, Hock predicted in this analytical piece that the proposed $5-billion merger between OUE Commercial REIT and OUE Hospitality Trust could spark off further consolidation among Singapore’s real estate investment trusts.


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