DealStreetAsia

Airwallex, which offers a global fintech payment platform, has over 1,000 employees in 20 offices around the world.
DealStreetAsia

Fintech unicorn Airwallex hits $4bn valuation after raising $200m

Hong Kong-based company wants to expand its global operations

21 September 2021
Blibli said it will buy around 797.88 million shares, representing at least 51% of the total issued and paid-up capital of SBL, from existing shareholders. (Screenshot from Blibli website)
DealStreetAsia

Indonesian e-commerce player Blibli to buy 51% of grocer SBL

Demand for online service rises amid coronavirus outbreak in Indonesia

17 September 2021
Alibaba's eWTP Technology and Innovation Fund has invested in Vietnamese food chain Homefarm. (Source photos by Reuters and Homefarm website)
DealStreetAsia

Alibaba-backed fund invests in Vietnamese food chain Homefarm

The investor is branching out into the emerging markets of Southeast Asia

10 September 2021
An employee works at Traveloka's headquarters in Jakarta, Indonesia. The company is now likely to go public via a traditional IPO in the U.S., raising up to $400 million.
8 September 2021
A man sells vegetables on the street in Dhaka on July 6. Bangladesh is one of the most fragmented retail markets in Asia and has huge potential to grow.
DealStreetAsia

Bangladeshi retail tech startup raises $74m from US fund

ShopUp to expand mobile-first digital platform for mom-and-pop shops

6 September 2021
A client browses for goods at a small shop in Hanoi. KiotViet claims it is serving over 110,000 similar businesses in Vietnam.
DealStreetAsia

Vietnam merchant-platform startup raises $45m from KKR

KiotViet to use fresh capital for expansion into finance and logistics

4 September 2021
Indonesian B2B marketplace Ralali is looking to raise $50 million in a Series D round to shore up its business. (Screen capture from website)
DealStreetAsia

Indonesian B2B marketplace Ralali in talks to raise $50m

Startup aims to expand its product range and services

2 September 2021
Car wash startup YGL is looking to clean up in China's rapidly growing automobile market.
DealStreetAsia

Alibaba-backed Chinese car wash YGL achieves unicorn status

Hangzhou-based startup eyes global market and self-drive tech

1 September 2021
Beijing based DEEPEXI has more than 100 clients in retailing, financial services, manufacturing and government affairs.
DealStreetAsia

Chinese digital support company raises $100m in Series B round

DEEPEXI expects further demand surge, accelerated by COVID

22 August 2021
myTVS aims to become the largest business-to-consumer player in India's crowded automotive aftermarket.
DealStreetAsia

Indian car service company raises $50m from Italy's Exor

myTVS to expand online-to-offline platform for automotive aftermarket

19 August 2021
A student wearing a protective mask writes notes from an online lecture on a mobile phone, amid the spread of COVID-19 in Mumbai, India.
DealStreetAsia

Indian edtech startup Eruditus now a $3.2bn unicorn

Funding round nets $650m from SoftBank Vision Fund II, Accel US and others

15 August 2021
Bulakapak became the first Indonesian unicorn to list on the local stock exchange.
DealStreetAsia

Singapore's GIC acquires additional stake in Bukalapak for $95m

The sovereign wealth fund grabs 11% in Indonesian e-commerce giant

11 August 2021
SVOLT during the next four years plans to spend more than $4 billion building more factories around the world.
DealStreetAsia

China's SVOLT EV battery maker wins $1.6b in Series B funds

Bank of China's investment arm supports development of crucial EV component

2 August 2021
Nature's Fynd's products are made by fermenting a fungi first discovered in the geothermal springs of Yellowstone National Park in the US. (Screenshot from Nature's Fynd's website)
DealStreetAsia

US alt protein maker Nature's Fynd plans facility in Singapore by 2023

With first Asia plant company has set sights on the biggest markets in China and India

1 August 2021
Employees work at Mediatrac, a data analytics startup in Jakarta: Southeast Asia has seen a strong rebound in deals as investors adjust to the setbacks from the COVID-19 pandemic.
Startups

ASEAN startups surpass pre-COVID total funding deal values

Philippines among countries recording big pickup in H1 2021

30 July 2021
The Indian branch of Sequoia Capital wants to get woman company founders up and running with generous incentives.
DealStreetAsia

Sequoia launches fellowship for women founders in ASEAN and India

Company to give $100,000 to 15 promising female entrepreneurs annually

28 July 2021
PatPat delivers baby clothes and matching family outfits to consumers across over 100 countries and regions. (Photo by Ken Kobayashi)
DealStreetAsia

US-based babywear startup raises $510m from Chinese investors

Online retailer PatPat to expand into Middle East and South America

20 July 2021
Traffic in Kuala Lumpur. iCar Asia operates an automotive listing and content platform across Malaysia, Thailand, Indonesia and Singapore, the same markets where Carsome provides end-to-end solutions for car buyers and dealers, from vehicle inspection to ownership transfer and car financing.
DealStreetAsia

Malaysian trading startup Carsome to acquire iCar Asia in $200m deal

Deal creates the largest digital automotive marketplace in Southeast Asia

14 July 2021
CEO Mohd Khairil Abdullah says Axiata Digital has been working with Malaysia's central bank for a few years now to ensure it meets regulatory requirements that can help it secure a digital banking licence.
DealStreetAsia

Axiata Digital ups game to get Malaysia digibank license, says CEO

Company aims to increase its microfinancing-related service with RHB

30 June 2021
KKR has invested about $5.7 billion in India since 2006 pursuing its private equity strategy. 
DealStreetAsia

KKR takes controlling stake in India's Vini Cosmetics for $625m

The startup targets further expansion in India, South Asia and other growing markets

22 June 2021
 Demand for online learning is rapidly increasing in India, amid the ongoing COVID-19 crisis. (Photo by Kosaku Mimura)
DealStreetAsia

Edtech startup Byju becomes biggest unicorn in India

Company raises $340m, surpassing fintech unicorn Paytm

16 June 2021
The acquisition of Ixaris will further enable Nium to provide one API integration letting customers in a variety of sectors quickly deploy new financial services from card issuance to cross-border payments.
DealStreetAsia

Temasek-backed fintech firm to acquire UK-based B2B payments platform

Acquisition will further enable Nium to access global payment infrastructure

8 June 2021
The number of cryptocurrency traders in Indonesia is estimated at 4 million and is expected to grow exponentially given the size of the country's population at 275 million, industry watchers predict. 
DealStreetAsia

Crypto action heats up in Indonesia as Tokocrypto weighs IPO

Country is hot spot for digital currency, based on government data

2 June 2021
Plum sees the adoption of health insurance by startups, SMEs and corporates increasing exponentially, especially since the pandemic.
DealStreetAsia

Indian health insurance startup raises $16m led by Tiger Global

Plum aims to use new funds to reach 10 million customers by 2025

1 June 2021
Gaw Capital Partners says its real estate portfolio will provide a testing ground for companies to adopt new technologies.
DealStreetAsia

Hong Kong's Gaw Capital closes first growth fund at $430m

Real estate private equity partnership puts focus on property technology

31 May 2021