DealStreetAsia

This dumpling is made with lab-grown shrimp meat that now costs $300 per kilogram to produce.
DealStreetAsia

Shiok Meats raises $12.6m as it refines faux shrimp

Singapore startup endeavors to lower cost of its minced product to $50 per kg

2 October 2020
A Regional Express Holding Ltd (Rex) airplane in Australia. 
DealStreetAsia

Australia's Rex raises $107m to launch jets against Qantas

Hong Kong private equity group PAG to hold 23% initial stake

24 September 2020
Playco says its technology will allow it to build games faster, understand players better and develop new software more rapidly than the biggest game companies in the world.
DealStreetAsia

Japan's mobile gaming Playco raises $100m, led by Sequoia

New startup is already unicorn; plans to partner with global platforms

23 September 2020
Merchantrade's purchase of Valyou increases its market share in cross-border remittance services, which are mainly used by migrant workers.
DealStreetAsia

Malaysian fintech company Merchantrade buys Telenor unit

Deal makes digital money service country's largest in remittance business

21 September 2020
FMO says BRAC will use the investment to provide more micro- and small loans to underserved women.
DealStreetAsia

Dutch bank proposes further investment in Myanmar's BRAC

$7.5m from FMO to focus on impact investments in areas hit hard by COVID-19

17 September 2020
Dream11 offers fantasy games in categories such as cricket, soccer, kabaddi and basketball. (Website screenshot)
DealStreetAsia

India's Dream Sports raises $225m amid stay-home boon

Funding for fantasy sports startup led by Tiger Global and TPG

15 September 2020
Launched in 2015, Byju's offers learning programs for K-12 students, besides helping older students with preparation for exams. (Photo by Kosaku Mimura)
DealStreetAsia

Indian startup Byju's raises $500m amid online learning boom

Latest round pushes valuation of edtech company to $10.8bn

9 September 2020
The company was primed to become a regional e-commerce leader upon its formation in 2012, but instead became the 24th such operation to shut down in Indonesia since 2013.
DealStreetAsia

Telkom Indonesia and eBay's e-commerce site halts operation

Blanja.com one of latest online sellers to call it quits in archipelago nation

4 September 2020
Singapore based PropertyGuru had clocked 24% year-on-year revenue growth and had a market share of 57% in Southeast Asia.
DealStreetAsia

Singapore online realtor raises $200m from US equity giants

PropertyGuru to accelerate growth strategy in key markets Malaysia and Vietnam

3 September 2020
In Vietnam, there has been strong competition between e-payments brands such as Momo, ZaloPay, VNPAY, Payoo, ViettelPay and NexPay.
DealStreetAsia

Vietnam's NextPay aims to raise $60-$100m in pre-IPO placement

E-payments provider looks to expand overseas such as in Indonesia and Myanmar

31 August 2020
Sequoia's Indian investments covered a lot of ground, including ed tech, ride-hailing and food delivery.
DealStreetAsia

Sequoia Capital becomes top investor in Indian unicorns

Silicon Valley firm has eight so far; SoftBank and Steadview Capital second

27 August 2020
Telkom Indonesia was set to invest in Gojek in 2018 but the deal fell through after failing to secure the backing of top ministerial figures at the time.
DealStreetAsia

Telkom Indonesia in advanced talks for a stake in Gojek

If successful, mobile operator will join investors including Facebook, PayPal

26 August 2020
A doctor attends to a patient at Kuala Lumpur Hospital in Malaysia on May 23.
DealStreetAsia

Malaysia's Sunway plans to raise $300m for health care expansion

Diversified group will increase hospital capacity to 2,500 beds by 2025

25 August 2020
Street food vendors wearing protective masks serve customers in Manila on Aug. 10.
DealStreetAsia

Philippine Macay acquires catering provider Kitchen City

Listed investment company spends $41m for first food-service business

24 August 2020
A technician inspects anti-cancer drugs at a laboratory in Lianyungang, Jiangsu Province. 
DealStreetAsia

Chinese-AstraZeneca cancer cure joint venture raises $100m

Public-private Dizal Pharma to boost R&D and domestic footprint

21 August 2020
Siri Ventures has collaborated with a drone delivery company and autonomous car developer and a manufacturer of security sensors as part of its "sandbox" initiative.
DealStreetAsia

Thailand Sansiri venture looks to tech to upend property business

Drone deliveries, EV charging and autonomous driving among 'sandbox' projects

18 August 2020
Mohandass Kalaichelvan was hit with the idea for Spenmo as an executive at Grab, where he began to learn of problems merchants face in financial accounting and applying for loans.
DealStreetAsia

Former Grab executive raises $2m for fintech startup

Spenmo looks to expand from Singapore into Indonesia before April

14 August 2020
Aruna was founded in 2016 and aims to create fair trade in seafood products while also improving the livelihoods of fishermen.
DealStreetAsia

Indonesian fishery platform Aruna raises $5.5m

Startup expands operations into new domestic and export B2B markets

13 August 2020
Cambodia has been the primary target of the Cambodia-Laos-Myanmar Fund, which has invested in 13 companies in the region.
DealStreetAsia

Dutch bank weighs investment in Cambodia-Laos-Myanmar Fund

FMO's COVID follow-on reserves targeted with $1.4m commitment

8 August 2020
The $11 billion raised by KKR for its fourth Asia-focused buyout fund surpassed the record $10.6 billion by Hillhouse Capital Group for the region in 2018.
DealStreetAsia

KKR raises record $11bn for world's largest pan-Asia fund

US investment giant seeks eventual expansion to $12.5bn

6 August 2020
A worker processes coconuts at a Chaokoh plant in Samut Songkhram Province, Thailand. U.S. accelerator Plug and Play Asia Pacific looks to improve the Thai food supply chain.
DealStreetAsia

US incubator forges Thailand's food and agtech value chain

Plug and Play to link startups and investors for 'farm to table' ecosystem

26 July 2020
Taranis drones have helped John Deere, Syngenta, Nutrien, Climate Corp and BASF to monitor and maintain the health of crops.
DealStreetAsia

Singapore Vertex and Malaysia Kuok lead $30m agritech round

Taranis uses AI-equipped drones to analyze weeds and other crop killers

22 July 2020
The Malaysian stock exchange has not had any new listings since March 23 and will have to wait until next year to see Loob.
DealStreetAsia

Malaysian bubble tea chain postpones IPO due to COVID

Loob CEO says company to remain private until 'mid-next year or later'

20 July 2020
Singapore state-owned investment company Temasek has targeted multiple biotechnology companies for investments.
DealStreetAsia

Singapore's Temasek expands investment in biotech companies

Sovereign fund leads UK Glympse Bio's $46.7m fundraising

17 July 2020
Singapore's skyline is seen on July 1, 2019. Based in the city-state, startup Trax provides computer vision solutions for a host of retailers and brands through computer imaging technology and machine learning.
DealStreetAsia

Singapore startup Trax said to be in early talks for US listing

Tech company seeks to double its latest valuation of around $1.2b to $1.3b

14 July 2020