DealStreetAsia

Indonesian startup TiinTiin, which operates a platform for buying and selling used cars, plans to expand into other Southeast Asian countries in 2021.  (Source photos by Reuters)
DealStreetAsia

Indonesian auto startup TiinTiin raises over $2.5m in seed round

Used car marketplace aims to expand to other Southeast Asian countries in 2021

10 July 2020
Kuaidian was launched in 2017 as a dialogue-based storytelling platform in China. It later enabled user-generated content and dubbing for novels, posting and friending, as well as hashtag creation. (Screenshot from Kuaidian website) 
DealStreetAsia

Sequoia leads $100m financing round for Chinese storytelling app

Kuaidian CEO says short-form videos most effective in attracting paying users

9 July 2020
Sequoia India has fortified its position as the top venture capital player in India and Southeast Asia.
DealStreetAsia

Sequoia raises $1.35bn for India and Southeast Asia funds

Investor in unicorns Oyo, Gojek and others affirms positive regional outlook

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

Singapore Temasek invests in COVID vaccine testing company

German BioNTech raises $250m from the sovereign wealth fund and others

30 June 2020
The Byju's education app has seen strong growth in users and paid subscribers over the past year, the company says, drawing a number of well-known venture-fund backers.
DealStreetAsia

Indian unicorn Byju's raises cash from Mary Meeker's venture fund

Edtech company has over 57m registered users and 3.5m paid subscribers

28 June 2020
Alibaba and Tencent operate directly in only a few countries in Southeast Asia, but they currently back at least 11 digital payment brands or e-wallets in six nations in the region.
DealStreetAsia

Alibaba and Tencent cash in on Southeast Asia e-payments boom

Report shows Chinese groups' proxy war by funding local players is accelerating

26 June 2020
Indonesian e-commerce unicorn Tokopedia, founded and headed by CEO William Tanuwijaya, has secured about $500 million from Singapore's state investor Temasek.
DealStreetAsia

Indonesia unicorn Tokopedia secures $500m from Temasek

E-commerce company plans to raise a further $500m-$1bn

24 June 2020
Woowa Brothers-backed Baemin has launched Baemin Kitchen to take on Grab, as well as Baemin Di Cho – an online grocery service.
DealStreetAsia

German-owned South Korean food delivery service expands to Hanoi

Baemin claims tens of thousands of delivery staff in Vietnam in battle with Grab

23 June 2020
Oyo Hotels and Homes has a war chest of $1 billion and does not need to raise funds in the near term despite the coronavirus outbreak.
Startups

Oyo chief confident of weathering pandemic despite 50% revenue drop

Latest $1bn fundraising from SoftBank will last longer than 3 years, Agarwal says

18 June 2020
An apartment complex developed by Vingroup in Hanoi: The real estate sector has drawn heavy interest from overseas private equity funds and Singapore's state investor.
DealStreetAsia

KKR-led consortium invests $650m in Vietnam's Vinhomes

Group will own a 6% stake while Vingroup will keep control of the housing arm

17 June 2020
Former iflix chairman Patrick Grove. The crisis at iflix comes after Singtel-backed streaming player HOOQ filed for liquidation earlier this year. (Nikkei Montage/Source photo by iflix)
DealStreetAsia

Malaysia's iflix in sale talks after co-founders exit

Video streaming platform adds distress specialists to board

11 June 2020
Dailyhunt's machine learning and deep learning technology enables smart curation of content and tracks user preferences to deliver real-time, personalised content and notifications. (Photo by Ken Kobayashi)
Startups

Indian news site raises $23.5m funding from Bytedance and others

Dailyhunt, with machine and deep learning tech, also attracts Goldman Sachs

21 April 2020
A Ninja Van employee unloads his van at the startup's Singapore office. Its latest round of fundraising will bolster the company's cash on hand as it looks to ride out the coronavirus pandemic.
Startups

Singapore's logistics Ninja Van raises $124m in Series D round

Brunei sovereign wealth fund Zamrud joins in investment

9 April 2020
Iflix's CEO Marc Barnett said the layoffs were a response to the uncertainties related to the coronavirus pandemic.
Media & Entertainment

Malaysia video service iflix cuts staff as debt deadline looms

While global groups ride streaming wave amid coronavirus, local players struggle

4 April 2020
A number of Indonesian SaaS providers and edtech startups have seen rising demand for their services with more people working and studying from home during the coronavirus outbreak.
Startups

Asia's private equity hunts for gems in the time of coronavirus

Investors eye productivity platforms and digital healthcare businesses

25 March 2020
Prisoners receive seasonal flu vaccination in Chile in March as the coronavirus outbreak spreads across the globe. 
Startups

Coronavirus vaccine set for testing, says startup backed by Singapore VC

Vickers Venture invests in U.K.'s Emergex as biotechs race to develop drug

18 March 2020
A police officer stands guard near the house of a coronavirus patient in Hanoi. Penm Partners expects to wait out the pandemic before funding its new investment vehicle.
Startups

Vietnam-focused equity firm blames coronavirus for fund shortfall

Penm Partners delays $150m investment vehicle until yearend amid dismal economy

16 March 2020
With strong adoption of mobile phones, Myanmar has seen a mushrooming of telecom towers, with the sector ripe for consolidation. (Photo by Yuichi Nitta)
Business deals

Myanmar's Irrawaddy Green Towers stake sale looks imminent

Shortlist includes Malaysia's edotco Group and private equity funds, sources say

14 March 2020
Peer-to-peer lending, such as Modalku offers is growing in Indonesia, driven by huge demand from its largely under-banked population. 
Startups

Higher returns lead to P2P boom in Indonesia

Lack of investment options push institutions to such platforms

11 March 2020
Wika Realty has realty and developer, property management and construction services businesses.
Markets

Indonesia's Wika Realty seeks to raise $175m via IPO

Developer eyes going public in first half of 2020 to add land bank

4 March 2020
India, with hundreds of millions of salaried workers, is gaining importance as a testing ground for fintech startups.
Startups

Indian fintech startup with global ambitions raises funds from US

PhoneParLoan helps salaried workers through end-of-the-month cash crunch

27 February 2020
Unacademy says it has over 10,000 educators and more than one million videos on its platform. (Screenshot of the company's website)
Startups

Facebook takes part in Indian edtech startup's $110m funding round

With 90,000 subscribers, Bengaluru-based Unacademy valued at $510m

21 February 2020
Soho Global Health produces generics, natural medicines, medical devices and consumer products.
Business deals

Quadria Capital looks to exit from Indonesian drugmaker: sources

Carlye Group said to be sole bidder for 30% stake in Soho Global Health

6 February 2020
Indonesian startup eFishery provides technology for fish and shrimp farming, including a smart feeder, cloud-based dashboard and data platform.
Startups

Indonesia aquaculture startup in talks for new funding

Bandung-based smart feeder eFishery looks to raise $15m

30 January 2020
Del Monte Philippines produces and sells food and beverages in the Philippines under the Del Monte brand and exports them under the S&W brand.
Business deals

Del Monte Philippines to sell its 13% stake to Singapore investor

Food processor expects to grow fruit sales in China after $130m deal

28 January 2020