DealStreetAsia

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Startups

Malaysia's Maideasy eyes fundraising to expand operations

Cleaning services startup seeks 'considerable amount' in series B round

20 August 2019
Samoyed, which targets its services at millennial credit card holders in China, has withdrawn plans for an IPO in New York.
Startups

China credit card repayment company cancels US IPO

Samoyed withdraws plan 'due to unfavorable market conditions'

16 August 2019
Carsome, which facilitates sales of used cars by handling inspections, payments and logistics, is feeling the heat of increased competition.
Automobiles

Malaysia's used car bidding platform in talks to raise $40m

As Carsome expands in Southeast Asia it intends to fend off rivals on home turf

15 August 2019
A police officer uses an umbrella while guiding traffic in a hot and humid Karachi, Pakistan.
Startups

Pakistani transportation startup raises $2.2m

Airlift to use fresh capital to expand footprint in major urban centers

14 August 2019
The new Indian property development platform jointly held by Allianz, APG Asset Management and Godrej Group will initially focus on office projects in Mumbai and Gurgaon. REUTERS/Arko Datta
Business deals

Allianz unit commits $150m to Indian office development platform

German insurer's property arm to invest in Godrej Group-managed developer

13 August 2019
Myanmar has a messy transport system, which complicates the picture for ride-hailing companies.
Interview

Myanmar ride-hailer's CEO looks to raise funds

Oway's Kumar says next round 'will be one of most sizable fundraises in country'

12 August 2019
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Startups

South Korea fintech unicorn Toss raises $64m in fresh funding

Hong Kong-based Aspex Management leads investment in P2P money transfer service

8 August 2019
Both mainland China and Hong Kong IPO markets are expected to remain positive.
Markets

Investors remain upbeat on Asian IPOs

Region provides safe haven as global uncertainties dampen volume

7 August 2019
Public and private hospitals in Vietnam are expected to exceed 1,890 by 2022.
Business deals

Private equity company weighs selling stake in Hanoi hospital

Navis Capital looks for buyers as exit process expected to start by 2020

5 August 2019
Tiger Global has led a $75 million funding round in UrbanClap, an Indian startup that helps people hire professional service providers such as home repairers and personal trainers.
Companies

Tiger Global leads $75m round in Indian home services marketplace

Company has invested about $300m across 13 Indian startups in 2019

2 August 2019
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Business deals

Dutch bank offers $42m in backing to Indian impact investor

FMO eager to join hands with microfinance asset manager Aavishkaar

1 August 2019
Investment fund New Frontier's purchase of Fosun Pharma will create China's largest publicly listed health care company, according to a statement.
Business deals

New York-listed fund buys China hospital operator for $1.4bn

New Frontier acquires United Family Healthcare from Fosun Pharma

31 July 2019
RedDoorz runs an end-to-end hospitality management platform, which offers online management solutions for distribution, pricing, marketing, customer experience and technology to hotel owners. (Photo by Rie Ishii)
Companies

RedDoorz raises $45m to ramp up its presence in new markets

Singapore budget hotel platform eyes entry into Thailand and Malaysia

29 July 2019
ACR's wholly-owned subsidiary provides risk solutions for large and complex risks across nonlife business lines, including marine and property.
Finance

Temasek-backed ACR Capital revives majority stake sale

Shareholders of reinsurer appoint Morgan Stanley to hold auctions

26 July 2019
Frontiir plans to expand its service coverage to lower-income townships within Yangon and Mandalay, and expects to grow to 22 cities and towns by 2022.
Business deals

Myanmar telco Frontiir bags $30m from UK development finance group

Investment from CDC Group to help bring over 2 million people online

25 July 2019
BNI plans to set up its venture capital arm before the end of the year.
Startups

Indonesian state lender BNI to set aside up to $50m for VC arm

Integrated e-wallet service LinkAja set to receive investment

24 July 2019
Commercial properties line the western side of Sydney's central business district.
Business deals

Malaysia's EPF invests $70m in Australian health care real estate

Pension fund taps new markets to weather global uncertainties

23 July 2019
Screenshot of Bizongo website.
22 July 2019
Singapore skyscrapers: B Capital Group, headquartered in the city-state, made a first close of its second fund in April after bagging $406.1 million in commitments. 
Business trends

Southeast Asia VC funds on track to raise over $4.2bn

Data on more than 35 funds hints at high investor confidence in region's startups

18 July 2019
Go-Jek is targeting $3 billion in its latest fundraising round, with plans to use the money to further expand across Southeast Asia.
Business deals

Indonesia's Go-Jek adds Visa to growing list of Series F investors

Southeast Asia's ride-hailers prove irresistible to big financial players

17 July 2019
Smartly seeks to provide users with basic financial literacy and an opportunity to invest easily at a low fee.
Business deals

Vietnam's VinaCapital buys Singapore robo-advisory platform

Fund to help Smartly crack more Southeast Asian investment markets

16 July 2019
The skyline of the Makati business district in Metro Manila: Navegar's new fund will have a target investment size of up to $18 million each.
Companies

Philippines-focused private equity firm ready to invest $87.1m fund

Navegar and 20 backers target food, health and education sectors

12 July 2019
Launched in 2009, theAsianparent operates in 12 countries and regions, including Singapore, Malaysia, Indonesia, Vietnam, Hong Kong, Sri Lanka, India, Taiwan and Japan.
Companies

Southeast Asian parenting platform raises funds for expansion

Investors expect new money to boost theAsianparent’s Asia and Africa presence

11 July 2019
San Francisco's SFERS pension fund has made several commitments to Asia-focused vehicles. 
Business deals

San Francisco pension fund commits $50m to PAG fund

Asia-focused vehicle to invest in markets including China and Southeast Asia

10 July 2019
Workers adjust an Indosat base station in Jakarta. The company hopes to save on maintenance costs.
Telecommunication

Indonesia's Indosat in talks to sell $300m worth of telecom towers

Carrier expected to lease back the infrastructure to save on costs

9 July 2019