Founded in 2018, Novelship recently collaborated with American rapper Snoop Dogg to expand its collection and has also launched its own branded T-shirts, socks, shoelaces and shoe sole protectors. (Photo by Ken Kobayashi)
DealStreetAsia

Singapore sneaker marketplace Novelship bags $9.5m

Series B funding round led by VC firms in city-state, Indonesia and China

15 September 2023
Hong Kong-based multi-asset investment firm Silverhorn is raising funds for its $300 million Asia Venture+ Program. 
DealStreetAsia

Silverhorn's Asia venture investment program to hit first close

Expects to reach as much as $150m of $300m target by year-end

14 September 2023
The Red Fort in New Delhi. Xponentia Capital Partners is bullish on India's long-term growth. (Nikkei montage/Source photo by Ken Kobayashi; logo from Xponentia Capital Partners' LinkedIn account)
DealStreetAsia

India-based Xponentia Capital Partners' Fund II crosses $120m

Private equity firm says oversubscribed vehicle tops initial $90.4m target

13 September 2023
The ELSA app, right: Vietnam's edtech sector has been drawing strong investor interest. (NIKKEI montage/Source photo by AP and screenshot from ELSA website)
DealStreetAsia

Vietnam English learning app ELSA raises $20m

Singapore-based UOB and existing investors supply the fresh funds

12 September 2023
VKTR, which was set up in 2007, is the only company in Indonesia focused on heavy EVs. (Nikkei montage/Screenshots from VKTR's website)
DealStreetAsia

Indonesia's VKTR expects EV factory to be fully operational in 2024

Executive bullish on demand for electric buses, trucks in top ASEAN economy

11 September 2023
Kyle Shaw is managing partner of ShawKwei & Partners, a private equity industrial investor with offices in Singapore, Hong Kong, San Francisco and Shanghai.
DealStreetAsia

ShawKwei & Partners buys two U.S.-based companies

Asian private equity firm invests in industrial companies in Asia, Europe, U.S.

8 September 2023
"Companies across various industries are exploring alternative avenues to raise capital," says Piramal Alternatives CEO Kalpesh Kikani. (NIKKEI montage/Source photo by Ken Kobayashi and logo from Piramal Alternatives website)
DealStreetAsia

India's Piramal Alternatives bullish on private capital

CEO says firm plans 'strategic' deployment of $1.5bn in fresh funds

7 September 2023
Hero MotoCorp, which already holds a 33.1% stake in Ather, is betting on rising consumer interest in electric two-wheelers. (NIKKEI montage/Screenshot from the Hero and Ather websites)
DealStreetAsia

India's Hero MotoCorp to add $66m more into EV maker Ather Energy

Investment comes as nation's interest in electric vehicles grows

6 September 2023
Launched in 2018, Staffinc has evolved into an end-to-end digital staffing company. (Screenshot from Staffinc's website)
DealStreetAsia

Indonesian job platform Staffinc's Series B-1 round hits $9.2m

Altara Ventures, Antler, Japan's Mynavi and others provide funding

5 September 2023
Antler launched in Singapore in 2017 and has branches across the Asia-Pacific region, Europe and North America. (Nikkei montage/Source photo by Reuters. Logo from Antler's website)
DealStreetAsia

Singapore's Antler aims to bring 'unique' value to Malaysia startups

VC company enters country via partnership with sovereign wealth fund

4 September 2023
Founded in 2018, Avatr Technology is backed by state-run automaker Chongqing Changan Automobile and EV battery giant Contemporary Amperex Technology.
DealStreetAsia

Chinese EV maker Avatr raises $411m in Series B round

State-affiliated investors join in funding, pushing valuation to $2.7bn

1 September 2023
A Neta V car on display at the Thailand Big Motor Sale 2023. Shanghai-based Hozon New Energy Automobile is making a big push in Southeast Asia.
DealStreetAsia

Chinese EV maker Hozon raises $960m in crossover financing

Funding comes as company doubles down on Southeast Asian drive

31 August 2023
ThinkZone is one of Vietnam's most active venture capital companies with 15 startups in its portfolio. (Nikkei montage/Source photo by Getty and logo from ThinkZone's website)
DealStreetAsia

Vietnam homegrown ThinkZone Ventures seeks to raise $50m

Venture capital's 3rd fund aimed at startups that want to expand globally

30 August 2023
Electric vehicle startup Charged Asia has its headquarters in Singapore and its main operations in Indonesia. (Nikkei montage/Source photo by screenshot from Charged Asia's website)
DealStreetAsia

Singapore-based EV startup Charged Asia brings in up to $40m

Funding from Geo Energy to be used to grow in Indonesia and Southeast Asia

29 August 2023
Woori Venture Partners currently manages $1 billion worth of assets across multiple funds and is present in countries such as China, the U.S. and South Korea. (Nikkei montage/Source photo by Reuters and logo from Woori Venture Partners' website)
DealStreetAsia

South Korea's Woori Venture Partners sets foot in Southeast Asia

Country's first venture capital firm eyes sectors including finance, health care

28 August 2023
Qashier has evolved into a full-fledged commerce platform with services  including inventory and staff  management as well as contactless QR ordering. (Nikkei montage/Source photo from Reuters and logo from Qashier's website)
DealStreetAsia

Singapore-based point-of-sale system startup Qashier nets $10m

Series A funding round co-anchored by IFP Securities and Delivery Hero Ventures

25 August 2023
At least eight ESR funds are active, including those for Japan, Australia, South Korea, China and Singapore. (NIKKEI montage/Source photo by Getty and logo from ESR's website)
DealStreetAsia

Hong Kong-listed real estate manager ESR raises $2bn

Company to pour 80% into new economy sector despite weak global fundraising

25 August 2023
VinFast CEO Thuy Le speaks at the groundbreaking ceremony for the company's manufacturing plant in the U.S. state of North Carolina on July 28.
DealStreetAsia

VinFast CEO Thuy Le calls EV opportunities 'enormous'

Executive sees company breaking even in 1 to 2 years amid focus on sales

23 August 2023
Motilal Oswal Alternates currently manages five real estate funds -- the India Realty Excellence Fund and its four successor funds. (Nikkei montage/Source photo by Getty and logo from Motilal Oswal Alternates' website)
DealStreetAsia

India's Motilal Oswal Alternates set to raise $240m

Sixth real estate fund to make early-stage investments in residential projects

22 August 2023
Singapore's state investor GIC is betting on Carrefour Brazil Group, the largest food retail group in Brazil.
DealStreetAsia

Singapore's GIC acquires nine Carrefour assets in Brazil

City state's state investor and Barzel Properties team up in $241m purchase

21 August 2023
Mumbai's Churchgate Station. Tightfisted investors are taking longer to close deals in India and displaying caution in leading investment rounds.
DealStreetAsia

India unicorn fundraising dropped 76% in January-June 2023

Total of $1.86bn was amassed from private equity and venture capital investors

18 August 2023
Growtheum Capital Partners has bet on a range of promising startups in Southeast Asia and India. (Source photo by AP and logo from Growtheum Capital Partners' website)
DealStreetAsia

Singapore's Growtheum Capital closes debut fund at $567m

Amount comes in tad below target in trying time for global fund managers

17 August 2023
East Ventures announced the raising of $250 million in the first and final close of its latest fund, Growth Plus, in May this year. (Source photo by Reuters and logo from East Ventures' website)
DealStreetAsia

Indonesia's East Ventures said to be raising sustainability fund

Venture capital firm has secured over $30m of worth of commitments, sources say

16 August 2023
Landmark Family Office was incorporated in Hong Kong in 2022 to serve founding families and independent clients. 
DealStreetAsia

Landmark Family Office sets up global headquarters in Hong Kong

Move comes after local government rolls out incentives in March

15 August 2023
Funding activity in Indonesia has gradually declined in recent quarters.
DealStreetAsia

Southeast Asia worst hit as Q2 startup funding falls across Asia

India also sharply lower; Chinese investment fairly resilient, down 3.36%

14 August 2023