As part of its strategy, Raffles Family Office mulls exit opportunities from day one, as it looks to hold onto its investments for a short period of time. (Source photo by Reuters and logo from Raffles Family Office's website)
DealStreetAsia

Raffles Family Office eyes Southeast Asia private equity deals

China investment to continue with 'protected structure,' shorter holding periods

31 May 2023
Financial district buildings in Mumbai. "Entrepreneurship is booming in India," says Abhimanyu Bisht, general partner at CapFort Ventures.
DealStreetAsia

Micro VCs bet big on early-stage India deals amid funding winter

'Booming' entrepreneurial activity attracts interest from small-scale venture capital

30 May 2023
Nickel-rich Indonesia has big ambitions to become a global EV production hub. (Source photo by Getty Images, logos from Indika Energy and Alva's websites)
DealStreetAsia

Indonesia's Indika, others to put $16m into IMG's EV business

Total 2023 development outlay on Alva two-wheeler pegged at $17.8m

29 May 2023
Kedaara Capital focuses on control and minority investment opportunities in India. (Source photo by Getty Images and logo from Kedaara Capital website)
DealStreetAsia

India-focused Kedaara Capital gears up to raise $1bn

Fourth investment vehicle comes after 2013 debut fund closed at $540m

26 May 2023
Evermos plans to utilize the fresh funding to expand its network and enhance its tech capability. (Screenshot from Evermos YouTube page)
DealStreetAsia

Indonesian social commerce platform Evermos confirms $40m funding

Round led by World Bank member International Finance Corp.

25 May 2023
Besides its ongoing fourth fund, Matrix Partners India is also looking to raise another sidecar fund of $14.75 million. (Source photo by AP and logo from Matrix Partners India's website)
DealStreetAsia

Matrix Partners India raises $517m for fourth fund

Early backer of ride aggregator Ola exceeds $450m target, aims to hit $525m

24 May 2023
Janio provides integrated logistics solutions to e-commerce brands, logistics service providers and marketplaces in Southeast Asia. (Source photo from Getty Images and logo from Janio's Facebook account)
DealStreetAsia

Singapore logistics service provider Janio secures fresh funding

Vertex Venture funds pumps $8m into startup; warrants can double the amount

23 May 2023
The partnership is the first between a global institutional investor and a listed real estate investment trust in India. (Source photo from Reuters and logo from Brookfield India Real Estate Trust website)
DealStreetAsia

Singapore's GIC, Brookfield India buy $1.4b of commercial property

Acquisition adds numerous office locations in Mumbai and Gurugram

22 May 2023
EngTek's CEO and chairman, Teh Yong Khoon, will continue in those roles at the company, which is based in Penang, Malaysia. (Source photos by Reuters and screenshots from PrimeMovers Equity and EngTek websites)
DealStreetAsia

Singapore's PrimeMovers, partner, take stake in Malaysia's EngTek

Transaction values machining components manufacturer at about $112m

19 May 2023
Akalarp Yimwilai, pictured, has resigned from his post as a director of troubled crypto exchange Zipmex Asia. (Source photo from  ZIPMEX's website and Akalarp Yimwilai's Facebook page)
DealStreetAsia

Akalarp Yimwilai quits as director of crypto exchange Zipmex Asia

Company says talks with potential investors not making progress

18 May 2023
East Ventures has invested in over 300 companies in Southeast Asia. (Source photo by Reuters and logo from East Ventures social media)
DealStreetAsia

Indonesia-focused East Ventures raises $250m for latest fund

First round close of Growth Plus vehicle pushes firm's funds raised to $835m

17 May 2023
Saratoga Investama Sedaya has invested in a range of companies across Southeast Asia since its founding in 1997. (Source photos by screenshot from Saratoga's website and Reuters) 
DealStreetAsia

Indonesia's Saratoga to cut natural resources investment exposure

Firm aiming to invest up to about $150m in renewable energy, health care this year

16 May 2023
BYJU is said to be aiming to soon close out $1 billion of investment. (Source photo by AP and logo from BYJU's website)
DealStreetAsia

India edtech Byju's gets $250m from U.S.-based Davidson Kempner

Talks said underway for another $750m from a sovereign fund by end of May

15 May 2023
Flash Coffee plans to continue growing in Indonesia, already its most mature market. (Screenshot from Flash Coffee's website) 
DealStreetAsia

Singapore's Flash Coffee closes Series B funding round at $50m

Grab-and-go chain to use fresh capital for Asia-Pacific expansion

12 May 2023
Tishman Speyer, which has been actively investing in India and China in recent years, is seeking to expand in the Asia-Pacific region. (Screenshot from Tishman Speyer's website)
DealStreetAsia

Singapore's Raffles Family Office teams up with Tishman Speyer

New York-based property developer aims to expand Asia-Pacific footprint

11 May 2023
Mumbai's financial district is shown in the background. Indian startups are turning to venture debt for working capital. (Source photo by Reuters and logo from Stride Ventures website)
DealStreetAsia

India's Stride Ventures hits first close of debt fund at $100m

Growing demand for capital spurs launch of new vehicles in recent months

10 May 2023
Hanoi-based Teky focuses on the delivery of science, technology, engineering, the arts and mathematics (STEAM) education. (Source photo by Getty Images)
DealStreetAsia

Vietnamese edtech startup Teky gets funding for service expansion

Singapore-based firm Sweef Capital invests $5m from women's empowerment fund

9 May 2023
Wavemaker Impact is focused on building companies that have the potential to reach $100 million in recurring revenue and also reduce carbon dioxide emissions by 100 million tonnes annually. (Source photo by Reuters and logo from YouTube)
DealStreetAsia

Singapore-based Wavemaker Impact nearing final close of debut fund

Founding partner says builder of climate tech ventures may exceed target

8 May 2023
IMG Academy offers student athletes development through boarding school, sports camps, virtual coaching and remote college recruiting. (Screenshot from IMG Academy's website)
DealStreetAsia

Asian private equity firm BPEA EQT to buy IMG Academy for $1.25bn

All-cash deal for 'elite' Florida-based sports school expected to close in Q3

28 April 2023
A worker at the Genghis Khan Statue Complex in Mongolia in 2019. The Hopu Magnolia Fund focuses on buyouts across the country.
DealStreetAsia

China's Hopu raises $141m for China-focused buyout fund

Private equity company has received at least 18 investor commitments

27 April 2023
Carlyle manages five Asia-focused buyout funds, totaling $15.55 billion, and two for China.
DealStreetAsia

Private equity giant Carlyle closes latest Asia fund at $950m

Backers include School Employees Retirement System of Ohio, which committed $75m

26 April 2023
Cosmose AI provides artificial intelligence-driven analytics and helps retailers connect with offline consumers via online ads. (Source photo by Reuters and logo from Cosmose AI website)
DealStreetAsia

Singapore's Cosmose AI raises funds; valuation jumps to $500m

Offline shopping analytics company's customers include LVMH and Estee Lauder

25 April 2023
Singapore's Oyika has ambitions to become Southeast Asia's leading EV service provider. (Source photo by Reuters with logos from Oyika and Banpu Next websites)
DealStreetAsia

Singapore EV battery startup Oyika secures $8.75m in funding

Thai smart energy company Banpu Next invests amount as part of Series B round

24 April 2023
The Jakarta central business district skyline is seen at dusk. Singapore and Indonesia accounted for over 80% of Southeast Asia's deal value in 2022.
DealStreetAsia

Southeast Asia's private equity deal value halved in 2022: Bain

Singapore and Indonesia account for largest share of investment capital

21 April 2023
A fish pond equipped with eFishery food dispensers in West Java, Indonesia. The startup wants to increase export contributions to its revenue. (Source photo by Getty Images, logos from eFishery official Twitter account and 42XFund website)
DealStreetAsia

Indonesia's eFishery in talks to raise about $100m

Fresh round led by UAE's G42 Global Expansion Fund

20 April 2023