People
As many startups continue to downsize, fractional hiring has become a hot topic among founders and VCs.
Chinese memory chipmaker CXMT raising $1.5b in fresh round despite US sanction threats
India: Muthoot Microfin secures $75m through external commercial borrowings
India Digest: Blume leads $7.5m funding in Bambrew; Sindhuja Microcredit raises $14.5m from GAWA, Oikocredit
Blackstone to add private equity assets worth $25b in India: Report
SEA Digest: Indonesia launches new crypto rule; Singapore to accredit 5 BNPL operators
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India: Former Premji Invest execs-led PE firm Trident Growth eyes $250m debut fund
Vietnam-based PE firm Mekong Capital testing new waters for future growth
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
SE Asia-focused PE funds salvage 2023 performance with strong H2 fundraising
SG’s Fractional aims to deliver more brand bang for startup’s buck
Analysis
The firm will use the funds to settle some of its outstanding debts, CEO William Li told Reuters.
Chinese startup fundraising fell only 5% in 2023, as deal volume rose 13%.
Venture Capital
ROCX’s fund deployment period will be over 2-3 years.
Asia PE-VC Summit 2023
The panel discussion revolved around the challenges that grip the startup ecosystem in India and SE Asia.
Unicorns
The company has also formed an upGrad Institute (UI) in Singapore.
Deals
This edition features sobering news from one of the largest investors in the world.
Spiral Capital was the lead investor in the equity issuance.
Private Equity
Deal count also fell from 207 in 2021 to 176 last year — a 15% decline.
The investment is Ford’s first in the Southeast Asian country.