Deals
Saratoga Investama, K3 Ventures, and AppWorks were among the investors.
1
Vietnam-based Dat Bike in talks to raise at least $10m in Series B funding
2
QED sharpens Asia playbook with bigger cheques, expanded footprint
3
Grab names Alejandro Osorio as new MD for Singapore
4
Employees mull legal action against BluSmart over unpaid salaries
5
Oman sovereign wealth fund in preliminary pact with Algeria for $300m fund
More Stories
Nestle India said to be in talks to invest in pet food brand Drools
Waste management firm Blue Planet raises fresh funds from BBC Ventures
JAFCO Asia deal marks Bee Alternatives’ evolution into a multi-asset investment platform
foodpanda’s Thai exit marks churn in SE Asia’s food delivery market
SG edtech startup Manabie raises $23m Series B funding led by JIC Venture
Analysis
The week saw a slew of Southeast Asian tech giants report their Q1 earnings.
Gaming segment contributed over 75% of its revenue in the March quarter.
People
Husted may focus on fintech arm; Thohir stepping down to focus on his family business.
Private Equity
The firm specialises in manufacturing and selling neurology products.
The financing was led by TA Ventures.
Tiket.com was the biggest contributor to the group’s Gross Profit Before Discount.
The financial services business has logged two consecutive quarters of positive adjusted EBITDA.
Earnings and Results
The company posted a net profit of $7 million.
The company posted an adjusted EBITDA of 393 billion rupiah in Q1—its highest ever.
