Policy & Regulations
The consortium includes energy firm Adaro and conglomerate Astra International.
Malaysian wealthtech firm Versa aims for profitability by 2027, says GTV to double every year
Asia PE-VC Summit 2023: The Middle East is in a position to spur investments in Asia
TikTok's rise in Southeast Asia spells trouble for US rival Snapchat
US readies rules to prevent China from cashing in on $52b chip funding
PE giant KKR asks Telecom Italia to extend deadline for grid bid
More Stories
Singapore’s Growtheum Capital closes debut fund at $567m, a tad below target
Hit by China-US tensions, GGV Capital to spin off Singapore-based Asia business
Vietnamese unicorn VNG defers US IPO to April next year
Indonesia consortium invests $1.3b in new capital
TikTok’s rise in Southeast Asia spells trouble for US rival Snapchat
Analysis
Kelvin Tan, the former MD and global head of SC nexus, will lead audax as its CEO.
Deals
Online grocery platform Segari issued shares to investors, including SIG and Argor Capital, this week.
Experts see potential in B2B fintech payments, BNPL, and virtual credit cards.
Venture Capital
Sources indicated the company was struggling with cash management.
Fund I was closed at $20m last year, against its original target of $15m.
The startup had raised a pre-seed round led by East Ventures in March.
Biotech company Engine Biosciences received capital last week from Coronet Ventures.
Budget chain aims to increase properties to 8,000 over next few years.
The agreement marks the first deal under an MoU between IFC and the Indonesian ministry of health.
