Venture Capital
The Hibiscus Fund-backed firm plans to launch new products and double down on marketing.
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
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The fund will allocate RM250 million, or 50% of the corpus, for direct investments into startups
Deals
The exchanges are set to explore a range of initiatives to spur the adoption of good ESG practices.
COREF’s funds under management now stand at over S$1b.
The results of the bidding process will be disclosed in October, sources said.
The ‘HSBC New Economy Fund’ will support startups in the Series B stage and beyond.
Cradle will provide market intelligence to Bursa Malaysia.
Unicorns
Carsome is also ready for an IPO but is in no rush to list, said Eric Cheng.
Ramsay Sime Darby Health Care could be valued at $1.5b.
The talks come as Pertamina aims to double its geothermal capacity by 2027-2028
