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
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
Asia PE-VC Summit 2023
US-China tensions have put the Middle East in a “block-less” and “balanced” position.
The American social app taps e-commerce despite potential Indonesia headwinds.
Policy & Regulations
The landmark “Chips and Science” law provides $52.7b for US chip production and R&D.
The fund manager has asked that the deadline be shifted to Oct 15 from Sept 30.
A viable cold storage EV could be a lucrative niche for Singauto in the Chinese EV market.
Existing investors Aavishkaar Capital, Chiratae Ventures & Trifecta Venture Debt Fund also participated.
Foreign lessors have been locked in a legal tussle to repossess their aircraft.
The consortium includes energy firm Adaro and conglomerate Astra International.
VNG had officially filed for the IPO last month.