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Indonesia’s fintech sector is making VCs so happy right now
Indonesia’s fintech sector has evolved into a fully fledged modern ecosystem driven by payments, lending, and wealth tech. VCs are reportedly well pleased. Read more…
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Should Southeast Asia tech players be worried about SVB?
The collapse of Silicon Valley Bank (SVB) has sparked concerns in Southeast Asia about its impact the regional tech landscape. The short answer: it depends. Read more…
Views
Why are consumer experience innovations underrated by VCs?
VCs get very excited about things like B2B SaaS, but not solutions that improve consumer experiences, even though the latter is the larger market opportunity. Read more…
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Temasek’s Vertex to raise $500m for new China tech fund
VC firm Vertex Ventures is set to raise nearly $500 million for a new fund that will invest in efforts to step up China’s domestic tech development. Read more…
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Singtel ups investment in technology start-ups via Innov8
Singtel has announced a plan to invest a further US$100mn into Singtel Innov8, its corporate venture arm, raising its total capital commitment to US$350mn. Read more…
Views
How a Web3 bubble bust could potentially tank the global economy
VCs are throwing money at Web3, but some fear the crypto aspect is creating the conditions for another Great Recession when the bubble bursts. Read more…
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Andreessen Horowitz sets up $500 million fund for Indian startups
Andreessen Horowitz is betting big on India’s fast-growing internet market and has set aside a $500 million fund to back local startups. Read more…
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CoinDCX raises more funding despite India’s unfriendly crypto taxes
CoinDCX has raised a fresh $135 million in funding in its series D round even as it feels the heat from India’s new crypto taxes. Read more…
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Square Peg raises $550m fund, keen to throw a lot of it at SEA startups
Square Peg is raising $550 million to expand its commitment to back startups, with a growing focus on Southeast Asia’s booming tech markets. Read more…
Views
Quantum computing is further away than marketing hype makes it look
Quantum computing start-ups say their solutions will be commercial and profitable in a few years. “How?” asks quantum physicist. Read more…
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ThinkZone Ventures launches Vietnam’s largest VC fund yet
Vietnam-based VC firm ThinkZone Ventures recently launched the $60 million ThinkZone Fund II – the largest local VC fund to date. Read more…
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Indian gaming community platform Turnip secures $12.5m from investors
Mobile-first gaming community platform Turnip has secured $12.5 million in a new financing round co-led by Greenoaks and Elevation Capital. Read more…
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Indonesian aquaculture start-up eFishery lands major financing
Indonesian fish farming company eFishery secures what it claims to be the world’s largest round of financing by an aquaculture tech startup. Read more…
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After IPO drought, VTAC and Pegasus Asia lead Singapore’s first SPAC listings
The first blank-check listings are set to kick off in Singapore, as SPACs VTAC and Pegasus Asia launch their IPOs. Read more…
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GrowSari could receive $10 million injection from IFC
IFC is considering a $10 million investment in GrowSari, a Philippines-based B2B platform that enables sari-sari stores to order supplies. Read more…
Views
The silver lining in China clampdown on foreign IPO listings
The clampdown on foreign IPOs would add legitimacy to what has been a very grey and increasingly dangerous aspect of Chinese investing. Read more…
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Indonesia opens doors for US investments into local startups
Indonesia launches an online networking event to invite US investors and VCs to get in on the country’s thriving startup environment. Read more…
Views
So much cash is sloshing around in the system – what to do with it?
There is so much cash sloshing about in venture capital companies and anyone with an eye on M&A opportunities. That must good, right? No. Read more…
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Thailand leads Southeast Asia IPO boom with $4.2b in 2021 so far
Thailand was the biggest generator of IPO activity in SEA for the first 10.5 months of 2021 as more digital and tech companies go public. Read more…
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Bank Bumi Arta investment escalates Indonesia’s digital banking rush
Tech firms are swiftly entering Indonesia’s banking sector, with Ajaib’s $52m investment in Bank Bumi Arta the most recent development. Read more…