We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products that’s been making strides — today it announced a $23 million Series C round ahead of a bigger round and impending global […]
View More Moglix raises $23M to digitize India’s manufacturing supply chainCategory: temasek
Moglix raises $23M to digitize India’s manufacturing supply chain
We hear a lot about India’s e-commerce battle between Walmart, which bought Flipkart for $17 billion, and Amazon. But over in the B2B space, Moglix — an e-commerce service for buying manufacturing products that’s been making strides — today it announced a $23 million Series C round ahead of a bigger round and impending global […]
View More Moglix raises $23M to digitize India’s manufacturing supply chainTNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startups
TNB Aura, a recent arrival to Southeast Asia’s VC scene, announced today that it has closed a maiden fund at SG$31.1million, or around US$22.65 million, to bring a more private equity-like approach to investing in startups in the region. The fund was launched in 2016 and it is a joint effort between Australia-based venture fund Aura […]
View More TNB Aura closes $22.7M fund to bring PE-style investing to Southeast Asia’s startupsGoogle report: Southeast Asia’s digital economy to triple to $240 billion by 2025
It may sit in the shade of China and India, but tech has real growth potential in Southeast Asia. Home to a cumulative 650 million people, the region’s digital economy is forecast to triple in size and reach $240 billion over the next seven years, according to Google’s third “e-Conomy SEA” report. The annual study, which […]
View More Google report: Southeast Asia’s digital economy to triple to $240 billion by 2025Even the world’s largest crypto exchange needs help from traditional VCs
Crypto-anarchists may not like it, but money doesn’t buy everything. Sometimes, you just need the help of a traditional venture capitalist. Binance is the fastest growing company in crypto — having risen to become the world’s largest crypto exchange based on trading volumes in under one year — but even it needs help from the old […]
View More Even the world’s largest crypto exchange needs help from traditional VCsTencent backs fintech firm Voyager to set up battle with Alibaba in the Philippines
China’s internet battle is rapidly reproducing itself in Southeast Asia. One new hotspot is the Philippines, where Tencent just agreed to invest in Voyager, a fintech business started by telecom firm PLDT. The deal would bring Tencent into direct competition with arch-rival Alibaba, which entered the Philippines 18 months ago when its fintech affiliate Ant […]
View More Tencent backs fintech firm Voyager to set up battle with Alibaba in the PhilippinesEight Roads Ventures targets Southeast Asia deals
Eight Roads Ventures, the investment arm of financial giant Fidelity International, is moving into Southeast Asia where it sees the potential to plug the later stage investment gap. The firm has funds across the world including the U.S, China and Europe, and it has invested nearly $6 billion in deals over the past decade. The firm […]
View More Eight Roads Ventures targets Southeast Asia dealsGo-Jek plans to raise $2B more for Southeast Asia ride-hailing battle
Indonesia’s Go-Jek is planning to raise $2 billion from investors to fuel its ride-hailing battle with Grab in Southeast Asia. Go-Jek raised $1.5 billion earlier this year from investors that include Chinese trio Tencent, Meituan and JD.com, as well as Google, Allianz and Singapore sovereign fund Temasek. Now it is planning to raise a further […]
View More Go-Jek plans to raise $2B more for Southeast Asia ride-hailing battleGolden Gate Ventures closes new $100M fund for Southeast Asia
Singapore’s Golden Gate Ventures has announced the close of its newest (and third) fund for Southeast Asia at a total of $100 million. The first hit a first close in the summer, as TechCrunch reported at the time, and now it has reached full capacity. Seven-year-old Golden Gate said its LPs include existing backers Singapore […]
View More Golden Gate Ventures closes new $100M fund for Southeast AsiaImpossible Foods is going to every White Castle
Five months after launching a pilot program with the iconic White Castle fast food chain, Impossible Foods is taking its meatless burger substitute to every one of the company’s restaurants. Impossible Foods goes to White Castle With the rollout, White Castle becomes the largest fast food chain to include the Impossible Burger on its menu […]
View More Impossible Foods is going to every White CastleSingapore’s Openspace Ventures closes new $135M fund for Southeast Asia
It seems like everyone is out there raising new funds in Southeast Asia. Weeks after we reported Golden Gate Ventures hit a first close on its third fund aimed at $100 million, so Openspace Ventures — the Singapore-based firm formerly known as NSI — has announced a final close of $135 million for its second […]
View More Singapore’s Openspace Ventures closes new $135M fund for Southeast AsiaRent the Runway inks $200 million credit facility with Temasek
Rent the Runway today announced that it has partnered with Temasek for a $200 million credit facility. Founded in 2009, Rent the Runway lets users rent items of clothing for special events or occasions, bringing runway styles to folks without the cash to purchase the clothing outright. Rent the Runway started out by letting users […]
View More Rent the Runway inks $200 million credit facility with Temasek