Month: October 2022

Investments in Singapore-based startups reached S$14.7 billion ($10.3 billion) in 2021 with funding growing at 45% per annum between 2017 and 2021, according to data from Enterprise Singapore (EnterpriseSG). Amid a bleak global economic environment, venture funding in Singapore startups touched S$8.18 billion ($5.74 billion) in the first half of 2022 alone, up 54% compared …

Startup funding in Singapore grew 45% annually to reach S$14.7b in 2021: EnterpriseSG Read More »

While there has been an overall decline in early-stage deals in Southeast Asia during the first nine months of 2022, most venture capitalists feel the region has largely managed to beat the global funding winter. In a panel discussion titled “Are early-stage deals still hot amid funding winter?” at DealStreetAsia’s Asia PE-VC Summit 2022, Khailee …

No funding winter for early-stage deals in SE Asia, say VCs Read More »

Indonesian beauty tech startup Social Bella, known for its e-commerce brand Sociolla, has raised some $50 million in a round co-led by private equity firm L Catterton Asia and Singapore state investor Temasek Holdings, DealStreetAsia learnt. The funding, about a third of the capital Social Bella is understood to have originally set out to raise, …

Indonesian beauty platform Social Bella gets funding from L Catterton, Temasek Read More »

Fintech company FinAccel — the parent of Indonesian buy now, pay later player Kredivo — is seeking to raise up to $135 million in a Series D funding round, according to regulatory filings. As part of the round, the company plans to issue Series D-1, D-2 and D-3 convertible preference shares to investors at $27.14, …

Kredivo parent FinAccel seeks to raise up to $135m in Series D funding Read More »

Alibaba-owned e-commerce company Lazada South East Asia Pte. Ltd. racked up mounting losses in the financial year ended March 31, 2021, on the back of shrinking revenue, its latest regulatory filings show. The firm’s revenue fell more than 65% to $556,000 from $1.6 million the year before, according to its filings with Singapore’s Accounting and …

Lazada South East Asia reports shrinking revenue, surging losses in FY2021 Read More »

US infrastructure and real estate investment firm Stonepeak has so far raised $2.5 billion for its maiden Asia-Pacific fund, its filing with the US Securities and Exchange Commission showed. The fund, Stonepeak Asia Infrastructure Fund LP, has already received commitments from at least 13 investors and is just $500 million away from its $3-billion target. …

Investcorp said to buy into unit of Indonesia’s Kanmo Group Read More »