Category

Private Markets

Jan 19
0

Daily Brief Private Markets: ChatGPT: A Mind Boggling Advancement in AI-Human Communication and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • ChatGPT: A Mind Boggling Advancement in AI-Human Communication

ChatGPT: A Mind Boggling Advancement in AI-Human Communication

By Douglas Kim

  • ChatGPT is a mind boggling advancement in AI-human communication. I recommend EVERY reader of this insight to try out this service.
  • This insight on ChatGPT has three parts: First, I discuss the basics of ChatGPT and valuations. Second, I provide 13 examples of questions or requests that I made to ChatGPT.
  • Third, I discuss some key investment opportunities that could capitalize on all the “buzz” surrounding ChatGPT at this moment. 

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Jan 13
0

Daily Brief Private Markets: Imajin Reportedly Raises Seed Funding Round and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Imajin Reportedly Raises Seed Funding Round
  • India’s KreditBee Adds US$100m to Its Series D
  • Parenting Platform Supermom Closes US$6M Series A Led by Qualgro

Imajin Reportedly Raises Seed Funding Round

By e27

  • Init-6, East Ventures, 500 Southeast Asia, and a number of investors participated in this funding round for Imajin

  • Founded by Chendy Jaya, Imajin is a platform that connected local manufacturers with potential customers.
  • By July 2022, the startup has secured more than 400 local factory partners and 80 customers, including Japanese companies operating in Indonesia

India’s KreditBee Adds US$100m to Its Series D

By Tech in Asia

  • India-based KreditBee has added another US$100 million to its series D, with primary funding from equity investor Advent International.

  • Founded in 2018 by Madhusudan Ekambaram, Karthikeyan Krishnaswamy, and Wan Hong, the startup offers tech-enabled personal loans to working professionals.
  • KreditBee finances the loan through partnerships with banks and non-bank financial companies.

Parenting Platform Supermom Closes US$6M Series A Led by Qualgro

By e27

  • Singapore-based parenting network Supermom has closed its “oversubscribed” SG$8 (US$6) million Series A fundraising round, led by Qualgro, with participation from AC Ventures
  • The startup will use the money to enhance its data and product capabilities and accelerate regional expansion

  • Supermom provides data and consumer insights for over 200 consumer brands, including mother & child, education, FMCG, fashion, and beauty

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Jan 09
0

Daily Brief Private Markets: Ant Group: Shareholder Restructuring Announced and the Lack of IPO Plan Are Negatives Surprise and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Ant Group: Shareholder Restructuring Announced and the Lack of IPO Plan Are Negatives Surprise

Ant Group: Shareholder Restructuring Announced and the Lack of IPO Plan Are Negatives Surprise

By Victor Galliano

  • The announced restructuring of Ant Group holding companies will block founder Jack Ma from achieving majority voting on the board following the implementation of the holdcos adjustment
  • The majority of board directors will be “independent” post the holdco restructuring and they are likely to drive a more social policy focused agenda, as the 2021 sustainability report suggests
  • We see these developments, and especially the lack of IPO plan, to be negative for non-government aligned Ant Group shareholders, such as the international private equity groups and especially Alibaba

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Jan 06
0

Daily Brief Private Markets: HD and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • HD, the Airbnb for Surgeries in SEA, Secures US$6M Funding
  • Bio-Degradable Food Container Startup Alterpacks Raises US$1M Funding

HD, the Airbnb for Surgeries in SEA, Secures US$6M Funding

By e27

  • HD will use the funding to expand its team and develop its technology, enabling over 5,000 healthcare providers and thousands of surgeries by 2024.

  • HD, a Bangkok-headquartered startup operating the healthcare and surgery marketplace HDmall in Thailand and Indonesia, has received US$6 million in new funding.
  • HD is an online marketplace that powers over 1,500 healthcare providers, including hospitals. It connects patients to hospitals, clinics, operating rooms, and surgeons.

Bio-Degradable Food Container Startup Alterpacks Raises US$1M Funding

By e27

  • Alterpacks, a Singapore-based provider of biodegradable food containers, has closed its US$1 million pre-seed funding round.
  • The company provides new economic value to spent grains, a by-product of the food manufacturing process, after producing malted drinks, such as milo or beer.

  • Alterpacks is also creating bio-pellets to replace petroleum-based resins used in standard manufacturing machines today.

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Jan 04
0

Daily Brief Private Markets: Initial Thoughts on Golfzon County IPO: Impact on Golfzon Newdin Holdings and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Initial Thoughts on Golfzon County IPO: Impact on Golfzon Newdin Holdings

Initial Thoughts on Golfzon County IPO: Impact on Golfzon Newdin Holdings

By Douglas Kim

  • In this insight, we discuss our initial thoughts on the Golfzon County IPO which is likely in 1H 2023.
  • As of September 2022, Golfzon County owned and operated 18 golf courses and 387 holes, the largest in Korea. 
  • Golfzon Newdin owns a 43.2% in Golfzon County. We estimate Golfzon Newdin’s market cap to be 273 billion won or 6,369 won per share, representing a 44% upside. 

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Jan 01
0

Daily Brief Private Markets: Smilegate Holdings: A Giant Korean Game Company in Partnership with Amazon Games and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Smilegate Holdings: A Giant Korean Game Company in Partnership with Amazon Games

Smilegate Holdings: A Giant Korean Game Company in Partnership with Amazon Games

By Douglas Kim

  • Established in 2002, Smilegate Holdings is well known for its globally popular games including Crossfire (a first person shooter game), Lost Ark (MMORPG), and Epic Seven.
  • In August 2020, Smilegate RPG entered into a partnership with Amazon Games, reaching an exclusive publishing agreement for North America and Europe.
  • At a P/S valuation of 6-7x using company’s 2021 sales of 1.4 trillion won would suggest implied valuations of 8 trillion won to 10 trillion won for Smilegate Holdings.

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Dec 30
0

Daily Brief Private Markets: Tata-owned BigBasket adds $200m funding to cart and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Tata-owned BigBasket adds $200m funding to cart
  • Chinese driverless car firm nets nearly $100m series B money
  • Mitsubishi arm injects US$200M investment into digital finance platform Akulaku

Tata-owned BigBasket adds $200m funding to cart

By Tech in Asia

  • BigBasket, an India-based online grocery player owned by conglomerate Tata Sons, has raised US$200 million at a US$3.2 billion valuation, the platform’s co-founder and CEO Hari Menon told Tech in Asia.
  • Founded from a small office in Bengaluru in 2011 by Menon and four other partners, V S Sudhakar, Vipul Parek, Abhinay Choudhari, and V S Ramesh, BigBasket was acquired by Tata Sons through its subsidiary Tata Digital in 2021.
  • Largely focusing on online grocery, BigBasket has also expanded to quick commerce via BB Now and subscription-based service via BB Daily.

Chinese driverless car firm nets nearly $100m series B money

By Tech in Asia

  • Freetech Intelligent Systems, a China-based autonomous driving firm, has raised nearly US$100 million in its series B round, Nikkei Asia reported.
  • Chaos Investment led the round, with TCL Industries Holdings, BAIC Capital, and Hengxu Capital participating, among other investors.
  • Founded in 2016, Freetech creates a full-stack solution for autonomous vehicles, creating both software and hardware components to power cars.

Mitsubishi arm injects US$200M investment into digital finance platform Akulaku

By e27

  • Indonesia-based banking and digital finance platform Akulaku has secured a US$200 million investment from Japanese megabank Mitsubishi UFJ Financial Group (MUFG).
  • The investment will support its expansion of banking services across Southeast Asia, including underserved customers and markets.
  • The company’s future growth plans align with MUFG’s, and their joint expansion into new territories, markets, and products will accelerate heading into 2023.

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Dec 28
0

Daily Brief Private Markets: Yodobashi to Become Top 10 Retailer in Sogo Seibu Deal with Fortress and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Yodobashi to Become Top 10 Retailer in Sogo Seibu Deal with Fortress
  • BillionBricks Closes US$2.45M Seed Round to Build Affordable Net-Zero Homes

Yodobashi to Become Top 10 Retailer in Sogo Seibu Deal with Fortress

By Michael Causton

  • Although there are some points to iron out, Fortress Investment is in the final stages of negotiation to purchase Sogo Seibu from Seven & I, with Yodobashi Camera as partner. 
  • This is an exciting move for Yodobashi as it should be an excellent choice to leverage Sogo Seibu’s better locations and create more competition for rivals like Bic Camera.
  • Even so, some stores will no longer have a future under their existing banners and the acquisition will mark the final demise of a 170 year old brand and company.

BillionBricks Closes US$2.45M Seed Round to Build Affordable Net-Zero Homes

By e27

  • BillionBricks, a Singapore-based climate-tech startup combining clean energy and large-scale affordable housing, has closed a US$2.45 million seed funding round.
  • SGX-listed Thakral Corporation led the round with participation from ENGIE, a global low-carbon energy and services company.
  • BillionBricks was founded in 2013 as a non-profit by architect Prasoon Kumar and venture capitalist Anurag Srivastava to address the global climate and housing crises.

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Dec 24
0

Daily Brief Private Markets: ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm

ParagonCorp Arm Pours Funding into Indonesian Shariah Fintech Firm

By Tech in Asia

  • Alami, an Indonesia-based Shariah fintech startup, has secured an undisclosed amount in a capital injection from Paragon Beneva Investama, an investment arm of local cosmetics firm ParagonCorp.
  • Founded in 2018, Alami is a peer-to-peer lender that provides invoice financing to MSMEs in Indonesia.
  • The company has disbursed over 3 trillion rupiah (over US$191 million) to fund over 10,000 MSME projects across various strategic sectors in the country.

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Dec 22
0

Daily Brief Private Markets: Doctor Anywhere Acquires SG Healthcare Provider and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Doctor Anywhere Acquires SG Healthcare Provider, Nets $38.8m Funding
  • Aktivolabs scores US$10M Series A to help populations manage risk of chronic diseases

Doctor Anywhere Acquires SG Healthcare Provider, Nets $38.8m Funding

By Tech in Asia

  • Singapore-headquartered Doctor Anywhere (DA) is set to acquire medical services group Asian Healthcare Specialists (AHS) in a cash deal valued at about S$109 million (US$76.7 million) at an offer price of S$0.188 (US$0.13) per share.
  • The healthtech firm has also announced a US$38.8 million series C1 financing round led by Novo Holdings to partly fund the AHS acquisition and accelerate growth.
  • According to DA’s financial statements, the company’s revenue hit S$31.9 million in 2021, an over 2.8x growth from the previous year

Aktivolabs scores US$10M Series A to help populations manage risk of chronic diseases

By e27

  • Singapore-based digital health-science company Aktivolabs has secured US$10 million in a Series A round of investment led by Mitsui & Co, Adaptive Capital Partners, and SEEDS Capital.
  • The company will develop the existing algorithm and data-analytics programme to enhance the efficiency and accuracy of predicting, preventing and self-managing chronic disease using digital biomarkers.
  • The platform harnesses real-time digital health data elements in a low-touch, cost-effective manner with measurable actuarial and actionable value to life and health insurers.

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