Category

Private Markets

Jan 10
0

Daily Brief Private Markets: Revfin gets $14m from Omidyar Network and more

By | Daily Briefs, Private Markets

In today’s briefing:

  • Revfin gets $14m from Omidyar Network, others to bolster EV loans for Indians
  • Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27
  • LiveIn to widen SEA footprint with $8.3m series B
  • Semaai nets US$4.7M to expand its agritech, fintech solutions to Central Java | e27

Revfin gets $14m from Omidyar Network, others to bolster EV loans for Indians

By Tech in Asia

  • As electric vehicles gain popularity across the globe, they are still typically more expensive than gasoline-powered vehicles.
  • One area where EVs still lag behind is auto financing, which – in its regular iteration – does not necessarily cater to EVs’ specific needs.
  • Indian fintech startup Revfin aims to change that, and, in turn, make EVs more accessible to consumers.

Komunal lands US$5.5M in Series A+ round to digitalise rural banks in Indonesia | e27

By e27

  • Komunal, a fintech company offering neo-rural bank services in Indonesia, has raised US$5.5 million in a Series A extension funding round led by Sumitomo Corporation Equity Asia.
  • Jafco Asia, Skystar Capital, Sovereign Capital, and Gobi Partners co-invested.
  • With the Series A+ funding, the startup aims to drive financial inclusion in Indonesia by digitalising rural banks.

LiveIn to widen SEA footprint with $8.3m series B

By Tech in Asia

  • LiveIn, a proptech firm headquartered in Malaysia, has raised US$8.3 million in its pre-series B funding round led by Wavemaker Partners and InterVest.
  • Malaysia Debt Ventures (MDV), Jungle Ventures, and CAC Capital also participated.
  • Currently operating in Malaysia and Thailand, LiveIn plans to use the new funds to enter new markets, including Vietnam and Indonesia, by 2024. The company also aims to expand to the Philippines and into new urban areas, and introduce new service features on its platform.

Semaai nets US$4.7M to expand its agritech, fintech solutions to Central Java | e27

By e27

  •  Indonesian agritech startup Semaai has secured US$4.7 million (approximately IDR 73 billion) in a mix of equity and debt financing led by CyberAgent Capital (Japan).
  • New investors Sumitomo Corporation Equity Asia, Ruvento, MyAsiaVC, and Heracles Ventures, besides existing backers Peak XV’s Surge, Accion Venture Lab, and Beenext, participated.
  • This brings its total funding raised to date to US$7.6 million.

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Jan 07
0

Top 10 Highlights from the APAC PE, VC and Startup Ecosystem this Week – 07 Jan 2024

By | Private Markets, Smartkarma Newswire

Top ten highlights from the APAC PE, VC, and startup ecosystem this week:

  1. Perplexity AI Raises $73.6 Million: Perplexity AI, a startup focused on AI development, successfully raised $73.6 million in funding. Investors include Nvidia and Amazon founder Jeff Bezos.
  2. Microsoft’s New “Copilot Key”: In a major update, Microsoft announced the addition of a “Copilot key” to the Windows keyboard. This marks the first significant change in the device in nearly three decades.
  3. Vietnam Shines in AI Development: Experts believe that Vietnam is at the forefront of AI development in Southeast Asia. The country’s ecosystem is poised for growth, with the presence of large tech companies and government investments.
  4. Startup Closures and Layoffs: Several startups faced closures and layoffs in
  5. Funding dried up, leading to a decrease in mega-rounds and job loss for many employees.
  6. Edtech Sector Struggles: The edtech sector experienced challenges in various countries. While Indonesia saw the closure of several high-profile startups, Vietnam’s edtech sector showed resilience with multiple growth-stage transactions.
  7. Asia’s Venture Capital Investments in 2024: Despite the struggles of 2023, Asia can expect a slightly better year for venture capital investments in
  8. The region has adapted well to the high-interest rate environment and is poised for growth.
  9. Middle East Funds Dominate Investments: Middle East funds, particularly those from Saudi Arabia’s PIF, demonstrated significant appetite for deals in
  10. Investments in the region surpassed those of Singapore’s GIC and Temasek.
  11. Southeast Asia Focuses on ESG: Fund managers in Southeast Asia are placing greater emphasis on environmental, social, and governance (ESG) execution. Limited partners (LPs) are prioritizing sustainability in their investment strategies.
  12. Notable Deals and Fundraising: Highlights include Maya Innovations securing $80 million in funding, Swap Energy raising $22 million in a Series A funding round, and Creador-backed UNOAsia raising up to $15 million through a term loan.
  13. People News: Executives from various companies, including ONE Championship and BYJU’s, made notable career moves in the new year.

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