Top ten highlights from the APAC PE, VC, and startup ecosystem this week:
- TikTok acquires a 75% stake in Indonesian company Tokopedia, leading to adjustments in Tokopedia’s investment portfolio.
- Tokopedia has made strategic investments in various startups, including SiCepat Ekspress, Anteraja, Sayurbox, Laku6, Carousell, and Xurya.
- The startups in Tokopedia’s investment portfolio could benefit from leveraging TikTok’s infrastructure and reach.
- Grab and GoTo Group are reportedly in talks for a merger, as they aim to compete better in Southeast Asia’s ride-hailing market.
- Teacher Retirement System of Texas commits $125 million to CVC Capital Partners Asia VI, while New York State Teachers’ Retirement System invests up to $150 million in Hahn & Company’s new fund.
- TH Capital aims to raise $100 million, LongCapital closes its third deep tech fund, and NIO Capital raises over 3 billion yuan for new energy vehicle investments.
- Navis Capital Partners expects to secure the first close of its $350 million Navis Asia Credit Fund in May 2024.
- Orient Growth Ventures closes its second fund with $90 million in commitments, while Brookfield Asset Management raises $10 billion for its Brookfield Global Transition Fund.
- The Carlyle Group secures the first close for its fifth Japan buyout fund, and Accion International raises $127.5 million for its microfinance-focused vehicle.
- Various companies announce deals, including Investree’s rescue plan, xalts’ acquisition of Contour, Thryve.Earth’s seed funding, Startale Labs’ funding round, and VinCSS’s Series B funding round plans.
APAC Private Markets Research
Explore latest Insights on APAC Private Markets on Smartkarma
Disclaimer:This article by is general in nature and based on publicly available information and not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material. While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
Have feedback on this article? Concerned about the content? Get in touch with us directly.
💡 Before it’s here, it’s on Smartkarma
Sign Up for Free
The Smartkarma Preview Pass is your entry to the Independent Investment Research Network
- ✓ Unlimited Research Summaries
- ✓ Personalised Alerts
- ✓ Custom Watchlists
- ✓ Company Analytics and News
- ✓ Events & Webinars
Also, check out the latest in ECM Research on Smartkarma
