Exit in Southeast Asia slows in 2020 but the coming years look promising; A report by Golden Gate Ventures and INSEAD says there are 107 exits in 2020, down from 115 in 2019 and 124 in 2018; The average size of M&A deals in 2020 is 74.7 million USD and Singapore topped the rankings with an increase of ~ 3.66 billion; The report forecasts the number of exits in the period 2020-2022 will be 468.
SEA’s Alibaba? How GoTo is shaking up fintech in the region; The group claims they have a gross transaction value (GTV) of US$22 billion and 100 million + MAU, creating a digital ecosystem covering 2% of Indonesia’s GDP; The holistic nature of GoTo’s ecosystem makes it fertile ground for providing digital financial services, as can be seen from Ant’s success in China.
In the post-COVID-19 world, Vietnam is SEA’s newest hot spot for VC investment; Total investment in domestic startups in Q1/2021 reached USD 100 million+, an increase of about 34% year-on-year; The country’s startup ecosystem has been transformed from the second least active to the third most active among ASEAN countries, behind only Indonesia and Singapore.
Thai food delivery startup Line Man Wongnai seeks funding, IPO; In July, Line Man, the delivery unit of Japanese messaging company Line, merged with Thai restaurant aggregator Wongnai and raised US$110 million from BRV Capital; The company believes its valuation will exceed US$1 billion and the realistic target for an IPO is within 2-3 years.
Beryllium raises US$3 million to introduce trading system for fantasy sports; Investors are Bullpen Capital (led), Genting Ventures and Velo Partners; The Singaporean startup recently launched Sixer, a fantasy game where you can buy and sell imaginary stocks in cricketers.
Flipkart in talks to raise US$700 million from SoftBank; mint said citing sources that the proposed investment from SoftBank’s Vision Fund 2 is part of a $1.2-1.5 billion round; The transaction is expected to value Flipkart at $28-30 billion; The deal is expected to close in 3-4 months.
Bukalapak raises US$300 million from domestic IPO; A DealSteetAsia the report cites sources that the amount is likely to increase if demand from investors is high; According to a Bloomberg report in March, the e-commerce giant is also exploring the possibility of listing in the US through the merger of SPAC for $4-5 billion; Bukalapak is understood to be currently worth US$3.4 billion.
Fintech SaaS company Rapyd creates venture arm to invest in early-stage fintech startups; Rapyd Ventures will primarily work with startups after their seed round and through Series B funding that have unique and expanding customer and market insights based on current market traction. have.
Start-up Medtech Prixa raises US$3 million; Investors are MDI Ventures, Trans-Pacific Technology Fund, and Siloam Hospitals Group; The startup builds an AI-based healthcare management platform that covers basic medical services like telemedicine; It also includes features to assist healthcare payers, both individuals and businesses.
Vietnam’s HANET bag Series A from G-Group to bring its AI camera to the global market; The cameras boast high-speed facial recognition that can detect people even when they’re wearing masks; G-Group is a leading technology corporation in Vietnam, focusing on investing in fintech, media-tech and cybersecurity.
Indonesia’s GoKampus rises ahead of Series A; Investors are Sovereign’s Capital, SALT Ventures, Azure Ventures and Angels; goKampus is an education company that offers services ranging from enrollment to university programs, virtual courses to scholarships and job markets.
Genesis Alternative Ventures partners with Aozora Bank to help Japanese startups expand into Southeast Asia; This follows Genesis’ announcement of the final closure of the $80 venture debt fund in April of this year; As a private lender to growth and venture-stage companies, Genesis has backed startups such as TaniHub, Hmlet, Horangi Cybersecurity and Deliveree.
Swiss insurance tech startup Riskwolf solicits funding, to launch ‘discontinued benefits product’ in Southeast Asia; Investors are the Swiss network of SICTIC angels, and unnamed angels and professional investors in Europe, America and Asia; Riskwolf’s platform is capable of detecting internet outages, modeling insurance risks and real-time payouts.
Digital banking continues to gain traction in the Philippines; One study found that more than 8 out of 10 Filipinos are aware and interested (81%) in using digital banking services; Filipinos interested in digital banking want to use services such as bill payment (84%), domestic money transfer (78%), deposit and withdrawal (76%) and purchase payment goods at local retail outlets (71%) ).
The next level of e-commerce payment processing; From the merchant’s point of view, three levels of optimization are needed for a seamless checkout experience – improvements to vendor feedback, integration, and payments; Payment optimization reduces the number of steps consumers need to take when paying for goods online; Fewer steps mean less frustration and fewer abandoned baskets.
5 promising agricultural startups in Vietnam; They are Demeter, MimosaTEK, Hachi, Zero.ai, and natural Vietnam; Statistics show that Vietnam’s agricultural sector accounts for 14.85% of the country’s GDP in 2020; The industry also provides 39.45% of the total employment in the country.
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