The fund is anchored by alternative investments firm Sun Hung Kai, an existing investor.
Four must-attend sessions at the Indonesia PE-VC Summit 2023
Temasek-backed Singapore logistics firm Haulio buys Indonesian peer Logol
India Digest: RENEE Cosmetics raises $25m; Virgio snags $10m in extended Series A
Malaysian EWA startup Paywatch raises $9m and other SE Asia deals
UK-based asset manager ICG appoints APAC infrastructure investment team
Singapore’s AirCarbon Exchange looks to raise $50m in Series B funding
Vietnam: KKR-backed EQuest takes controlling stake in Khoi Nguyen Education
Indonesian carbon technology startup Fairatmos raises $4.5m in seed round funding
Thai VC firm V Ventures to buy embattled crypto platform Zipmex for $100m
Lazada receives another $342.5m capital infusion from Alibaba
The firm will use the proceeds to upgrade its technology platform as well as for team expansion.
The firm raised over 300m yuan ($46 million) in a Series C round in August 2021.
It snapped a strategic investment from Cypress Capital in a Series A round in July 2020.
This brings Alibaba’s total investment in Lazada so far this year to more than $1.6b.
IPOs & Markets
The IPO is the second largest in Hong Kong in 2022.
Flexi Group plans to merge with TG Venture Acquisition and list on the Nasdaq.
It had aimed to raise up to $1b last year but the deal was put on hold because of market uncertainties.
The options being explored include a sale.
Velocity Ventures, Phillip Private Equity, and Prizm Ventures also backed the F&B SaaS startup.