Following its acquisition, MyWork will continue to operate as an independent company.
India: Facebook invests $25m in social commerce startup Meesho: Report
Singapore’s Trax acquires US-based retail rewards app Shopkick
Indonesian P2P lender KoinWorks closes $12m Series B funding round
Temasek co-leads $130m Series E in US-based lending platform Blend
India Dealbook: TCS raises stake in Japanese JV; Affle acquires RevX Inc
Sieu Viet Group acquires Vietnamese HR platform MyWork
Piramal Group in talks with SoftBank, GIC to raise up to $750m
Myanmar’s Irrawaddy Green Towers on the block as PE investors seek exit
SG’s Tin Men Capital raises $20.8m from 50 investors for first fund
Sinopharm, Cedarlake and SG’s Novena form $150m SE Asia healthcare fund
The firm won the $1 million top prize at the 2019 Startup World Cup last month for its AI-powered route optimization and transport management platform
If Tiki reaches certain KPIs set by investors, it could even raise as much as $150 million in this round.
IPOs & Markets
Ministry of Health, which owns 65% in the firm, may resume the divestment plan soon.
Policy & Regulations
The Vietnam Competition and Customer Protection Authority (VCA) had earlier said that the acquisition had breached Vietnamese regulation.
Q & A
Last year, Sendo raised $51 million in a Series B round led by SBI Group.
Valhalla is targeting a $25-50 million fund but is aiming to hit a first close at $10 million.
Viettel Post seeks to cash in on its nationwide presence, ecosystem of payments and infrastructure.
PE investments in Vietnam in 2018 stood at $1.6 billion, up 285 per cent from 2017.
This marks the Series B investment round for Rever.
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