February 14, 2021
Southeast Asia has drawn increasing interest from global venture capital (VC) firms wanting a slice of the emerging market growth story. A total of $4.08 billion was raised by nine global funds in 2020 with significant allocations for private companies in the region, a massive jump from $867 million bagged by five funds in 2019, per our latest report, SE Asia’s VC Funds: Q4 2020 Review.
On the other hand, Southeast Asia’s venture capital firms suffered a significant 39% drop in fundraising at $1.96 billion in 2020, as travel restrictions in the wake of the COVID-19 pandemic and increased limited partner caution affected fundraising.
Staying with data-led stories, we captured deal-making activity in Greater China where private equity and venture capital firms took a breather in January after the hectic deal flow witnessed towards the end of 2020. Chinese startups collected almost $7.5 billion in January 2021, down 17.6% from December, according to our data. Th
Press release content from PR Newswire. The AP news staff was not involved in its creation.
L Catterton Announces Senior Hires to Asia Investment Team
February 7, 2021 GMT
GREENWICH, Conn., Feb. 7, 2021 /PRNewswire/ L Catterton, the largest global consumer-focused private equity firm, today announced the appointment of two senior hires to its India and South East Asia investment teams. Yock Siong “Song” Tee will join the firm in the Singapore office on March 1, to oversee South East Asia. Anjana Sasidharan will join in the Mumbai office on February 15, to oversee earlier-stage investments across India and South East Asia.
Mr. Tee joins L Catterton from Affinity Equity Partners, one of Asia’s largest private equity firms, where he covered the South East Asian markets, executing a number of notable late-stage growth and buyout transactions across the consumer, healthcare, and education sectors. Prior to joining Affinity, Mr. Tee was an Associate Director at Temasek, where h
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Singapore Reporter/s
In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digi
Synopsis
KludeIn 1 Acquisition Corp., a special purpose acquisition company, raised about $173 million in an initial public offering in January.
KludeIn is aiming for a target with an enterprise value of $1.5 billion or more, he said, declining to specify which companies they are in discussions with.
A blank-check company backed by former Morgan Stanley India head Narayan Ramachandran has set its sights on acquiring a US software firm with links to the South Asian country.
KludeIn 1 Acquisition Corp., a special purpose acquisition company, raised about $173 million in an initial public offering in January. The Nasdaq-listed firm aims to combine with a software or technology-enabled business serving consumers or companies in the US, according to its IPO prospectus.
A blank-check company backed by former Morgan Stanley India head Narayan Ramachandran has set its sights on acquiring a US software firm with links to the South Asian country. KludeIn 1 Acquisition Corp, a special purpose acquisition company, raised about $173 million in an initial public offering in January. The Nasdaq-listed firm aims to combine with a software or technology-enabled business serving consumers or companies in the US, according to its IPO prospectus. “We are looking at companies which have a story connection to Indian diaspora,” said Ramachandran, chairman and chief executive officer of KludeIn, in an interview. “It could be companies in the US run by Indians, or a US company with significant business in India or Indian entrepreneurs.”