Insignia Ventures Partners, a Singapore-based firm founded by a former venture partner of Sequoia Capital, has closed its second Southeast Asian fund at $200 million. The new fund underscores a growing interest in Southeast Asia’s startup scene. A number of VC firms, including Temasek Holdings Pte.’s Vertex Ventures and Vulcan Capital, the investment house of late Microsoft Corp. co-founder Paul…
Insignia Ventures’ first fund was at US$120 million last year, claimed to be the largest maiden vehicle by a Southeast Asian venture capital firm Insignia Ventures Partners, Singapore-based venture capital group announces that it has closed an oversubscribed second fund at US$200 million, The Business Times reported. Insignia noted that the partners of the fund include premier institutional investors such…
New York’s Rho Business, which wants to create a digital business banking system for early-stage and high-growth startups, has raised a $4.9 million seed round led by Inspired Capital. In simple words, Rho wants to work as basic operational banking infrastructure for startups. What exists in the market today can prove a challenging fit for young companies. Founded by Everett…
India's mega fintech Paytm is close to bagging $2 billion of new financing from well-known investors, enough to fend off an influx of new rivals, according to people familiar with the matter. Jack Ma's Ant Financial, Japan's SoftBank Group Corp and Rob Citrone's Discovery Capital Management are in Paytm's latest financing round, boosting the cash horde of the Indian mega…
Venture capital investment in India in the next two quarters is unlikely to be as robust as the third quarter of calendar year 2019, according to research from KPMG. The total venture capital investment in the country during the July-September quarter was $3.5 billion, higher than the second-quarter amount of around $2 billion. These include large deals such as $490…
In an attempt to boost awareness and knowledge about sustainable and factor investing, Robeco has made its educational platform available to all investment professionals in Hong Kong and Singapore. The «Robeco Essentials» platform aims to share the asset manager’s views on the latest investment topics through various mediums including animated videos, charts, case studies, and summaries. Content is organized into…
Singapore has overtaken the U.S. to become the most competitive nation in the world, according to the World Economic Forum (WEF). In its 2019 Global Competitiveness Report, the WEF measured the strength of 103 key indicators, such as inflation, digital skills and trade tariffs, across 141 countries. The key indicators in the report were organized into 12 pillars, which included…
In the dizzying world of technology startups, it’s easy to get lost in the hype of hot trends such as AI, blockchain, VR/AR and machine learning. What is often forgotten is the fact that some of the best startups in the world solve the simplest of problems. This is exactly the approach that Pascal Henry, who is the CEO and…
South-east Asia’s (SEA) internet economy is now worth US$100 billion, and will triple to US$300 billion by 2025, an annual report on the region’s digital economy has found. Of this, US$12 billion was from Singapore – slightly over 10 per cent of the regional total. Jointly published by Google, Temasek, and Bain & Company, the report – released on Thursday…
Udaan, the fastest Indian startup to achieve unicorn status, has raised $585 million in its latest round of funding, valuing the online business-to-business marketplace at $2.5-3 billion. The Series D round saw investments from Tencent, Altimeter Capital, Footpath Ventures, Hillhouse, GGV Capital and Citi Ventures, the firm said on Wednesday. Existing investors Lightspeed Venture Partners and DST Global also invested…