DealStreetAsia

DealStreetAsia Backed by Japan's Nikkei Group, DealStreetAsia is the region’s leading publisher of news on investments, M&A, PE, VC, IPOs and startups.
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India’s coffee culture, long overshadowed by its deep-rooted chai tradition, is now brewing significant opportunities fo...
21/12/2024

India’s coffee culture, long overshadowed by its deep-rooted chai tradition, is now brewing significant opportunities for investors. Local coffee startups such as Blue Tokai, Third Wave Coffee Roasters, Rage Coffee, and Subko Coffee Roasters – all backed by investors – are disrupting the traditional landscape. Vibhuti Sharma's traces the evolving coffee culture in India that is drawing PE investors:

The country’s coffee market is projected to touch $2.6–3.2 billion by 2028.

Indonesian startup Magalarva, which transforms food waste into animal feed, has secured an undisclosed sum from angel ne...
21/12/2024

Indonesian startup Magalarva, which transforms food waste into animal feed, has secured an undisclosed sum from angel network Bali Investment Club (BIC), reports Marsya Nabila. The company is backed by Innovation Factory, owned by Salim Group, and Gree Ventures.

Magalarva uses BSF tech to convert food waste to animal feed.

Indonesian conglomerate Mayapada Group is crafting ambitious plans to expand and enhance its healthcare business. Jonath...
21/12/2024

Indonesian conglomerate Mayapada Group is crafting ambitious plans to expand and enhance its healthcare business. Jonathan Tahir, the chairman and Group CEO of Mayapada Healthcare Group, tells Gita Rossiana that the firm plans new hospitals in Batam, Surabaya, and Lebak Bulus (Jakarta), estimated to be finalised in 2026. This will increase the number of hospitals under the group to 10 from seven currently. Meanwhile, Mayapada Hospital Nusantara — the first hospital built in the new capital city of Indonesia in partnership with India’s Apollo Hospitals — was inaugurated in October.

With funding from Bain, Mayapada is planning new hospitals outside home base Java.

[Partner Content] Navigating Southeast Asia’s diverse markets requires more than just capital—it demands local insight. ...
20/12/2024

[Partner Content] Navigating Southeast Asia’s diverse markets requires more than just capital—it demands local insight. At the Asia PE-VC Summit 2024, experts from Rajah & Tann Asia emphasized the importance of partnering with local advisors to tackle regulatory challenges, cultural nuances, and legal complexities. From Indonesia’s nominee structures to Malaysia’s foreign equity caps, the message is clear: local expertise is key to unlocking opportunities across the region.
https://buff.ly/3P4xAE0

Given Southeast Asia’s diverse cultural and political landscape, it is critical that foreign investors work alongside local partners to navigate the intricacies of deal-making in the region’s various markets. “It’s important to know what the temperature is like [in every market],” said Adr...

Eco-Shop is understood to be exploring an IPO in the first half of 2025 on Bursa Malaysia, aiming to raise $250 million ...
20/12/2024

Eco-Shop is understood to be exploring an IPO in the first half of 2025 on Bursa Malaysia, aiming to raise $250 million and paving the way for the exit of its PE-backer Creador. After MR. DIY and CTOS, Eco-Shop is another portfolio firm of Creador that is going public as Malaysia's IPO market remains buoyant. Ngoc Nguyen's report

Creador is slated to sell a nearly 8% stake in the firm.

As funds under management near their expiration dates and exit conditions remain lacklustre, PE players are increasingly...
20/12/2024

As funds under management near their expiration dates and exit conditions remain lacklustre, PE players are increasingly considering secondaries buyers for their prized assets in Asia. Pimfha Chan has compiled 2024’s significant secondaries deals in Asia that may signal the way forward for such transactions going into 2025:

Dealmaking in direct secondaries remained active this year.

Shares of Indonesian retailer DIY, a unit of Malaysia’s MR. DIY, were volatile on their first trading day on Thursday. T...
19/12/2024

Shares of Indonesian retailer DIY, a unit of Malaysia’s MR. DIY, were volatile on their first trading day on Thursday. The scrip closed the day at 1,690 apiece, up 2% from the IPO price. Gita Rossiana spoke to experts on the prospects for the company in Indonesia.

The home retailer had raised $254m in its IPO in Nov.

India’s jewellery market, traditionally dominated by unorganised local jewellers that have served generations of loyal c...
19/12/2024

India’s jewellery market, traditionally dominated by unorganised local jewellers that have served generations of loyal customers, is now embracing a new wave of innovation. Enter digital-first, D2C jewellery brands. These disruptors, reshaping how Indians buy and perceive jewellery, is not only winning over consumers but also catching the eye of investors. Vibhuti Sharma's analysis:

The segment has raised $103m in funding till Oct this year, nearing the previous year’s peak.

China endured another year of headwinds and the cloudiness over investor sentiment has not completely cleared. Simran Va...
19/12/2024

China endured another year of headwinds and the cloudiness over investor sentiment has not completely cleared. Simran Vaswani examines what the Chinese private equity landscape may look like in 2025:

Investors will need to keep updating their playbook as a recovery seems slow and far-off.

Vietnamese AI-driven knowledge discovery platform AI Hay, which is backed by Square Peg, is understood to be in talks wi...
19/12/2024

Vietnamese AI-driven knowledge discovery platform AI Hay, which is backed by Square Peg, is understood to be in talks with investors to raise a new funding round. Breaking news by Quynh Nguyen for DealStreetAsia.

The round could be around $8 million or more, said sources.

The turmoil at aquatech unicorn eFishery, first reported by DealStreetAsia on Sunday, is forcing a deep rethink of the g...
19/12/2024

The turmoil at aquatech unicorn eFishery, first reported by DealStreetAsia on Sunday, is forcing a deep rethink of the governance practices, or a lack thereof, at Indonesian startups. ESG principles — particularly corporate governance — are key criteria for venture investors. Our Jakarta team examines the possible fallout of the lapses at eFishery on startup funding in Indonesia.

eFishery’s troubles have dented the optimism surrounding local startups.

This report from DealStreetAsia – DATA VANTAGE examines the state of private funding for Southeast Asia’s climate tech s...
18/12/2024

This report from DealStreetAsia – DATA VANTAGE examines the state of private funding for Southeast Asia’s climate tech startups. Worryingly, the number of deals and the funds raised by startups in the sector contracted for the first time in nine years in the first 11 months of 2024.
Download The State of Climate Tech in SE Asia 2024 report to understand the latest trends in climate financing:

Deal volume in the sector contracted for the first time in nine years.

India witnessed a spurt in big-ticket PE-VC transactions in 2024 as investors rushed to join the captable of fast-growin...
18/12/2024

India witnessed a spurt in big-ticket PE-VC transactions in 2024 as investors rushed to join the captable of fast-growing quick commerce startups such as Zepto and Swiggy. Zepto raised more than $1.35 billion in back-to-back funding rounds this year, while Swiggy raised around $605 million from over 75 anchor investors ahead of its IPO in November.
Pramugdha Mamgain explains the trends in megadeals in the country through charts:

Indian startups had collectively raised $5.05 billion from 28 megadeals last year.

Ngoc Nguyen recaps the several initiatives that have made Malaysia a new hub for private capital. Government-linked inve...
18/12/2024

Ngoc Nguyen recaps the several initiatives that have made Malaysia a new hub for private capital. Government-linked investment companies have a war chest of billions of Malaysian ringgits for both fund-of-funds and direct investment strategies.

It's seen as one of the biggest beneficiaries of the China+1 policies.

Japanese venture capital firm Global Brain is looking to expand its investment presence in Southeast Asia through a part...
17/12/2024

Japanese venture capital firm Global Brain is looking to expand its investment presence in Southeast Asia through a partnership with Singapore-based SEEDS Capital, writes Quynh Nguyen:

Global Brain manages a range of flagship and 20 CVC funds.

In 2021, logistics startups in SE Asia accounted for 24% of the region’s overall startup funding. In Jan-Sept 2024, the ...
17/12/2024

In 2021, logistics startups in SE Asia accounted for 24% of the region’s overall startup funding. In Jan-Sept 2024, the share of logistics funding plummeted to 3%. Nevertheless, the $96 million in deal value this year is still up 83.4% from 2023. Abhishek Chatterjee traces the surge, slump and rebound in the sector through charts:

Logistics funding in both regions has revived in 9M 2024 after the lull of 2022-23.

DEG, the investment arm of German state-owned development bank KfW, has committed to invest about $15 million in the sec...
17/12/2024

DEG, the investment arm of German state-owned development bank KfW, has committed to invest about $15 million in the second India fund of private equity firm Amicus Capital Partners. Mars Mosqueda's report:

Amicus Capital Partners India Fund II has a target size of $200 million.

Times are hard for Indonesia’s warung-tech startups. Just ask Lummo and Ula, both of which raised massive funding but ev...
17/12/2024

Times are hard for Indonesia’s warung-tech startups. Just ask Lummo and Ula, both of which raised massive funding but eventually bowed out under pressure; or GudangAda and Credimart, which started out by streamlining procurement processes for warungs but have since ventured into adjacent sectors within e-commerce.
All said and done, the supply-chain landscape in Indonesia is indeed complex and costly, but the challenges are not insurmountable, experts tell Marsya Nabila and Aastha Maheshwari in this analysis for DealStreetAsia:

While some have pivoted, others have switched to an asset-light model.

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Susli Lie.mp4
Susli Lie.mp4

Here's what our past attendees of this year's Indonesia summit has to say about the event. Susli Lie, Partner, Monk's Hill Ventures Dive into cutting-edge insights, uncover innovative ideas, and connect with industry leaders! Join us at the Indonesia PE-VC Summit 2025 and be part of the dialogue shaping tomorrow's success. ⏰ Limited Time Offer: USD599/tix (minimum purchase of 2 tickets) for Indonesia PE-VC Summit 2025 ⏰ Reserve your spot now: https://buff.ly/3ZAqT19 #IndonesiaPEVCSummit2025 #Indonesia #Conference #PrivateEquity #VentureCapital

Donald Wihardja (1).mp4
Donald Wihardja (1).mp4

Here's what our past attendees of this year's Indonesia summit has to say about the event. Donald Wihardja, CEO, MDI Ventures. Unlock exclusive insights, embrace groundbreaking ideas, and forge impactful connections to shape the future of financial transformation. Be part of the conversation at the Indonesia PE-VC Summit 2025- where progress meets opportunity. 🔥 Limited TIme Offer: USD599/tix (minimum purchase of 2 tickets) for Indonesias PE-VC Summit 2025 🔥 Secure your spot today and be at the forefront of success: https://buff.ly/41oieBG

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Joan Yao.mp4

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Happy Thanksgiving! 🦃 Join us in the spirit of gratitude and progress! Here's what Rohit Anand of British International Investment has to say about the summit this year. Be kept up to date on the latest trends by knowledgeable experts in Indonesia PE-VC Summit 2025. ⭐ Thanksgiving Special: 3-Day Sale Ends Tonight! Grab the Indonesia PE-VC Summit 2025 & Asia PE-VC Summit 2025 Bundle for just USD1098—Save USD3400! Celebrate Thanksgiving with us as we drive conversations shaping the future of private equity and venture capital. Secure your spot and be part of this exciting journey: https://buff.ly/41a0eem #PrivateEquity #VentureCapital #Conference

Donald Wihardja.mp4
Donald Wihardja.mp4

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Rodney Muse (1).mp4

🚀 Ready for an event that challenges ideas and connects you with the best in the industry? The Indonesia PE-VC Summit 2025 is your chance to immerse yourself in cutting-edge insights and impactful networking! Don’t miss your opportunity to be part of Indonesia’s most anticipated PE-VC event of the year. Secure your seats now: https://buff.ly/3Z3Cm9p #Conference #PrivateEquity #VentureCapital

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About DealStreetAsia

DealStreetAsia was founded in May 2014 in Singapore and came to life through its main news and intelligence portal www.dealstreetasia.com in October 2014.

With a direct presence in Singapore, Indonesia, Greater China, Philippines, Myanmar, Thailand, Vietnam, Malaysia and India, we are continuously consolidating our database and investment insights to develop a powerful intelligence source for investors who want to capitalize on opportunities in Asian markets.

We believe Asia’s jewels, some of the fastest growing countries in the world, deserve more than a mention in international and regional media. A demographically vibrant region, often split by the language of media, has a lot to say and offer to the economic golden age that Asia is all set to make a mark in. DealStreetAsia aims to play a catalyst’s role in this transformation by bringing out the stories and bridging the gap between enterprises and investors through the power of information.