Investment
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IFC makes US$7 million investment into Thai auto insurance startup Roojai
The financing will help Roojai accelerate its digital marketing efforts and develop more policies in partnership with Krungthai Panich Insurance.
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ADB to invest US$25 million in SME-focused PE fund Exacta II
Exacta Asia Investment II L.P. is a private equity fund focused on small and medium-sized enterprises (SMEs) in Southeast Asia.
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Mobile Learning Technology Startup Boost secures funding from Swiss EHL
Boost will use the strategic investment to grow its presence in the mobile learning platform space across the world of hospitality.
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Nest Tech to invest in Myanmar Fitness Platform Flexible Pass
Nest Tech will be joining Seed Myanmar and Yangon Capital Partners to fund a six-digit dollar funding round for Flexible Pass.
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AC Energy, AMI signs US$83 million deal to jointly develop 80-MW Solar Plant in Vietnam
This marks AC Energy’s second renewable energy platform in Vietnam, after its partnership with BIM Group of Vietnam in January to develop more than 300 MW of Solar Power.
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Malaysia’s Ekuinas to divest 60 percent stake in mobile transaction gateway Tranglo
Ekuinas said the divestment translates to an IRR of 26.8 percent and money multiple of 1.96 times the capital invested.
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Tencent, KKR to invest US$175 million stakes in Philippines fintech firm Voyager
The deal would bring Tencent into direct competition with arch rival Alibaba, which entered the Philippines last year when it invested in Voyager’s competitior: Mynt.
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VisVires New Protein plans US$100 Million Second Fund in 2019
VisVires New Protein aims to ramp up their investment portfolio to 8 companies by the end of this year.
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East Ventures invests in seed round for Indonesian on-demand coffee startup Fore Coffee
Fore Coffee is East Ventures’ third insider-incubated project after EV Hive and Warung Pintar.
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IFC to invest US$40 million in Philippines’ Fullerton Healthcare
The investment will be used in developing their vertically-integrated managed care strategy to offer affordable and quality healthcare in the Philippines.
