And Shun Capital invested in the Indian dialect blog Kuku FM; Philippine electronics manufacturer Cal-Comp IPO was postponed again.
Southeast Asia
Singapore lending platform for SMEs Validus Capital entered Vietnam and established Validus Vietnam . According to KrASIA, Vietnam has become the second overseas market for Validus Capital. It is reported that Validus Capital established Batumbu in cooperation with the Indonesian Triputra Group in April this year. Indonesia has also become the first overseas market for Validus Capital. In a statement, Validus Capital said that although SMEs account for 97% of all Vietnamese companies, they account for only 22% of total bank loans.
Philippine electronics manufacturer Cal-Comp has again postponed its $210 million initial public offering. According to DealStreetAsia, the company has decided for the second time to withdraw its $210 million initial public offering on a local exchange. It is reported that Cal-Comp delayed the IPO time in September last year. The release was originally scheduled for November 11-15, and Cal-Comp will sell 374.2 million shares to the public at a maximum price of $0.49 per share. However, Cal-Comp is on the Philippine Stock Exchange (PSE) The disclosure message stated: “The initial valuation indicated by the market does not fully reflect its strong performance and growth prospects. In addition, “unstable market conditions” is another reason why the company decided to postpone the issuance of stocks and reassess its listing plan.
Indonesia OTA Unicorn Traveloka launches villa and apartment products to challenge Airbnb market position. According to KrASIA, Traveloka has listed 240,000 villas and apartment units in Indonesia, the Philippines, Vietnam, Malaysia, Singapore, Europe and the United States since it was introduced quietly two months ago. The company announced that it will also launch more homes as demand increases. The company claims that the new service has led to a significant increase in the number of users, and more than 20% of the users who booked villas and apartments on the platform during the testing phase were new customers.
India
Industrial Furniture Retailer, Sequoia Capital Investment, Urban Ladder Completes $200 Financing. According to KrASIA, existing investors SAIF Partners, Sequoia Capital and Steadview Capital each contributed nearly $700,000. As of today, the company has raised $105 million. Previously, the company experienced a series of executive departures and also dismissed 40% of its employees in the first quarter of this year to reduce costs. In July, although the company has achieved profitability from the EBITDA indicator, sales have also fallen sharply due to reduced marketing fees and promotions. The company’s competitors in the furniture retail industry include Walmart’s Flipkart, Amazon and the Swedish furniture giant IKEA, now in India.
Indian IT company Infosys plans to cut $1-150 million in costs this year. ET learned that an executive said at an internal analyst meeting that the company plans to reduce costs by re-appointing senior and middle-level managers by increasing the proportion of graduates employed. Previously, Infosys’ profit margins have fallen sharply in order to invest in future business growth.
OnePlus India subsidiary expects offline sales to account for 30% next year. According to ET, in the second quarter of this year, one plus mobile phone market share in India reached 35%. OnePlus India general manager Vikas Agarwal said that in terms of revenue share, OnePlus is now among the top five in the industry, compared with last year, this year’s sales plan The progress of the completion is ahead. The focus of the third quarter will shift to the expansion of offline service centers, with plans to establish 5,000 mobile phone sales points in 50 cities by 2020.
Indian Logistics Unicorn Delhivery wants to acquire the B2B business of DHL’s Indian subsidiary Blue Dart. According to DealStreetAsia, Delhivery is in preliminary negotiations with Blue Dart to acquire its B2B business. According to people familiar with the matter, Blue Dart has a large self-operated fleet and has a good relationship with big brand customers. From a B2B business perspective, it is very attractive to Delhivery. Earlier in September, Canadian pension fund CPPIB acquired Delhivery 8% of the shares from existing investors for $115 million. In March, the Softbank Vision Fund led a $143 million Series F round of financing, with a company valuation of $1.5 billion.
Shun Capital invests in Indian dialect blog Kuku FM . According to KrASIA, Kuku FM, a Mumbai-based dialect blogging platform, said on Tuesday that it has raised a new round of financing from Shun Capital, India Quotient and 3One4 Capital, the amount has not been disclosed. The company currently only offers Hindi content and is actively working with local content creators to launch 23 major dialects in India on podcasts. The company claims to have produced 2,100+ podcasts with 1,000+ creators in one year.
Latin America
Brazil Education Agency Quero Educação Invests Brazilian School Information Search Platform Melhor Escola $490. According to Contxto, more than 190,000 educational institutions are registered with Melhor Escola, and users can find important information about the school, including tuition fees, enrollment, school photos, available facilities and services, and scholarship information. You can also rate the school and add comments.
Africa
Hlayisani Growth Fund, a subsidiary of Hlayisani Capital, South Africa, invested in six companies in 2019 with a total value of 200 million South African Rand (approximately $13.5 million) . According to Disrupt Africa, the Hlayisani Growth Fund has been in operation since the beginning of 2019, with a focus on agricultural innovation, information technology, manufacturing, education and e-health. Previously invested companies include South African education technology company Snapplify, transportation technology startup Flx, cloud computing startup Opennetworks, marketing technology company Sudonum, wireless network provider Ikeja and South African accelerator Lean Enterprise Accelerator Programmes (LEAP).
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Other
Overseas video social platform BIGO and “Russia Baidu” Yandex launched a commercial cooperation in Russia. It is learned that Yandex has indexed more than 10 billion web pages, and the Russian market has a market share of more than 64%. By actively seeking valuable partners, it focuses on the distribution of ads after Z generation 95 users. BIGO is favored by its product communication application imo and the world’s short video platform Likee for its outstanding market performance. The two will complement each other in the near future and focus on the local network ecology that is deeply rooted in the Russian world.
Lenovo is considering strengthening the mobile business in India and China. According to Bloomberg News, Lenovo CEO Yang Yuanqing said that profitability is the top priority of Lenovo’s smartphone business, and this business “will not reverse again.” Lenovo has begun to increase its expansion in Europe to drive profit growth, and will consider strengthening the mobile business in India and China.
文 | 云晞@出海;郭沈@出海
编 | Zhao Xiaochun@出海
图 | Photos
