And, Indian payment company Paytm plans to transform into a small financial bank; Gojek will end its Series F financing in January 2020.
Southeast Asia
Gojek will close Series F funding in January 2020. According to DealStreetAsia, Andre Soelistyo, Gojek’s co-CEO, said Gojek plans to close the entire Series F round in January 2020. It is reported that Gojek raised about US $ 2 billion when it first closed its Series F financing in January this year. Led by existing investors Google, JD.com and Tencent, Mitsubishi and Provident Capital also participated in the round.
Thai beverage company Thai Beverage plans to make its beer company IPO in Singapore with a fundraising scale of about US $ 3 billion. According to DealStreetAsia, Thai billionaire Charoen Sirivadhanabhakdi’s Thai Beverage Company (TBEV.SI) plans to bring some of its beer assets in > Singapore’s initial public offering may raise $ 2 billion to $ 3 billion next year.
China Unicom establishes Cambodia company. According to a report from Tencent, China Unicom (Cambodia) Operations Co., Ltd. was formally established in Cambodia recently. So far, China Unicom’s branches in the countries and regions along the “Belt and Road” have increased to 13.
India
Temasek may participate in Indian health management platform Cure.fit for $ 100 million financing. According to KrASIA, Cure.fit is in talks with Temasek to raise $ 100 million. It is reported that Temasek has been operating in India for 15 years and has an investment portfolio of US $ 11 billion in India, accounting for 5% of its global investment portfolio. In addition, Temasek is actively seeking late-stage technology investments in India.
Lightspeed and Sequoia India complete OYO’s $ 1.5 billion stock sale. According to ET Tech, two people familiar with the matter revealed that venture capital investment firm Lightspeed Venture Partners and Sequoia India have completed the transaction to sell about 15% of OYO’s shares to founder Ritesh Agarwal for $ 1.5 billion. It is the largest venture capital exit after Flipkart. To date, Lightspeed has invested $ 28 million in OYO and has achieved a return on investment of more than 35 times. It will continue to hold about 4% of the shares. Sequoia Capital has also invested about $ 25 million in the company and will continue to hold 4% to 5% of its shares, with a return on investment of more than 20 times.
Paytm, an Indian payment company, plans to transform into a small financial bank with a license. According to KrASIA, Vijay Shekhar Sharma, founder and CEO of Paytm ’s parent company One97, is eager to find new revenue channels amid increasing losses. Sharma said in an interview with The Times of India that he hopes to transform Paytm’s payment bank into a small financial bank, which will allow the company to provide loans to its consumers. Paytm currently operates a payment bank, but the bank cannot issue loans or credit cards. With a small financial banking license, it will be able to provide basic banking services such as deposits and loans. This essentially means that it can start lending to individuals as well as small business entities.
India private equity Multiples Alternate Asset Management raised US $ 560 million for its third fund. According to ET Tech, India’s first sovereign fund, the National Investment and Infrastructure Fund (NIIF), is one of the major investors in Multiples Private Equity Fund III. It is reported that the fund’s fundraising target is $ 750-800 million, which is expected to be completed in the next 4-5 months. The third fund will invest in mid-market companies, focusing on financial services as well as consumer, healthcare and IT services.
Africa
Copia, a Kenyan e-commerce startup, has raised $ 26 million in Series B financing. According to Disrupt Africa, this round of financing was led by LGT Lightstone, with Goodwell, Perivoli Innovations, Endeavor Catalyst and ELEA participating. It is reported that Copia raised USD 2 million from Goodwell Investments in January. Founded in 2013, Copia combines technology and a network of more than 5,000 local agents to provide consumers at the “bottom of the pyramid” a wide range of product choices and efficient and reliable delivery.
Others
J-STAR, a Japanese private equity firm, has raised funds for its fourth fund, raising a total of US $ 430 million. According to DealStreetAsia, J-STAR is an independent partner-owned asset management company. Since its establishment in 2006, the company has invested in multiple industries such as consumer durables, services, healthcare, media, and manufacturing. Supported 46 transactions.
Aichi Motors plans to enter the Korean market in 2020. According to the report of the car home, recently, Aichi Motors and South Korean car dealer Prime Automobile signed a cooperation agreement. It is planned that in 2020, Prime Automobile will sell the first pure electric SUV under Aichi Motors in Korea. Aichi U5. According to the agreement, Prime Automobile will provide users with Aichi U5 sales and leasing services, directly or through authorized dealers, and will be responsible for branding and user services in the Korean market.
Xiaomi officially announced that it will enter the Japanese market on December 9. It is learned that Xiaomi ’s official Twitter announcement has announced that it will enter the Japanese market on December 9 and hold its first press conference.
文 | 云 晞 @ 出海
Edit | 赵小 纯 @ 出海
Picture | Oriental IC