News

The company plans to use the net proceeds from the offerings for business expansion and other general corporate purposes, including potential strategic investments and acquisitions.

Funds will be deployed to explore growth opportunities in Singapore and Malaysia, and kickstart its expansion into Thailand.

At the proposed deal size, AEI CapForce II Investment would command a market value of $129 million.

The acquisition will expand PayPal's capabilities, distribution and relevance in the domestic payments market in Japan, complementing the company's existing cross-border ecommerce business in the country, PayPal said.

Intudo Ventures Fund III will seek out opportunities in agriculture, B2B & enterprise, education, finance & insurance, healthcare, logistics, and new retail & entertainment, constructing a concentrated portfolio of 12-14 Indonesian homegrown companies.

Funds will be used to drive Rainforest’s growth strategy, including expanding its portfolio of e-commerce brands in the home goods, mother & kids, personal care and pet categories by three times and growing its leadership team.

The extended round was again led by Global Founders Capital and Fatima Gobi Ventures. They have been joined by early-stage technology investment firm Picus Capital and Zayn Capital.

Global SWF takes a closer look into Temasek's in-house startups.

The Southeast Asian online travel company will likely explore going public via a traditional initial public offering (IPO) in the US market, according to the report.

More and more venture capital (VC) firms and angel investors are wising up to the opportunity in investing in the region’s female founders. Despite the largely virtual deal-making environment over the past year due to COVID, women-led startups have secured multimillion-dollar rounds across a multitude of sectors.