Investments

Gene Solutions is the sixth investee company announced by Mekong Enterprise Fund IV.

The Jakarta-based startup has reached a valuation of $1 billion after raising $153 million in a financing round led by DST Global.

Grab has increased its holding in Ovo's parent company PT Bumi Cakrawala Perkasa from about 39 percent.

The funding round was co-led by Prosus Ventures, Tencent and B Capital Group. Amazon founder Jeff Bezos's Bezos Expeditions also joined the round.

The new funds will boost Techxila Fund I’s investments in early-stage tech companies across Pakistan.

The EUR5.5 billion Global Value SICAV Fund is the first fund by a major PE firm to be tokenized anywhere in the world.

Forge Ventures said it will build a concentrated portfolio of just 15 companies over the next three years with a focus on Singapore and Indonesia.

Led by Insights Partners, Spenmo has clinched one of Singapore’s largest Series A funding rounds to date.

The fresh funds will be used to expand the leadership and growth teams, to enter new geographies and to deepen technology development.

Ezyhaul and DHL will both take a share in DigiHaul, and the investment will be used to support "ambitious growth plans" through customer and transporter acquisition.