kamet capital partners
December 1-2 That’s despite a smartphone-using population growing at rates unmatched in much of the world, driven by economic growth and government policies that encourage investment in technology. “As some of these companies begin to list it could be quite transformative to capital markets, which have been dominated by traditional sectors such financials, real estate and commodities,” said Joshua Crabb, a senior money manager in Hong Kong at Robeco, which oversees $186 billion. Register now to read this article and more for free. Index Ventures led the round with participation from Kamet Ventures. The round was led by Care Capital, and the funding will be put to work supporting Impress’ European expansion and technology development. That potential is attracting the likes of Amazon.com Inc. and Chinese majors including Tencent Holdings Ltd. and Alibaba Group Holding Ltd., who see Southeast Asia’s increasingly affluent consumers as key to their global ambitions. The Tencent-backed gaming and online shopping leader has emerged as a stock-market sensation since its IPO. Grab Holdings Inc. and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for Southeast Asia’s long-overlooked internet scene. “We expect a lot more capital to flow into the region on the back of this mega announcement. Birdie, a home caretech startup, has raised $11.5 million in funding. At the same time, concerns are mounting that a bubble is forming after the worst tech selloff in half a year. Money has flown out of China’s biggest internet names since Beijing launched a campaign to curtail Alibaba and its peers late last year. Show full articles without "Continue Reading" button for {0} hours. Gojek and Tokopedia, Indonesia’s two most valuable tech startups, are seeking investor approval for a merger that could create the country’s largest internet company ahead of a dual IPO. Indonesia’s Traveloka will follow suit, listing at a valuation of about $5 billion via a special purpose acquisition company backed by billionaires Richard Li and Peter Thiel, other people with knowledge of the matter said. Among companies valued at $100 billion or more, the stock is the No. A verification email is on its way to you. Don't have an account? Source: Press Release Please confirm you would like to remove this article from your saved articles. You should only be asked to sign in once. Grab Said to Draw T. Rowe, Temasek Backing for Record SPAC Deal, Traveloka Said in Talks to List via Thiel’s Bridgetown SPAC, Gojek, Tokopedia Seek Investor Okay After Deciding Merger Terms, Microsoft-Backed Bukalapak Is Said to Mull U.S. The mega deals will front a chain of initial public offerings from the region’s most valuable startups from 2021, from Grab arch-foe Gojek and e-commerce giant Tokopedia to Singapore’s PropertyGuru. Interest in the region is mounting in part because of external factors. Terms on both deals could still change, the people said. Only logged in subscribers of this site will be able to access the shared article. Others exploring listings include Singapore’s PropertyGuru and Indonesia’s Bukalapak. “Grab’s listing provides a much-awaited exit for existing investors, meanwhile, providing exciting opportunities for U.S. investors to invest in Southeast Asia growth companies,” said Kerry Goh, chief investment officer at Kamet Capital Partners Pte. Microsoft and partners may be compensated if you purchase something through recommended links in this article. Listing Via SPAC, Southeast Asia’s Internet Economy on Verge of a Post-Covid Boom. Click Birdie raises $11.5M: Birdie, a U.K.-based caretech company focused on elderly care at home, raised $11.5 million in a funding round led by Index Ventures, which was joined by Kamet Ventures. Listing through a SPAC can be completed in a matter of weeks compared with the 12 months it would take to go public in the regular way. Click here. The cosmetic antioxidants market is estimated to grow from USD 119 million in 2020 to USD 158 million by 2025, at a CAGR of 5.9% Southeast Asia’s internet economy cooled during the pandemic but spending online should bounce back rapidly and triple to more than $300 billion by 2025, research from Google, Temasek Holdings Pte and Bain & Co. shows. Eastern Standard Time (EST) - Virtual Event, Get limited access to our industry news, analysis and data, plus regular email updates. Birdie, a home caretech startup, has raised $11.5 million in funding. Their debuts allow investors to bet on the industry’s ascendancy in the post-Covid mobile era over the financial institutions and industrial conglomerates that have long dominated Southeast Asia’s corporate landscape. 1 Asian performer since the start of last year and trails only Tesla Inc. globally. Predictions from a Series A investor, Opportunities for investment in European medtech. “This has had a huge impact on the nature of the market in China over the past decade and may be just starting in ASEAN.”, Read more: Southeast Asia’s Internet Economy on Verge of a Post-Covid Boom. Tech firms still working on their main products, such as aerospace startup Archer Aviation Inc. and electric-vehicle maker Lucid Motors Inc., have merged with SPACs and become public companies based not on their revenue but future projections. here to register, Not for publication, email or dissemination, Flagship Pioneering, firm behind Moderna vaccine, re-opens Fund VII, Family offices look to step up their allocation to VC, Kaszek Ventures raises $1bn for LatAm deals, Diversity-focused Collab Capital raises $50m, Diversity recruitment site Canvas raises $20m, Mindset Ventures raises $52m for third fund, What will 2021 bring? In Southeast Asia, the rush of IPOs is driven in part by Sea’s astonishing run-up since the start of 2020, which demonstrated the enormous pent-up appetite for the region’s internet firms. Grab will this week unveil a listing via a U.S. blank-check company that’s drawn backers from T. Rowe Price to Temasek Holdings Pte and values the ride-hailing giant at more than $34 billion, people familiar with the matter said, in the largest-ever deal of its kind. Grab Holdings Inc. and Traveloka are poised to become public companies in coming months, kickstarting a coming-out party for Southeast Asia’s long-overlooked internet scene. “This should accelerate investors’ attention and hence, more listings should be expected.”, For more articles like this, please visit us at bloomberg.com, Like us on Facebook to see similar stories, Cramer's Mad Money Recap: AMC Entertainment, GameStop, 18 Online Shopping Traps and Scams To Watch Out For. To more quickly tap investor enthusiasm, many startups like Grab and Traveloka that remain unprofitable are considering blank-check firms -- but the influx of capital into SPACs is raising hackles among regulators from New York to Singapore, who worry that traditionally more lax disclosure and accountability requirements may burn investors. Not the case? Over the longer term, market watchers expect fast-growth technology firms to dominate attention like they have in China and the U.S., overhauling a Southeast Asian roster now led by gaming and e-commerce leader Sea Ltd. “We have seen a similar trend across other more established markets, and it’s now Southeast Asia’s golden period,” said Rajive Keshup, a director at Cathay Capital, a global investment fund with $4 billion of assets under management. And that is a very good leading indicator about the health of the region.”. Listing Via SPAC, KKR-Backed PropertyGuru Said to Weigh U.S. More immediately however, investors are gambling on the region’s takeoff. Yoolim Lee, Manuel Baigorri, Abhishek Vishnoi and Ishika Mookerjee. Kamet Capital Partners公司投資長Kerry Goh說：「從某種程度來看，王興張貼的詩能解讀成與馬雲批評銀行監管機關類似，現在不是大放厥詞的好時機。 由於中國擔心大型科技業者勢力太強大，中國科技業近幾個月一直面臨嚴格監管審查，科技公司股價持續承壓；香港恒生科技指數2月觸頂以來已 … SPAC veterans have warned that some newer entrants may be overvaluing their targets: closely held entities often lacking proper governance or operational maturity to hold stock offerings of their own. A link has been emailed to you - check your inbox. The tech industry in Southeast Asia, home to about a 10th of the world’s population and some of the fastest-growing economies like Indonesia, is overdue for recognition. Washington-Beijing tensions, meanwhile, threaten to escalate and suppress the Asian country’s presence in America and even get Chinese firms tossed off U.S. bourses. The region didn’t have a single major tech company listed till Sea went public in New York in 2017. Please check your spam or junk folder just in case.
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