There is tremendous opportunity here, the entrepreneurs are amazing, and people are solving real-world, serious problems – but think again if you’re only out to make a quick buck, writes Justin Hall of Golden Gate Ventures.
ASX-listed Ensogo Ltd said it has entered into an agreement with WF Asian Reconnaissance Fund Limited (Ward Ferry, a fund managed by Ward Ferry Management) for the placement of 58,823,530 new Ensogo shares to Ward Ferry at a price of 17 Australian cents (US 13 cents) per share.
FoodPanda said it has secured a new round of funding worth US$110 million, from Rocket Internet AG as well as other existing and new investors.
Singapore-based startup DataStreamX, an online marketplace for real-time data, said it has raised S$500,000 (US$365,000) from private investors.
University course comparison portal UniDigest was officially launched on March 1, ready to take on its more established competitor EasyUni, which launched in 2010.
Jakarta-based online wedding marketplace Bridestory has just secured Series A funding from Rocket Internet Group. Financial terms were not disclosed.
Equity crowdfunding platform FundedHere has been launched in Singapore to facilitate equity-based funding and venture debt for startups in the region from as low as S$5,000 (US$3,700) each, even as regulators in both Singapore and Malaysia look to facilitate such platforms.
The husband-and-wife team behind Malaysia’s online shopping destination FashionValet has much to celebrate about, announcing a multimillion-dollar investment led by Elixir Capital, a global private equity firm based in Silicon Valley, California. The actual amount was not disclosed.
The large amounts of money pouring into the ecosystem can and will probably lead to large exits, but the problem is that local entrepreneurs and investors can and will get squeezed out, writes Justin Hall, who also provides some advice on how to prepare.
Lamudi said it has raised €16 million (US$19 million) in investment to grow its operations in Asia and Latin America, after merging its businesses in the two regions to form one company, Lamudi Global.