Friday, November 22

Tag: South-east Asia

Jungle Ventures Raises $240 Million
30Oct By PriyankaNo Comments
FUNDING

Jungle Ventures Raises $240 Million

SINGAPORE, Oct. 29, 2019-- Jungle Ventures, one of Southeast Asia's largest early-stage venture capital firms closed its third fund Jungle Ventures III. The firm raised a total of $240 million, which includes $40 million raised in separately managed account commitments, for investments in innovative technology and digital-driven consumer businesses across Southeast Asia. Jungle raised more than double the amount of its previous fund, Jungle Ventures II (2016), with nearly 60% of committed capital coming from outside Asia. More than 90% of the capital came from institutional investors spanning North America, Europe, the Middle East, and Asia, with new investors accounting for nearly 70% of the fundraising, and returning investors for the rest. Investors range from endowments, fund...
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Alibaba Invests $2 Billion in Lazada, Also Lead the Operation
19Mar By NitishNo Comments
FUNDING

Alibaba Invests $2 Billion in Lazada, Also Lead the Operation

Alibaba, China's leading e-commerce company will appoint one of its founders Lucy Peng as head of Lazada and also invested around $2 billion into Southeast Asia's leading online shopping firm. The appointment and funding will use to expand the operations in the south-east Asia region. Alibaba is the leading investor in the Lazada group, owns 83% shares. Earlier the e-commerce company was invested total $2 billion in two rounds of funding. As per the information, Alibaba with these investments trying to acquire both online and offline assets to further bolster its business. Indonesia, Malaysia, the Philippines, Singapore, Thailand, and Vietnam are the leading market for the e-commerce company having 560 million consumers in the region. Lazada Group was founded in 2011 by German ...
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