Digital Core REIT to raise US$600M in SG’s biggest IPO in 2021
The REIT owns 10 freehold data centres in the US and Canada worth around US$1.4B, will issue 682M units at US$0.88 per piece, excluding a greenshoe option worth US$47M; The offering is more than double the total raised so far this year in Singapore at US$258.9M
Thai bourse prepares for tech listings as venture-backed startups weigh IPO plans
E-commerce enabler aCommerce is said to be eyeing a listing on the local market in H1 2022; Fashion commerce platform Pomelo was also reported to raised funds via an IPO.
Carousell taps Atome for BNPL in Hong Kong
Buyers can avail an installment plan by binding their credit card, debit card, or Apple Pay to their accounts; This will divide their bills into three interest-free payments; Carousell’s announcement also comes after it raised US$100 million earlier this year, which secured its spot in the unicorn club.
After OJK ban, Indonesian crypto exchange delists Vidy, VidyX coins
Indodax has advised its users to move their Vidy and VidyX holdings to their own wallets as the exchange will stop all trading in the coins by November 30; Based in Singapore, Vidy is an adtech firm backed by MNC Group, Qtum, and Fenbushi Capital.
Thai logistics unicorn Flash Express launches full services in the Philippines
The company will provide local MSME clients with advanced logistical equipment, technology, and workforce; It will also enhance its serviceable regions of coverage through 138 hubs and centres across the country.
Shoes from waste plastic bottles! Neeman’s is going places with its sustainable footwear products
Neeman’s ReLive Knits model is made of 100 per cent recycled PET bottles and are designed for all seasons and all-day wear; Neeman recently bagged US$2.7M Series A round to launch its products in international markets.
Exit Strategies: Ways to get your money back besides IPOs and M&A
The pickup in IPOs and M&A deals in the region bodes well for the possibility of high-value exits for investors.
Vietnamese CME Solar Investments raises US$12M debt financing from Swiss impact investor responsAbility
CMES will channel the financing to promote green power for Vietnam’s commercial and industrial; CME leverages the model of zero cost investment to be fully responsible for investment, installation, operation and maintenance of the solar system for customers.
Startups, this is what you should be asking investors for outside of capital
Investors should show how they will support you when scaling: whether through their global network; learned wisdom from startups in their portfolio that have successfully scaled; or tools they have that can confirm product-market fit.
Access Partnership acquires Singapore’s AlphaBeta
The combination of both companies creates a unified service offering to develop and implement tech-lead solutions that improve society; Both companies have already collaborated on high-impact work for non-profits, think tanks and corporates, and the combined entity.
Mubadala mulling investment in Singapore-Based Princeton Digital
Princeton Digital has been considering raising about US$400M from investors in a deal that could boost its valuation to about US$2B; Princeton Digital runs 20 data centers in 14 cities across countries, including China, Singapore, India, Indonesia and Japan, according to its website.
Vietnam’s e-commerce traffic higher than Thailand, Malaysia
Digital consumption has become a new habit as the number of online vendors increases, with Vietnam becoming “a star” on the SEA e-commerce market, according to the Q3 market report by iPrice Group; Vietnam is set to exceed Thailand by 2025 to become the second-biggest internet economy in the region with a scale of US$57B, behind Indonesia at US$146B
Thai yacht startup Boatcrowd bags US$250K from 3 undisclosed angels
Boatcrowd gives customers access to yacht rental deals worldwide, allowing them to choose from among crewed motor yachts, premium catamarans, and powerboats; It curates yacht itineraries for a full-day charter, a weekend, or extended liveaboards that last several weeks.
The different ways the Web3.0 is enabling marketplaces
Marketplaces are complex; Building one feels like you are running two to three businesses simultaneously; After all, you manage sellers (supply), buyers (demand), and everything in between; Yet, if successful, such models can be compelling because of the inherited network effects.
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