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Dymon Asia announces first close of $50M fund for fintech, focused on Southeast Asia
Hedge fund Dymon Asia is getting into the venture capital game after it announced its maiden fund. Dymon Asia Ventures is focused on fintech deals and it is targeting a $50 million raise. Today, its founding partners disclosed a first close of $20 million from a range of LPs that include Thai bank Siam Commercial (SCB), which invested an undisclosed sum via its Digital Ventures arm.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
- Tags
- fintech, venture capital
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Australia initiative aims to help non-profits prepare for impact investment
The Impact Investment Ready initiative, launched Tuesday by Impact Investing Australia and Philanthropy Australia, will support not for profits with Discovery Grants, as well as for-purpose organisations with Growth Grants. Philanthropy Australia’s Chris Wootton, who manages the Discovery Grant arm of the program, said impact investment was a significant opportunity for not-for-profit organisations to secure funding.
- Categories
- Impact Assessment, Investing
- Region
- Asia Pacific
- Tags
- ESG, impact investing, philanthropy
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mClinica raises $6.3m to transform global health data
The round is one of the largest financings for a health tech startup in Southeast Asia, according to Tech in Asia data. It was led by Silicon Valley-based Unitus Impact and joined by London-headquartered Global Innovation Fund, MDI Ventures of Indonesia, and US-based Endeavor Catalyst. Existing investors 500 Startups, IMJ Investment Partners, and Kickstart Ventures also put in some cash.
- Categories
- Health Care
- Region
- Asia Pacific
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Yet again, China’s Alibaba pumps Paytm with fresh funding of $200 mn
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation of about $1 billion. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal, reportedly.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Superstrains of Rice That Will Feed A Changing World
“I’m Swamp Girl,” says Indrastuti Rumanti, a bubbly scientist with the Indonesian Center for Rice Research. She’s just ducked out of a lengthy meeting with her fellow rice-heads here in Bogor, but the conference room is not Rumanti’s preferred habitat: She’d rather be mucking about in experimental rice paddies.
- Categories
- Agriculture, Health Care
- Region
- Asia Pacific
- Tags
- research
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South Africa: Chinese Enterprises Help Improve Living Standards of South Africans
A report released Thursday shows that Chinese enterprises in South Africa are making positive contributions to the socio-economic well-being of the country. According to the report on the development of Chinese enterprises in South Africa unveiled by the South Africa-China Economic and Trade Association, there are more than 300 Chinese companies including representative offices in South Africa and among them about 140 are large and medium-sized companies.
- Categories
- Health Care, Investing
- Region
- Asia Pacific
- Tags
- public health
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IFC invests $67m in Apollo Health and Lifestyle for 29% stake
Apollo Health and Lifestyle Ltd (AHLL) has raised $67 million for a 29 per cent equity stake from International Finance Corporation (IFC), the private lending arm of the World Bank, according to a press statement. “IFC along with its associated entity has has made a primary equity infusion of Rs 450 crore thereby acquiring 29.03 per cent stake in Apollo Health and Lifestyle Ltd,” Apollo Hospitals Enterprise Ltd said in a BSE filing.
- Categories
- Health Care, Investing
- Region
- Asia Pacific
- Tags
- impact investing
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China pledges to further promote global health
Premier Li Keqiang on Monday said that China will continue to promote global health issues while providing assistance to other developing countries. Li made the remarks during a speech in Shanghai at the opening ceremony of the Ninth Global Conference on Health Promotion (GCHP).
- Categories
- Health Care
- Region
- Asia Pacific
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