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Rachel Phua

Rachel Phua is a reporter with DealStreetAsia based in Singapore and covers startups and venture capital. She was previously a reporter at Channel NewsAsia with both the digital and broadcast teams, covering labour and property news.

Stories by Rachel Phua

Unicorns

Payments platform PPRO bags $90m from JP Morgan, Eldridge, plans APAC expansion

The London-based company plans to enter Japan and India as both are “big markets”.

Unicorns

SG’s Razer nets profit in 2020 for first time, revenue crosses $1b mark

Its revenue grew by 48% to $1.2 billion in 2020 from $820.8 million in 2019.

Venture Capital

Temasek’s Vertex Holdings launches third master fund, aims to raise $800m

The latest Vertex Master Fund III will deploy capital directly into Vertex’s network of six funds.

Unicorns

SG’s newly-minted unicorn PatSnap eyes new markets, set to expand pharma database

Countries such as Germany, France and Japan are currently on its radar for expansion.

Analysis

Alternative protein startups in APAC raised over $200m last year — six times that in 2019

HK-based Green Monday clinched the largest deal, raising $70m.

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