The start of 2023 has been mixed for PE and VC players. Investors and founders both have a trickier environment to navigate, but insiders have also pointed to bright spots on the horizon – economic activity resuming in China, for one.
We’re seeing cutbacks and pivots among startups as investors push for returns, but also revivals and new investments that portend well for the region.
Here’s a recap of your top stories from January:
- Northstar ropes in GIC as anchor investor for debut VC fund, hits first close at $90m
- China’s JD.com to shut down e-commerce units in Indonesia, Thailand in March
- India’s kiranatech startups pivot to lending as demand wanes, but will it sell?
- OLX Group downsizes Indonesia office, auto unit said to be up for sale
- China’s Luckin Coffee brews comeback plan with SE Asia foray
- Vietnam has several overseas IPO hopefuls, but can they deliver?
- Indian co-working firm Smartworks eyes funding from Baring PE Asia
- The LP View: Secondaries, continuation funds will come to the fore as IPO market remains grim
- Thai startups catch Southeast Asian VCs’ eye: 500 TukTuks
- Japan’s MUFG Bank amplifies SE Asia focus, bullish on Indonesia fintech
- Semiconductors and New Energy sectors are China’s new unicorn breeding grounds
- Indian startups gear up for grim 2023 as SoftBank, Tiger Global tighten purse strings
- The great valuation reset awaits SE Asia in 2023