News in November was dominated by the collapse of SBF’s cryptocurrency empire FTX, and concerns about its impact on the wider crypto and financial industry.
In our coverage, we have begun to see signs of an uphill battle ahead for some venture capital and private equity firms and their portfolio companies, amid tightening liquidity and broader economic uncertainty.
But there are also some bright spots.
Businesses well-positioned for growth, especially through mergers and acquisitions (M&A), are on the lookout for targets; markets such as India are attracting increasing investor attention, as are climate action-related funds and companies.
Meanwhile, strategies such as revenue financing and venture debt seem to be taking off.
Read about these and more in our top stories of November:
- SG’s Spenmo said to be negotiating down round with investors
- Taiwan’s AppWorks to make first close of fourth fund this month
- Revenue-based financing picks up in India as equity funding dries up
- Temasek-backed Temus scouting for M&A deals to push growth, says CEO
- Entrepreneur First’s Singapore exit leaves big void for deeptech startups
- SE Asia’s layoff purge to continue into 2023 as profitability comes to the fore
- VinaCapital defers $160m worth PE deals due to market uncertainty
- How Astra realised gains on its GoTo investment but Telkom Indonesia could not
- Temasek’s Fullerton said to be raising up to $1b for new Asia-focused carbon fund
- Exit route getting tougher for VCs in SE Asia as recession looms
- Temasek’s EvolutionX expects more India activity in 2023 as venture debt turns hot
- Vietnam’s Rino shutters quick commerce operations, pivots to used car marketplace