Latest news with #SoutheastAsia-focused
Time of India
12-08-2025
- Business
- Time of India
Zero Two joins Warburg Pincus as co-owner of Southeast Asia's Evolution Data Centres
SINGAPORE: Abu Dhabi-based digital infrastructure firm Zero Two has invested in Evolution Data Centres to join private equity firm Warburg Pincus as co-owner of the Southeast Asia-focused data centre platform, the companies said on Tuesday. Details of the transaction were not disclosed in the statement issued by the companies. Zero Two is part of sovereign wealth fund Abu Dhabi Developmental Holding Company PJSC or ADQ. The investment marks Zero Two's first foray into Southeast Asia since its launch in 2022 and will provide long-term growth capital to accelerate Evolution's rollout of hyperscale-ready and renewable-powered data centres across the region, the statement said. Warburg Pincus invested in Evolution in 2022 via a joint venture. Since then, Evolution has expanded its portfolio across Thailand, the Philippines and Vietnam, the statement said. Darren Webb, CEO and co-founder of Evolution, said Zero Two's entry as a strategic investor would accelerate Evolution's mission to deliver sustainable, high-performance digital infrastructure across Southeast Asia. Zero Two CEO Ahmed Al Hameli said the partnership aligned with the firm's strategy to deploy long-term capital. "We see a high growth trajectory in modern data centre capacity at scale across Southeast Asia's significantly underserved markets, where cloud and AI demand is rising rapidly," Andrew Fitzpatrick, Warburg Pincus' Principal, said.
GMA Network
07-08-2025
- Business
- GMA Network
TNB Aura sees PH as next 'hot' market for venture capital in next 5 years
Southeast Asia-focused venture capital firm TNB Aura is optimistic about the Philippines' potential as the next regional destination for venture capitalists in the next five years, banking on its emerging startups ecosystem. At the sidelines of TNB Aura's VC Socials in Taguig City on Thursday, TNB Aura co-founder and managing partner Vicknesh Pillay told GMA News Online the company is "investing 10% to 20% of our entire fund towards the Philippines." "Very soon we expect the Philippines to be the next market… in the next five years, to be the most attractive market [for venture capitalists]," Pillay said. Last year, TNB Aura announced it is planning to allocate about $30 million in Philippine startups in the next three years as the company expects the country to catch up with more developed markets. TNB Aura, which describes itself as a "sector-agnostic" venture capital firm based in Singapore, said it is looking for founders who want to be part of a "new era of future-defining growth" in Southeast Asia. Asked if the Philippines was late compared to its peers in Southeast Asia in terms of being a destination for venture capital and private equity funding, Pillay said, "It is not necessarily late, it's just very important to make the timing correct." "Right now we see the Philippines as really exciting." "Frankly, it's just the maturity of the market… the first movers were Singapore and Indonesia when we saw a lot of capital going to Singapore and Indonesia in the past 10 years. Therefore, those were the focus for many regional funds like us in the past year," Pillay said. "Right now, we see Vietnam is becoming the next hot destination for a lot of investors because it is the next market which is maturing and very soon the Philippines, just two to three years behind Vietnam, as the next market," he said. TNB Aura is seeing the Philippines' young demographic as a driver for the country's venture capital ecosystem, leaning on the rising entrepreneurial interests which in turn would create "founders" of next startups. TNB Aura has also partnered with GMA Ventures Inc., the investment arm of GMA Network Inc., with the two parties directly investing in firms that they both believe in. Particularly, TNB Aura and GVI have a partnership agreement with Hofer Development Company (HDC), a house-of-brands company that develops over-the-counter products under the health care category. — VDV, GMA Integrated News
GMA Network
07-08-2025
- Business
- GMA Network
TNB Aura makes first PH investment to textile membrane tech startup Nibertex
Southeast Asia-focused venture capital firm TNB Aura is making its first investment in the Philippines to material science startup Nibertex, which has a production facility in the country. At the sidelines of TNB Aura's VC Socials in Taguig City on Thursday, TNB Aura co-founder and managing partner Vicknesh Pillay told GMA News Online that the venture capital firm is investing $4 million to Nibertex out of a $7-million funding round that the startup has secured together with Asian Development Bank, Foxmont Capital Partners, The Soriano Group & Family Office, among other venture capitalists. "The capital goes towards Nibertex creating more production lines… Our goal is to keep the company profitable," Pillay said. "Nibertex, in our view, is one of the fastest growing startups [in the] Philippines. It is headquartered in Singapore, has Korean founders but is solving global problems [while] manufacturing in the Philippines," he said. Pillay noted that TNB Aura saw potential in Nibertex's proprietary PFAS (Per- and Polyfluoroalkyl Substances)-free textiles waterproofing technology. "We felt that they have now created hockey stick kind of J-curve where they are getting a lot of contracts finally from several notable players… with this particular membrane… now most of the brands are also trying to approach them," he said. Pillay said Nibertext currently has 150 employees in its production line in the he Philippines "With more production lines there will be a lot of employment there," he said. TNB Aura has also partnered with GMA Ventures Inc. (GVI), the investment arm of GMA Network Inc., with the two parties directly investing in firms that they both believe in. Particularly, TNB Aura and GVI has a partnership agreement with Hofer Development Company (HDC), a house-of-brands company that develops over-the-counter products under the health care category. — VDV, GMA Integrated News
Time of India
23-04-2025
- Business
- Time of India
A91 secures $665mn in 3rd fund for startup bets
BENGALURU: A91 Partners has finalised its third fund at $665 million, joining other India-focused venture firms that recently secured funding capital amid growing international attention. Founded in 2018 by four former executives of Sequoia Capital India (now Peak XV Partners), A91 focuses its investments across various sectors, including consumer, healthcare, financial services, and industrials. The organisation provides growth-stage funding between $10 million and $50 million. Their portfolio includes investments in companies such as Digit Insurance , Atomberg, and Push Health. The firm announced the fund closure on LinkedIn, emphasising their dedication to supporting Indian entrepreneurs for extended periods. "We started A91... with the belief that patient capital will play an important role in accelerating value creation in Indian businesses," the post read. This announcement follows other significant fundraising activities in India's venture space. Accel secured $650 million for its India and Southeast Asia-focused Fund VIII in Jan 2025, whilst Stellaris Venture Partners concluded its third fund at $300 million last year, maintaining its focus on early-stage investments in SaaS, consumer internet, and fintech. Despite reduced venture funding for Indian startups throughout 2023 and early 2024, institutional VC funds continue to attract substantial investment. Global limited partners maintain their confidence in India's long-term potential, particularly in areas driven by domestic consumption, digitalisation, and infrastructure development. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
Time of India
22-04-2025
- Business
- Time of India
A91 Partners closes third fund at $665 million
Photo credit- LinkedIn/ A91 Partners ) BENGALURU: A91 Partners has closed its third fund at $665 million, joining a recent wave of a handful India-focused venture firms raising larger pools of capital amid rising global interest in the country's private markets. Launched in 2018 by four former Sequoia Capital India (now called Peak XV Partners executives), A91 invests across sectors such as consumer, healthcare, financial services and industrials. The firm typically backs growth-stage startups with cheque sizes ranging from $10 million to $50 million. It has previously invested in companies including Digit Insurance, Atomberg Technologies and Push Health. In a LinkedIn post announcing the fund close, A91 said it remained committed to backing Indian entrepreneurs over long investment horizons. 'We started A91… with the belief that patient capital will play an important role in accelerating value creation in Indian businesses,' the post read. The close of Fund III follows other sizable raises in India's venture ecosystem. Accel announced a $650 million India and Southeast Asia-focused Fund VIII in January 2025, its largest to date. In November 2024, Stellaris Venture Partners closed a $300 million third fund, continuing its strategy of backing early-stage companies in SaaS, consumer internet and fintech. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Free P2,000 GCash eGift UnionBank Credit Card Undo While overall venture funding into Indian startups declined through much of 2023 and early 2024, investor appetite for institutional VC funds has remained strong. Several global limited partners continue to see India as a long-term bet, especially in segments where domestic consumption, digitisation and infrastructure shifts are driving business formation. With Fund III, A91 is among the larger India-dedicated capital pools currently active in the market, as firms sharpen focus on fewer, higher-conviction bets with clearer paths to profitability. Stay informed with the latest business news, updates on bank holidays and public holidays . Master Value & Valuation with ET! Learn to invest smartly & decode financials. Limited seats at 33% off – Enroll now!
