Data Vantage | DigiAsia, InCorp, Box Vietnam, Paper.id and Alodokter report updates

DealStreetAsia
3 min readFeb 13, 2024

Edition #347, 13 February 2024

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The Singapore-based parent company of Indonesian fintech firm DigiAsia Bios issued new shares worth $15.5 million to existing shareholders and new investors last week.

The recipients include Indonesia-based [redacted]; KFC Ventures, the corporate venture capital arm of US-headquartered tech company Nityo Infotech; and Shailesh Naik, the co-founder of Singapore-based B2B e-payment solutions provider MatchMove Pay.

DigiAsia co-founder Alexander Rusli told DealStreetAsia the share issuance is part of a funding round secured in 2021. After the latest transactions, the company is valued at over [redacted] million.

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Other updates from DATA VANTAGE

Private equity firm Hillhouse Investment completed the acquisition of Singapore-headquartered corporate solutions and business advisory firm InCorp Global from TA Associates last week. Following the acquisition, InCorp issued shares worth [redacted] million to its new parent company and is valued at over [redacted] million.

Social gaming and live entertainment company Box Vietnam received [redacted] million in new funding from backers, including lead investor TheVentures, a venture builder launched by the founders of streaming platform Viki, and Phuong Ha, the CEO of local digital entertainment firm METUB, last week.

Indonesia-based invoicing, payment, accounting and inventory platform Paper.id has received $500,000 in additional capital from existing shareholder Skystar Capital.

TPG Capital-backed TE Asia Healthcare has invested an additional $10.4 million in its Singaporean subsidiary. The company focuses on oncology, cardiology, and orthopaedics and manages operations in Hong Kong, Malaysia, Singapore, Indonesia, Vietnam, the Philippines, and Thailand.

The Singapore unit of data centre operator Princeton Digital Group issued new shares worth [redacted] million as debt payment to its parent company last week, per regulatory filings.

Engineering solutions provider Quest Global allotted new shares worth $3.3 million to an existing shareholder last week.

Healthcare-focused femtech startup Asia Digital Doctor has issued new preference shares worth $110,000 to existing and new shareholders.

Single-family office LionRock Capital has transferred its entire stake in customer loyalty platform Capillary Technologies to another entity.

Indonesian healthtech startup Alodokter nearly halved its losses in the financial year ended December 31, 2022, according to a recently filed financial statement.

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