Data Vantage | Pizza 4P’s, Mekari, Atome and Cleantech Renewable file updates
Edition #322, 2 November 2023
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Vietnam-based pizza restaurant chain Pizza 4P’s issued new shares worth [redacted] million this week. The recipients were Shuji Tanaka, Takeshi Umiyama, and Partners 4P’s Pte Ltd, an entity controlled by [redacted].
The restaurant chain currently operates 40 locations across Vietnam and Cambodia.
Last year, the Cool Japan Fund had announced an investment of $10 million in Pizza 4P’s. It bought shares from other investors, including private equity firm Mekong Capital, which exited the firm after the stake sale.
Jakarta-headquartered software-as-a-service (SaaS) firm Mekari received [redacted] million from [redacted], PT Mitratama Grahaguna and PT Binamitra Sejahtera this week.
The firm, which provides HR, accounting, sales and tax solutions to small and medium enterprises (SMEs), had secured $50 million in new funding last year. Mekari had then said it plans to use proceeds from the Money Forward-led financing to expand into fintech services and hire more staff.
The SaaS firm recently filed its financials for the year ended December 31, 2020. Its revenue grew 3.8x during the year, while its losses more than doubled.
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Other updates from DATA VANTAGE
Cleantech Renewable Assets (CRA), a Singapore-headquartered solar energy platform focused on the commercial and industrial segment, received [redacted] million from Keppel-backed Cloud Alpha Pte and Shell Singapore this week. The latest capital infusion brings its year-to-date funding to [redacted] million.
Singapore-based buy now, pay later (BNPL) services provider Atome received $8 million from its parent company this week.
Insurtech startup Symbo Platform Holdings received [redacted] million from AJ Capital this week. The company had last announced a $9.4 million Series A round in 2021.
Maternal healthcare company Biorithm issued new shares this week to existing and new shareholders, including NTUitive, the innovation arm of Nanyang Technological University Singapore.
Singapore-headquartered debt financing platform EvolutionX Debt Capital received $250k from DBS and Temasek Holdings this week.
DTC dental brand Zenyum reported a nearly 40% revenue growth for the financial year ended April 30, 2022. Its losses grew over 110% during the period.
Kuala Lumpur-headquartered co-working space provider Common Ground reported a small profit in the 12 months ended March 31, 2023.
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