SINGAPORE – South-east Asia has a robust pipeline of high-quality start-ups that are finding it hard to secure funding at a time when they need cash to grow, resulting in a dearth of large deals.
While the region has been abuzz with private capital investments in recent years, the excitement was centred on the early-stage venture capital (VC) space for nascent start-ups. There were fewer deals in private equity (PE), which tends to invest in mature companies operating in traditional industries.
Ms Kaidi Gao, a VC analyst at research firm PitchBook, told The Straits Times that the funding…
