Venture Capital

Lightspeed Venture Partners and Sequoia Capital held about 13% and 11% stake, respectively in Oyo.

The company supplies maternal and baby products to shops in China’s small cities and rural areas.

Prior to landing his new role, Vanada served as executive director at CyberAgent Capital.

Alpha JWC is the investor behind Kredivo, Funding Societies, and Kopi Kenangan.

Growth equity in the USD 20–100 million segment will be instrumental for unlocking the region’s new generation of tech companies.

The Series D round was worth USD 300 million.

The two funds mark the firm’s continuing focus on early-stage companies in a market where investments are increasingly skewing towards late-stage startups to avoid risks. 

With 14 unicorns in a region that has undergone fundamental digital transformation, will the magic carry on in the next decade?