PEs target Asean startups as they join VCs in funding landscape

Singapore

A BURGEONING startup scene coupled with record levels of dry powder are nudging some private equity (PE) firms in South-east Asia into the territory of cash-burning, rapid-growth companies.

As these PE firms go deeper into startup land, investors are rethinking the way business models are being evaluated in order to capture the opportunities in the space, even as they eye it with much caution.