Deals from FinancePlus Southeast Asia

Deals from FinancePlus Southeast Asia


Hydroponic Vegetable Project in the Philippines

The Project consists of the development of up to ten hydroponic vegetable plants using advanced equipment from Japan at a cost of about USD 2m each. Equity and/or debt financing of up to USD 25m is being sought for the Project.

The use of hybrid hydroponics equipment based upon the technology of advanced nations (Japan) is available, and its use would contribute to the improvement for the the potential of agriculture in the Philippines, regional vitalization, and employment development. Since a hydroponics enterprise can exist almost anywhere, in agriculture areas or urban, there is the possibility to extend agriculture into urban areas, and decrease the regional gap between agriculture areas and the business district. It also enables people who live in urban areas to choose agriculture for work.

Although the Philippines is globally famous for production of fruits (banana, mango, pineapple), there is very little production of vegetables. The reason is related to climate and soil. Since the Philippines has a subtropical climate, it is not suitable for cultivation of soil crops. Also the Philippines has much soil resulting from volcanic ash fall deposits, and there is no nutrition in soil. This means that the crops that can be grown are restricted. In recent years, the the use of hydroponics has increased, but vegetable supply still depends mostly on import. Green-leaf vegetables are rarely found except in expensive restaurants and hotels. The Project aims to supply fresh vegetables fresh to the average citizen, and safely through a hydroponics.

Market Strategy
The Project plans the use of hydroponics plants using Japanese technology, the world’s leading source for such equipment. They produce good vegetable quality with low agrochemical input. Prospects for vegetable sales include supermarkets, restaurants, and a street markets. The Project plans to contract with brokers, wholesale houses or a trading companiesfor distribution.

Market Research
In the Philippines, the main vegetables are cassava which occupies about 34% of cultivation area, sweet potato with 20%, eggplant (3.4%), yumpotato (3.0%), tomato (2.8%), onion (1.6%), and asparagus (0.4%). There is very little production of green leaf vegetables in the Philippines. Therefore, Since almost all people are poor in the Philippines, they cannot eat green leaf vegetables. In Philippines, agriculture has been performed well for many years. Its banana, mango, and pineapple plantations are famous in the world. However, the level of agricultural technology level is low, there is inconsistency of water management, soils are mainly volcanic ash, and there is a shortage of manure and agricultural chemicals. In recent years, agriculture has been improving little by little with support of advanced nations. There are hydroponics businesses but they are generally small scale and productivity is not good.

Kats Yakama / COO & CFO & Executive Producer
[email protected]

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Ultra pure quartz production in Vietnam

Project description: Industrial production of High Purity Quartz using low cost production technology

Product: Quartz (silicon dioxide) of high purity (5N 99,999%, 6N 99,9999% and higher)

High purity quartz is the basic material for electronic, optical, lighting and solar (PV) industries.
Used in solar elements, semiconductors, optical fibres, lenses, crucibles, telecommunications…

Description of the market
-High deficit of high purity product with increasing demand;
-High prices and shortage / unavailability of 5N+ purity;
-The users have to purchase the product of lower purity and purify it.

Our technology
Our technology is a novel approach to produce high purity and ultra-pure quartz.
Instead of classic scheme of quartz purifying (taking out the impurities) we “take” only pure quartz out of raw material which can be quartz sand of any purity.
The purity of the product in our technology is limited only by the quality of production line and the purity of the production process.
Most reagents are recycled and used in production again and again.
As a result we get a high purity quartz – so called “solar grade” quartz.

Readiness of the project
The technology is completely ready for industrial use, it does not require any additional tests, researches, etc.
We have finished a test production using a pilot production line. Now we are ready to increase the production capacity (purchase the large size equipment) and build a full-size factory.

Needed investment amount

Minimal amount to start with a small production line: USD1,000,000
This amount will let us start with a small 300tpa production line with low cost equipment and using of local bank financing for exporters.

Minimal amount to start with full-size line: USD2,000,000
This amount will be enough to start a 1000tpa project with low cost equipment and using of local bank financing for exporters.

Recommended amount: from USD6,000,000
With increase of financing we will purchase a higher class equipment with production capacity 2000tpa which will let us get the higher purity of production process and the product; there will not be any need to use local financing.

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Project Funding to Refurbish and Operate a LPG Terminal in Malaysia

The Company owns a LPG terminal in Malaysia refurbishment is required to operate. The terminal was previously owned by national oil company. The terminal has 3,000 MT capacity with two pressurized spheres. The Company plans to provide a LPG filling and bottling service for LPG players in Malaysia and sell LPG in conjunction with the filling service. LPG also will be exported to Thailand and other ASEAN countries. Discussion with major customers is ongoing.

The Company requires USD 15 million for the refurbishment and also for working capital requirements. The Terminal is currently equiped with two pressurized sphere tanks, piping, administration building, and loading/unloading bay. The terminal is located inside a port.

Anticipated IRR: 36.53%
NPV year 2024: USD 77,053,739

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Russian fintech fund Life.Sreda acquires Southeast Asian mobile acquiring startup iboxPro

East-West Digital News
Life.Sreda, a Russian fund investing in financial and mobile technologies, has acquired iboxPro, a leading Asian mobile point-of-sale service, and intends to merge it with its Russian portfolio company LifePay.
The details of the transaction have not been disclosed, but an unnamed source told business daily Kommersant that it amounted to “up to $10 million.”
Tapping into iboxPro’s networks in Vietnam, Indonesia and Thailand, Life.Sreda aims to create a market leader in Southeast Asia. A new company, christened ‘LifePay Global,’ is being created with headquarters in Singapore.
LifePay Global, which plans further expansion to the Chinese and Philippine markets, has set for itself the goal of processing $40 million worth transactions per month by the end of 2015.
The company is also hoping to launch a number of new services, including online loads, online acquisitions, and digital wallet services.
“The reason for our attention to mPOS projects is the fact that today they are the fastest-growing. That is quite understandable: they have one of the lowest CPAs and the highest customer base growth rate. No other financial technology demonstrates such growth speed, low customer acquisition cost, and upwell capabilities,” international tech blog Tech Cocktail quoted Vladislav Solodkiy, LifePay Global Managing Director, as saying.
“Today’s main competitive advantage is the ability to use data, analyze it the right way, and implement the results. Modern smartphones and tablets turn each payment into a unique source of data valuable for management and development,” said John Langer, Chairman of the Board at ibox.
Life.Sreda announced recently its intention to support actively the development of LifePay, which it considers to be its most promising project in Russia. The new  Life.Sreda II fund focuses exclusively on foreign markets.
This story first appeared in East-West Digital News, a leading online resource on Russian digital industries.

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Siberian high tech company teams up with Singapore’s HaxAsia to launch local “fund-accelerator”

East-West Digital News
Just one year after Russia saw the launch of its first hardware accelerator, DI Group, a Tomsk, Siberia-based high tech group, has launched a “venture fund-accelerator” targeting startups in the fields of smartphones, electronics, gadgets and Internet projects.
The acceleration program of up to six months encompasses the industrial design and the marketing aspects of each project, reported local innovation portal The “venture fund-accelerator” may invest up to 8 million rubles (approximately $120,000 at the current exchange rate) in a start-up, in addition to helping teams launch crowdfunding campaigns.
The “venture fund-accelerator” enjoys the support of the RVC Seed Fund and Singapore’s hardware accelerator HaxAsia. Tomsk startups will thus receive the support of experts from Singapore, the USA and other countries.
The “fund-accelerator” is being managed by DI-Group President and HaxAsia co-founder Igor Kovalev.
Among HaxAsia’s other Russian is seed-stage fund SpinUp Partners, which invested in the accelerator last year.
This story first appeared in East-West Digital News, a leading online resource on Russian digital industries.

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Singaporean Data Analytics Startup TookiTaki Raises $1M To Expand In Asia-Pacific

TookiTaki, a Singaporean data analytics startup, announced today that it has raised $1 million in seed funding led by Jungle Ventures, with participation from Rebright Partners and Blume Ventures. The capital will be used to expand its service-as-a-software platform into new markets in Southeast Asia, Japan, Australia, and New Zealand.

TookiTaki started out as an ad tech company that helped users figure out where to place advertisements on social media networks and other online platforms. Eventually, TookiTaki expanded its services to provide data analysis and predictions about customer behavior, marketing, and product sales for companies.
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‘Uber For Logistics’ Startup Lalamove Lands $10M To Expand In China And Southeast Asia

Lalamove, an Uber-like service for logistics, has raised $10 million to expand its presence across Asia, where it already operates in six cities.

The company, which began life in Hong Kong in December 2013, offers iOS and Android apps that allow customers to move items across a city using its network of ‘regular’ drivers. Its business model is basically akin to an ‘Uber for logistics’ since anyone with a valid license and car can sign up to be a driver.

The $10 million round is led by China’s Crystal Stream Capital, and it includes participation from Geek Founders, Mindworks Ventures, Sirius Venture Capital and Aria Group. Lalamove said a number of unnamed individual investors also took part.

Executive Blake Larson told TechCrunch in an interview that the money will be used to strengthen its position in its existing markets: Hong Kong, Singapore, Bangkok, Taipei and — as of last week — Guangzhou and Shenzhen. The capital will also be used to “further penetrate” China and enter more parts in Southeast Asia.
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Infinity Levels Raises $500,000 To Develop Supercell-Inspired Games In Southeast Asia


Bangkok-based gaming startup Infinity Levels has landed $500,000 in funding to help it follow the model of success popularized by Supercell’s business and its blockbuster smash title Clash Of Clans.

Infinity Levels actually pivoted from an original focus on dating apps to games last year. Having taken an early seed funding round from Thai e-book startup Ookbee and Singles Solution (Infinity Levels CEO and co-founder Nikki Assavathorn’s other business), it has now pulled in this new round from InVent, a VC firm with links to Thai operator AIS.

That pivot is quite the transformation. Assavathorn told TechCrunch in an interview that its Avalable dating app remains in service, but the 10-person team has switched focus to gaming because of a perception that the grounds are more fertile, particular for freemium-based games.
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Singapore’s Temasek buys 10.16 pct stake in India’s Intas Pharma

MUMBAI, Nov 10 (Reuters) – Singapore’s Temasek Holdings has bought a 10.16 percent stake in Intas Pharmaceuticals, a privately-held Indian drugmaker, Intas said on Monday. Temasek bought the stake through a secondary purchase of shares from private equity firm ChrysCapital, according to the statement. The financial terms of the deal were not disclosed. Temasek, the Singapore state investor, last month agreed to invest over $80 million to buy a stake in the operator of KFC, Pizza Hut and Costa Coffee chains in India.

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Indonesian Marketplace Tokopedia Raises $100M From SoftBank and Sequoia

Tokopedia, an online marketplace in Indonesia, has raised an impressive $100 million round led by SoftBank Internet and Media (SIMI), with participation from Sequoia Capital and returning investor SB Pan Asia Fund. The valuation was undisclosed.

The investment is the second major one announced in Southeast Asia this week, which points to increasing investor interest in the region. Yesterday, Malaysia-based taxi-calling app GrabTaxi said that it raised $65 million to increase its competition against Uber in Southeast Asia.

Founded in 2009, Tokopedia is currently Indonesia’s largest online marketplace and, like Flipkart, Amazon India, and, allows individual vendors to set up shops. Tokopedia says it will use the new funding to acquire new users and hire more employees. SoftBank, which along with Sequoia Capital will add representatives to Tokopedia’s board of directors, plans to use its investment in Tokopedia as part of its goal to become the “No. 1 Internet company in Asia.”
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