VENTURE CAPITAL POST

California, US-based enterprise software startup Elementum, a spinoff from Singaporean firm Flextronics International Inc, bagged $44 million in a Series A funding round led by Lightspeed Venture Partners for a cloud-based supply chain tracking software.

The Singaporean government launched iSTART, a financing program designed to fund the expansion of local telecommunication and mobile app startups into Indonesia, which could potentially be an avenue for growth for the Singaporean and IT industry.

Singapore-listed investment holding company Yoma Strategic Holdings agreed to pick up a 30% stake in Myanmar-based consumer goods firm Asia Beverages Co in a deal valued at $11.1 million (S$14.2 million).

Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.

Singapore-based shipbuilder ASL Marine Holdings agreed to acquire Miclyn Express Offshore's shipyard in Batam, Indonesia for $20 million through it subsidiary PT Sukses Shipyard Indonesia.

San Francisco, California-based online car booking service Uber planned to venture into the Asia Pacific market and start hiring staff members across 14 cities, according to an Uber representative.

Singapore-based online grocery store RedMart secured $5.4 million in a bridge round that will be used to construct its logistics infrastructure and technology in preparation for growth and expansion.

India-based online baby and kids store FirstCry.com scored $15 million in a Series C funding round led by Vertex Venture Management to expand its online, offline, and mobile presence.

Singapore-based private equity firm Nalanda Capital has increased its holding in Mumbai, India-based underwear manufacturer Lovable Lingerie Ltd to 8.79% in a deal valued at $3.25 million.

China-focused private equity group Boyu Capital is set to close $1.5-billion for its second buyout fund within a few weeks, according to people familiar with the matter.

Singapore-Malay asset manager and property investor Aquaint Capital is looking to raise fresh capital to acquire distressed property assets across Australia, according to sources familiar with the matter.

New York, US-based firm Forbes Media attracted the attention of six different bidders including Germany-based multimedia company Axel Springer.

Singapore-based lender Oversea-Chinese Banking Corp (OCBC) will spend around CNY1.8 billion ($298 million) to increase its stake in China-based firm Bank of Ningbo Co from 15.34% to 20%.

UK-based institutional currency investment manager Millennium Global Holdings Inc acquired a 51% stake in Philippine-based seafood exports business Millennium Ocean Star Corp in a deal valued at PHP137.91 million.

While other governments have not provided regulations about the digital currency, Singapore has issued regulations about how merchants can manage Bitcoin taxation and related transactions.