22.03.2016 - UOB-Temasek JV invests US$5m in e-commerce startups from Southeast Asia
A joint venture between United Overseas Bank (UOB) and Temasek, InnoVen Capital, on Monday announced it has signed two venture debt financing agreements valued at US$5 million with e-commerce startups in South-east Asia. In the first quarter this year, InnoVen signed financing deals with Malaysia-based KFit Holdings, an e-commerce health and fitness company, and Thailand-based Pomelo Fashion, an e-commerce fashion company. Both companies will be using the venture debt loans, totalling US$5 million, to develop their business in the region...............................................Full Article: Source
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