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 |