Venture Capital: Corona Launches Some Asian Businesses on a New Growth Trajectory

March 25, 2020 | News, Venture Capital
https://dailyalts.com/wp-content/uploads/2020/03/video-4221401_640-Asia-vc-opps.jpg

VCs and private equity players are on the hunt for these gems.

The coronavirus has delivered unexpected benefits for some businesses. Social distancing norms and country-wide lockdowns have given a boost to remote working. Companies in the health tech sector such as telemedicine and online pharmacies are seeing new interest and rapid growth. Not surprisingly, private investors are on the prowl, looking to get in on these Asian gems at bargain-basement valuations. (NIKKEI ASIAN REVIEW)

Boom times for enterprise services

In a sign of the coronavirus times, Zoom and Microsoft Teams have become the ‘go-to’ remote collaboration tools for workers across the globe.

Over the last week, Microsoft (NASDAQ: MSFT) has picked up 12 million new daily users. That’s a surge of nearly 38% on its previous user base of 32 million.

Zoom Video (NASDAQ: ZM) is laughing to the bank. It has converted over a fifth of its user base into the premium video conferencing version.

Remote working apps

According to Joshua Agusta, director of Mandiri Capital, the global use of remote working and online education apps has spiked after the coronavirus outbreak. The firm is the corporate venture capital arm of Indonesia’s Bank Mandiri. Customers are lapping up the premium versions, or free users are rapidly converting to paid subscriptions, said Agusta.

Moreover, with social distancing becoming the new normal, Agusta feels media companies and content platforms could receive fresh growth impetus.

SaaS and cloud services

An unexpected beneficiary of the coronavirus and the resultant surge in the ‘work-from-home’ model is Mekari, a mobile app that tracks the attendance of employees working remotely.

Demand surges for edtech

Students and stuck-at-home people are seeing the fresh value in retraining themselves and acquiring new skills. E-learning videos are an excellent tool and Indonesian startup Zenius has, therefore, started to offer free access to about 8,000 of these videos. Zenius CEO Rohan Monga said the app was seeing excellent traction, and that his team was doing all it could to prevent the app from crashing due to the surge in traffic.

Health-tech

Online pharmacies and telemedicine are especially attractive currently to VCs and investors. Fundnel, a platform that facilitates investment by accredited persons in private companies at a pre-IPO stage, observes that there is a sharp spike in investor interest in health-tech businesses post-coronavirus.

Moreover, China’s Ping An Good Doctor recently reported exponential growth in the usage of its platform, with cumulative visits hitting 1.1 billion.

Related Story:  Venture Capital: VCs, Wake Up And Smell The ClimateTech Coffee                                                  

Free Industry News

Subscribe to our free newsletter for updates and news about alternatives investments.

  • This field is for validation purposes and should be left unchanged.


Shape

Latest Alternative Investment News

https://dailyalts.com/wp-content/uploads/2021/06/bitcoin-3997860_640.jpg
Alternative Investments/Digital: State Street Digital, A New Division At State Street, To Focus On Crypto

State Street (NYSE: STT), which has $40.3 trillion in assets under custody or administration, said Thursday it is establishing a new digital finance division called State Street Digital. The new…

https://dailyalts.com/wp-content/uploads/2021/06/origin.jpg
Venture Capital: UAL Floats United Airlines Ventures For Innovation In Travel And Sustainability

United Airlines (NASDAQ: UAL) announced its new corporate venture fund, United Airlines Ventures, on Thursday. The fund’s brief is to invest in emerging companies that could reinvent travel and aviation…

https://dailyalts.com/wp-content/uploads/2021/06/el-salvador-2379443_640.jpg
Digital Assets: IMF Has Reservations On El Salvador’s Bitcoin Move
June 11, 2021     Digital Assets, News

The IMF warned Thursday that El Salvador’s move to adopt bitcoin as a legal currency in parallel with the US dollar could have various economic and legal repercussions. El Salvador’s…

https://dailyalts.com/wp-content/uploads/2021/06/Clip_Total_Contactless-scaled.jpg
FinTech: Mexican Payments Platform Clip Raises $250M, Turns Unicorn
June 11, 2021     FinTech, News, Venture Capital

Clip, a Mexican digital payments and commerce platform founded in 2012, announced June 10, its raise of $250 million in a round led by the SoftBank Latin America Fund and…