31 Mar '16, 6am

Singapore's Garena raises US$170 million Series D, led by Malaysian Government fund

Southeast Asia’s largest Internet and mobile platform company Garena today announced it has raised a US$170 million Series D round lead by the Malaysian Government strategic investment fund Khazanah Nasional Berhad (Khazanah). This latest round brings the total amount raised by Garena to US$500 million. The company plans to use the funding to “accelerate regional market leadership across Garena’s three pillars of Digital Content, eCommerce, and Payments”. Garena also told e27 the investment truly makes the Internet company a pan-ASEAN enterprise with a local expertise. “We believe that Khazanah’s experience in building world-class businesses will offer us strategic insights to expand our digital content, eCommerce and payments businesses in the region,” the statement read. Furthermore, Garena Group President Nicholas A. Nash specifically highlighted the rapid growth trajec...

Full article: https://e27.co/singapores-garena-raises-us170-million-ser...

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Singapore’s Garena raises new funds, valuing it at $3.75 billion https://t.co/vm8eDym0cy

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