We are pleased to announce the opening of our Singapore office, affirming our belief in the Southeast Asian growth story. Our team will focus on making early-growth and growth stage investments of up to $30m, in technology, healthcare, consumer and financial services companies.
We currently have investments in three Southeast Asia based businesses, virtual credit card company, Akulaku; generic pharmaceutical manufacturer Eywa Pharma; and one-stop banking platform, Silot.
Raj Dugar, Managing Partner Asia, is relocating to Singapore from India and lead the combined India and Southeast Asia operations. Raj joined Eight Roads in 2007 and set up the India team.
Raj said: “Southeast Asia has several early-stage and late-stage funds that cater well to the start-ups and more mature companies. The growth-stage companies, looking at raising Series B/C/D rounds have had limited access to capital given the lack of global funds operating in the region. We see phenomenal opportunity in this segment, and look forward to helping entrepreneurs as they scale their business, providing access to our global network of expertise and contacts.”
Cyrus Jilla, President, said: “We see enormous potential from continued economic development and innovative company formation in the region. The opening of an office in Singapore formalises Eight Roads’ commitment to bring the power of our unrivalled global investing network and breadth of capabilities to support founders as they build their businesses within and beyond the region.”