BT EXCLUSIVE

PEs target Asean startups as they join VCs in funding landscape

Startups' stepped-up fundraising draws PEs with war chests amid low-rate environment

Singapore

A BURGEONING startup scene coupled with record levels of dry powder are nudging some private equity (PE) firms in South-east Asia into the territory of cash-burning, rapid-growth companies. As these PE firms go deeper into startup land, investors are rethinking the way business