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Hello reader,
Crusaders FC, the soccer team I support back home in Northern Ireland, has gone through a few jersey rebrands in recent years.
Rather than ripping up every part of the club’s identity and starting anew, these “rebrands” typically keep the existing colors and just redesign the shirt somewhat. Because, after all, why throw out what has worked for you over the years just for something new and shiny?
The Asia unit of GGV Capital recently rebranded as Granite Asia, but as today’s featured story details, that doesn’t mean it’s all change at the firm.
Senior managing partners Jenny Lee and Foo Jixun are still at the helm and plan to use their years of experience as the firm tweaks what it does, rather than change completely.
Today we look at:
- Granite Asia’s rebrand in focus
- Carro sets its sights on a US$100 million pre-IPO fundraise
- Other newsy highlights such as Zomato earning rave reviews from stock analysts and TikTok reporting big gains in Vietnam.
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Reshaping Granite Asia
Image credit: Timmy Loen
The Asia unit of GGV Capital recently rebranded as Granite Asia and will put the Asia-Pacific region as its focus.
Senior managing partners Jenny Lee and Foo Jixun were part of the founding team at GGV Capital, and they’re bringing that vast experience to new asset classes and ideas.
- Diversification: Granite Asia will move beyond providing venture capital to funding and supporting founders and their ideas. It’s also planning to launch a credit product to complement its existing equity financing option.
- Connect the dots: While GGV Capital covered Southeast Asia, China, and India, Granite Asia will shift its focus to Asia Pacific. Lee and Foo told The Business Times that they feel they have an edge in operating in this region. “It’s even more important to have investors and board members who can help connect the dots on a global basis,” Lee said.
- Better together: Granite Asia’s existing pool of global investors have remained limited partners following the rebranding. Lee plans on keeping communications with these investors open as the firm does its work.
Read more: Following the rebranding, Granite Asia’s veteran partners dig in for the long haul
Carro eyes funding drive to get in IPO gear
Early bird promotion’s ending soon – get your ticket now!
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