KV Asia Capital

KV Asia Capital is a private equity firm established in 2010 and headquartered in Singapore. The firm specializes in making substantial equity investments in quality mid-sized companies across Southeast Asia. Its investment focus spans various sectors, including consumer, healthcare, services, and manufacturing. By targeting these industries, KV Asia Capital aims to support the growth and development of promising businesses in the region.

Karam Butalia

Executive Chairman

Gan Ping Lee

Managing Director

Vibhav Panandiker

CEO, Partner and Co-Founder

Jeremy Tan

Partner

Mark De Venecia

Partner

5 past transactions

ZUS Coffee

Venture Round in 2024
ZUS Coffee is a tech-driven coffee chain that makes specialty coffee accessible to everyone. ZUS Coffee offers a diverse menu including specialty drinks like Americano and Buttercrème Latté, catering to various tastes and dietary preferences. The brand emphasizes using high-quality ingredients and innovative brewing techniques, aiming to make specialty coffee accessible to a broader audience. ZUS Coffee operates a mix of physical outlets and a strong digital presence, offering delivery services through its app.

Wildflour Hospitality Group

Series B in 2024
Wildflour Hospitality Group is a restaurant that serves bread and pastries and offers a bistro dining experience.

GB Industries

Acquisition in 2022
G.B. Industries is a prominent manufacturer of electrical safety products, focusing on the production of Rubber Insulating Gloves and Rubber Insulating Sleeves marketed under the NOVAX® brand. These products are essential for linemen and electrical contractors who work in environments where they may encounter energized parts. In addition to rubber gloves, G.B. Industries offers a range of related products, including latex gloves and glove storage bags, all designed to enhance safety and protection for its clients in the electrical sector. By prioritizing quality and reliability, G.B. Industries plays a critical role in safeguarding professionals working in high-risk conditions.

DXN

Private Equity Round in 2017
DXN Holdings Bhd, founded in 1993 and based in Malaysia, specializes in the research, development, cultivation, and manufacturing of health supplements, fortified beverages, personal care products, and household items. The company is particularly recognized for its Ganoderma-based offerings and operates globally through a direct sales model, boasting over 6 million registered members. DXN has established a significant presence in various emerging markets across Asia, the Middle East, and Latin America, and its diverse product lines include dietary supplements, food and beverages, skincare, cosmetics, and water treatment systems. Additionally, the company operates within two segments: health and wellness consumer products and investment holding.

TF Value Mart

Acquisition in 2016
The TF company started expanding in 1998 when the Low family purchased two abandoned and old cinemas building (Lyceum and Lido) in heart of Bentong. Soon they converted Lyceum cinema building into a warehouse while Lido was made into the first supermarket in Bentong and that was the birth of TF Value-mart Sdn Bhd.
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