Growasia wilts and dies

The M&A boutique has closed after failing to find new funding.
Growasia, the MA Internet boutique designed to aid small to medium businesses to buy and sell assets online, has closed down.

The company, which was backed by Crosby, GK Goh and OUB, says it was unable to secure another round of funding, and has thus had to close. An email was sent to clients on Saturday and a notice posted on the company's website at www.growasia.com.

Growasia sought to carve a niche for itself in deals with much smaller valuations than any normal investment bank would care to look at. It aimed via its Internet site to match buyers with sellers on small deals, charging a $10,000 success fee for deals worth...

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