Private Equity
DealStreetAsia had first written about its fundraising development in May 2023.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Earnings and Results
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Deals
Analysis
India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Indian NBFC Northern Arc raises $80m in debt and equity from IFC
US seeks 3 years imprisonment for Binance founder Zhao
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Indonesian B2B commerce startup Sinbad set to merge with brand aggregator Tjufoo
More LPs are looking at structured approach to impact assessment, says ABC Impact exec
Healthcare funds looking to cash in on India’s ageing population, higher disposable income
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
Indonesia
This report examines the challenges facing Indonesian fintech players amid an evolving financial landscape.
Singapore
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
World
Nuveen seeks to raise at least $400m for the said fund.
Vietnam
Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital also participated in the fundraise.
Greater China
AIsphere is one of the Chinese challengers of OpenAI's text-to-video model Sora.
Ola is exiting the UK, Australia, and New Zealand.
Dutch development bank FMO has also proposed to invest $75 million in the NBFC.
Philippines
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
The financing was also backed by investors like Aanya Ventures, Subrata Mitra, and Radhika Pandit among others.
The platform will invest in Saudi Arabia, the wider Gulf region and China.
Those new offerings will join the almost 400 "new energy" models already in China's showrooms.
Qiankun plans to provide self-driving systems involving the driving chassis, audio and driver's seat.
Its $330m IPO is the largest in Hong Kong so far in 2024.
Rest of Asia
Binance agreed to a $4.32-billion criminal penalty.
There has not been any formal request from Alipay to Bank Indonesia.
Malaysia
The Hive Climate Al and China Galaxy Securities, meanwhile, are set to launch their funds in the country.
HKEX also reported a 13% drop in Q1 2024 profit.