Analysis
Astra is confident of competing in the EV market riding on its strong ecosystem.
India Digest: Infinity Fincorp, Dexif raise funding; Ex-BharatPe COO launches VC fund
Microsoft to invest $2.2b in cloud, AI push in Malaysia
India's Avaada Energy raises $143 in green financing from state lender SBI
Alibaba to build data centre in Vietnam to comply with local storage law
Indonesian conglomerate Astra eyes aggressive EV push in next two years
More Stories
India: Zepto-backer Stride Ventures closes third fund at $165m, lower than Fund II
Warburg Pincus weighs partial exit from Indonesian real estate platform NWP Property
SG hot pot restaurant operator Super Hi files for $100m US IPO
Recommerce platform ReturnKey raises Series A funding
Blackstone reportedly in talks to acquire Dulwich College International’s Asian assets
Deals
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
Earnings and Results
Blibli’s take rate increased to 6.3% in Q1 2024, compared with 4.9% in Q1 2023.
Pet supplies company Vetreska received a capital injection from VC firm Quest Ventures this week.
Warburg, through Adventure Holdings, is the largest and majority shareholder of NWP Property with a 53% stake.
Venture Capital
Argor Capital and Vertex Ventures invested in the round.
Bukalapak is targeting solid top-line growth till the end of this year supported by the O2O segment.
People
Beacon VC has partnered Indonesia’s SUN Group to invest in Thai startup ION Energy’s $3-million Series A round.
Policy & Regulations
Jakarta is Nadella’s first stop on a trip to Southeast Asian countries.
PT ITM Bhineka Power, East Ventures, Indogen Capital, and SMDV participated in the round.