Deals
Here are the most significant private equity, venture capital and startup developments from the week that went by.
Singapore's finance admin startup Osome raises $17m in Series B+ round
PE giant BPEA EQT in advanced talks to invest in Indian IT firm QBurst
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Chinese EVs give VinFast a run for its money in Vietnam
Haidilao restaurant operator Super Hi prices US IPO at $19.56 per share
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Mekong Capital invests $5m in Cambodian biofertiliser firm HUSK
The Parentinc claims to have hit profitability in Jan, filings show losses surged nearly 50% in 2022
Grab reports 24% rise in revenue, lowers operating loss in Q1 2024
Accion launches $152.5m fund to back financial institutions serving small businesses
Axiata, Sinar Mas confirm talks for $3.45b Indonesian telecom merger
Analysis
“Decision was made due to deteriorating macroeconomics in Myanmar.”
Myanmar-based Rent 2 Own issued new shares to PE firm Delta Capital Myanmar and others this week.
Policy & Regulations
The two neighbours will work towards enhancing the cross-border flows of goods and people.
The Adani Group company announced the sale in May 2022 after a military coup in Myanmar
The deal will pave the way for Chevron’s exit from the Asian country.
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Myanmar
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.