Analysis
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.
Earnings and Results
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Private Equity
Schroders Greencoat is looking at opportunities beyond North America and Europe.
India Digest: Lyskraft raises $26m; Capria Ventures closes India Opportunity Fund at $19m
Meituan looking to hire in Saudi Arabia for bigger bite of global market
India Digest: Advent International eyes stake in Apollo 24/7; InCred marks first close of PE fund
More Stories
India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Vietnamese edtech startup Prep closes Series A round led by Cercano, Northstar
IFC proposes to invest up to $7m in Philippines fintech startup First Circle
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.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
World
Singapore
The BlackRock-Temasek JV fund had set a target of $1 billion.
The three funds are dedicated to private credit, social infrastructure, and data centres.
The firm has 23 active investments in its India portfolio
ShopBack is launching a mobile app and website tailored for New Zealand.
Flashaid has raised $2.5m in its pre-Series A funding round, while Boba Bhai has raised about $1.5m in seed funding.
Ola is exiting the UK, Australia, and New Zealand.
Greater China
The round in Lyskraft has been led by Peak XV Partners.
Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals.
The pre-Series A funding round was led by Motion Ventures and July Ventures.
Vietnam
Indonesia
Competition, manpower shortage pose challenges as initial euphoria settles down.
Malaysia
As part of the merger, long-haul airline AirAsia X will take over Capital A's aviation business.
FirstCry is said to withdraw its IPO papers, make changes and refile them as early as next week,
Rest of Asia
Expedited passes for VCs and unicorns, were among the announcements.
The social media company expects to win a legal challenge to block the ban.
Binance agreed to a $4.32-billion criminal penalty.
It is seeking candidates with expertise in business development, user acquisition, and customer retention.