Deals
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
China's Zeekr to close $368m US IPO a day early
China's Nio turns to rival BYD for new EV brand
Barings to provide over $150m credit to HK-based corporate services provider Acclime
GoTyme Bank shareholders acquire PH-based fintech salary lender SAVii
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
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Singapore’s EDBI in talks to invest in Indian startup unicorn Mohalla Tech
The LP View: Hamilton Lane sees LP-GP alignment as key concern amid rising infra fund mergers
EQT to acquire digital consultancy firm Perficient for about $3b
Indonesian conglomerate Astra eyes aggressive EV push in next two years
Fintech deals surge in Q1 but concerns persist over long-term momentum
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The firm is part of Galaxy Entertainment, in which MoMo-backer Thien Viet Securities is an investor.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Private Credit
The debt amounted to nearly $8.7 million by the end of last year.
Chinese tech group rents server space from state-owned partners in the meantime.
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
Private Equity
Investor appetite has shifted away from cash-burning, high-growth healthtech startups.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.