India
“Assets built with strong unit economics and large market potential will get backing,” says Omnivore partner Subhadeep Sanyal.
Piling dry powder signals end to Indian startup funding winter
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
CICC, Citic, JPMorgan slash investment banking jobs in China as deals stall
Former Dallas Fed chief Kaplan named Goldman Sachs vice chairman
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CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Troubled crypto platform Zipmex appoints liquidator to wind up operations
World
UK-based firm has raised more than $2b so far from global investors.
Greater China
CICC is planning to reduce its investment banking headcount by at least 10% this year.
Singapore
The investment adds to the S$11.5b the company has already invested in APAC till 2023.
Philippines
The deal could value the data centre business at $750m.
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
Founder and CEO Marcus Lim said the company “cannot by reason of its liabilities continue its business”.
Banks have stopped lending to IIFL Finance’s gold and other businesses.
Nearly 44 of the 183 companies that listed since 2021 are trading below their offer price.
Indonesia
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.