India
Ola is exiting the UK, Australia, and New Zealand.
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
The Radical Fund, Keppel team up for climate innovation in real estate
Data Vantage: Hugosave, GoTyme, Prep, The Parentinc and EDPR APAC in focus
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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
Greater China
The Group has plans to seek regulatory approval in Europe, the Middle East, South America, and Africa.
Ola Electric has filed its draft red herring prospectus for an IPO to raise $660 million.
Indonesia
HSBC will back companies from its $1b ASEAN Growth Fund.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
The country added just two unicorns in 2023.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Singapore
The startup will produce in Italy “chiplets”, which can be the size of a grain of sand.
The payments unicorn was last week reported to be under investigation by India’s ED.
Investors including Prosus, General Atlantic, Peak XV say they are “deeply concerned about the stability of the company”.