Private Equity
Its latest fund has backed three biotech companies.
Venture Capital
The new fund brings the firm's total AUM to almost 1 billion yuan ($138.4m).
Six SE Asia-focused funds closed in 2023, raising $2 billion in new capital.
Cainiao buyback is a sign that Alibaba is taking the threat from Shein and Temu seriously
Weekly Roundup: StealthMole and Elevate Foods raise funds and other SE Asia deals
India's Grasim Industries secures $150m from IFC for paints business
More Stories
PH-focused discount grocery chain DALI raises $25m from Venturi Partners
Indonesian digital wallet LinkAja raises funds from Japan’s Mitsui
HSBC launches $1b ASEAN growth debt fund and $150m SG venture debt fund
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
After a slow start to the year, Southeast Asia-focused private equity (PE) funds made a strong comeback in the second half of 2023.
India
Startups founded or co-founded by women in India bagged $1.08 billion in funding in 2023, accounting for a 9.25% share of all private capital raised by startups in the country.
Vietnam
Indonesia
The firm is looking to back companies with target valuations of $100-400m in their Series B+ stages.
Singapore
StealthMole raised $7m in a Series A round led by Korea Investment Partners.
Greater China
The twin-strategy third fund aims to raise $250-300m in total.
Sharechat's valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
Philippines
The company entered the paints business under the brand name ‘Birla Opus’ only recently.
Healthtech startup Mesh Bio has issued new shares to Japanese trading and investment company Mitsui & Co.
Rest of Asia
The proposed loan will have a tenor of two years, IFC said.
Alibaba has decided against listing Cainiao in HK citing a "depressed" share market.
TikTok has in recent weeks taken a harder stance towards enforcing its internal rules as a US ban looms large.
3PL providers are struggling to navigate new competitive dynamics and evolving consumer preferences.
Companies getting into legal disputes with their early-stage investors for missing listing deadlines.
World
Prosecutors also charged the exchange's founders, Chinese nationals Chun Gan and Ke Tang, with conspiracy.
The app aims to generate as much as $20b GMV in the world’s biggest consumer market.
The resolution, proposed by the US, is nonbinding.
As many startups continue to downsize, fractional hiring has become a hot topic among founders and VCs.