Deals
The SG-based VC firm is likely to invest over $8 million in the Indonesian restaurant operator.
Affinity had bought the hospital for an undisclosed amount in 2015.
Venture Capital
About 20% of the [second] fund will be allocated to the so-called 'sci-fi longevity tech'.
Analysis
Private Equity
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
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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
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.
Singapore
PE firm Celadon Partners and ClavystBio, a life sciences investor set up by Temasek, invested.
PE investments in India touched a six-year low at $24b in the financial year ended March 2024.
NephroPlus operates dialysis centres mainly in India, the Philippines and Uzbekistan.
World
Nvidia and Microsoft also contributed in the Series C funding round.
Greater China
Rest of Asia
Machdock Ventures, Black Sheep Capital, and angel investors also backed Brainfish's funding round.
Ola is exiting the UK, Australia, and New Zealand.
Malaysia
Indonesia
The transaction could be valued at as much as $1b, Bloomberg reported.
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.
The SEC has adopted a tough stance toward the digital currency industry.
Warnings of this kind occur frequently in EU trade defence cases.
The notice includes the flagship Adani Enterprises.
Employee numbers were 126 at the end of December, down from 234 a year earlier.