IPOs & Markets
FirstCry is said to withdraw its IPO papers, make changes and refile them as early as next week,
India's FirstCry set to withdraw $500m IPO papers after regulatory scrutiny
Swiggy backer Norwest Venture Partners raises $3b for latest global fund
Schroders Capital's $12.3b renewables arm to make next move in Asia
Asia Digest: ShopBack expands to NZ; Airwallex enters the US
Indian food delivery firm Swiggy gets shareholder nod to raise $1.25b in IPO
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India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Vietnamese edtech startup Prep closes Series A round led by Cercano, Northstar
(Updated) Zilingo’s Ankiti Bose files criminal complaint against two co-founders: Report
IFC proposes to invest up to $7m in Philippines fintech startup First Circle
Anaemic Q1 fundraising casts pall over Southeast Asia’s startup landscape
Venture Capital
The firm has 23 active investments in its India portfolio
Swiggy’s backers include Prosus, Accel, SoftBank, and Invesco among several others.
Flashaid has raised $2.5m in its pre-Series A funding round, while Boba Bhai has raised about $1.5m in seed funding.
JioCinema has become popular for showing the IPL cricket tournament for free.
Private Equity
DealStreetAsia had first written about its fundraising development in May 2023.
Deals
Dutch development bank FMO has also proposed to invest $75 million in the NBFC.
The financing was also backed by investors like Aanya Ventures, Subrata Mitra, and Radhika Pandit among others.
Airtel is the largest shareholder in telecom infrastructure developer Indus Towers with a 47.95% stake.
Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital also participated in the fundraise.