Deals
Here are the most significant private equity, venture capital and startup developments from the week that went by.
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
More Stories
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
Analysis
“Decision was made due to deteriorating macroeconomics in Myanmar.”
Myanmar-based Rent 2 Own issued new shares to PE firm Delta Capital Myanmar and others this week.
Policy & Regulations
The two neighbours will work towards enhancing the cross-border flows of goods and people.
The Adani Group company announced the sale in May 2022 after a military coup in Myanmar
The deal will pave the way for Chevron’s exit from the Asian country.
Following a military coup in Myanmar in 2021, Telenor announced the sale of its business.
Puma’s interest in Myanmar includes the a fuel import terminal at Thilawa and aviation fuel supplies.
The transaction is subject to customary closing conditions, including Myanmar regulatory approvals.
Myanmar
Norway’s Telenor withdrew from the country in March this year in a departure mired in difficulty.