Deals
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Indonesian media firm DailySocial lays off entire workforce amid "transition"
IFC mulls $60m investment in Indian shadow lender Five Star
Thai food major Betagro launches $30m corporate venture capital fund
Australia's Perpetual in talks with KKR for sale of corporate trust & wealth management unit
HK-based PE firm Azuremount WH closes co-control deal in AI software developer ATOM
More Stories
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
Editor’s take: The week that was — April 22-27
Lured by robust exits, PE firms line up for hospital assets in India; SE Asia to follow
The LP View: Infra fund managers seen adopting clear climate strategy in Asia, says AIIB exec
Analysis
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
First Circle provides loans for SMEs.
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
Blending digital and physical distribution is vital for SE Asian digital banks, says CEO Coen Jonker.
Biotech startup Peptobiotics has issued new shares to investors, including Hatch Blue, Entrepreneur First and SEEDS Capital.
The investment has been routed through SUSI Asia Energy Transition Fund.
Philippine fintech giant Maya Innovations received fresh capital from PLDT and others as part of a recent funding round.
IPOs & Markets
The merger is likely to result in Hotel101 having an equity value of over $2.3 billion.
Air quality solutions provider uHoo has issued shares to investors, including Wavemaker Partners and SEEDS Capital.