Private Equity
The BlackRock-Temasek JV fund had set a target of $1 billion.
Tech exits in Vietnam to improve amid increased M&A appetite, finds report
MatchLog Solutions snags $1.5m funding and India deals worth $113m
GoTo-backed digital lender Bank Jago's profits surge 24% in Q1 2024
Vietnam's FPT to invest $200m in AI plant using Nvidia chips
After blistering growth, Indonesia's data centre firms shift focus to stability, margins
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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
IFC proposes to invest up to $7m in Philippines fintech startup First Circle
Anaemic Q1 fundraising casts pall over Southeast Asia’s startup landscape
(Updated) Zilingo’s Ankiti Bose files criminal complaint against two co-founders: Report
Venture Capital
ShopBack is launching a mobile app and website tailored for New Zealand.
The three funds are dedicated to private credit, social infrastructure, and data centres.
Deals
In 2022, BillEase banked a $20m debt facility from Singapore debt investment firm Helicap Securities.
Vietnam-based edtech startup Prep has closed a Series A round.
Analysis
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
People
Once hailed as a rising star from SE Asia, the startup had raised over $310m from marquee names.
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
“For us, impact is intricately linked with the financial performance of the business.”
Dhawan will continue to be Citi’s head of emerging corporates for Asia.