DealStreetAsia - Asia-focused financial news and intelligence platform

4h ago

TPG NewQuest raises nearly $981m for fifth Asia secondaries fund: Report

The total includes a $689-million core co-mingled vehicle.

13h ago

China’s Maison Capital rebrands to Fong Capital, closes new RMB fund

Maison Capital has backed the likes of drone maker DJI and biotech firm Insilico Medicine.

13h ago

Malaysia's Creador in talks to invest in True North-backed Indian NBFC

True North, the NBFC’s investor for the past nine years, is charting its exit strategy.

Fewer, larger cheques: India’s seed-stage investors opt for conviction over volume

The average size of a seed-stage deal in 2025 stands at $4.07m—the highest in six years.

IndiaRF targets $1b for second fund; IFC mulls $40m commitment

The fund will focus on special situations and financially stressed companies in India.

Brookfield makes first Singapore investment with $413m acquisition

The assets will be acquired from Mapletree Industrial Trust, a Singapore-listed REIT.

SE Asia logs $680m in private equity exits before tariff chaos

The value of PE exits across five deals in the region rose 126% YoY from $300m in Q1 2024.

Venture Capital

(View all)

10h ago

SG fintech CrediLinq raises $8.5m to expand embedded finance platform

The Series A funding round was co-anchored by OM/VC and MS&AD Ventures.

Indonesia

13h ago

Indonesia’s BRIK secures $10m to push tech-driven labour efficiency in construction

The fresh capital will fund the company’s geographic expansion and fuel product development.

SG’s BrioHR, Vietnam’s Citics raise funds and other SE Asia deals

Openspace Ventures led BrioHR's funding round.

Fewer, larger cheques: India’s seed-stage investors opt for conviction over volume

The average size of a seed-stage deal in 2025 stands at $4.07m—the highest in six years.

View Latest Report Read Summary

Lilly Asia Ventures closes seventh USD fund, rakes in over $547m

The vehicle has hit a final close at its hard cap.

New Research Reports

(View all)

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

Greater China Deal Review: Q1 2025

The deal value plunged 49% to $9.6 billion from the previous quarter.

Southeast Asia Deal Review: Q1 2025

Deal volume fell by 43% and deal value slumped 46% YoY.

SE Asia Private Equity Funds: H2 2024 Review

Only four SE Asia-focused PE funds secured final closes in 2024.

DATA VANTAGE Newsletters

(View all)

Indonesia

Data Vantage: RushOwl secures $7.3m from Alibaba, Gobi, and other updates

The latest round brings RushOwl’s total paid-up capital to S$13.2 million.

DATA VANTAGE: Connect and Heal, HydraX, QE Labs in focus

Also read about IPO trends in Greater China in Q1 2025.

Data Vantage: Quest Global, Pentagreen Capital, and others in focus

Quest Global has issued $33 million worth of new ordinary shares to People Tech’s Singapore subsidiary.

DATA VANTAGE: StoreHub, Nurasa, and Flik in focus

Also read: The shrinking share of megadeals in overall startup fundraising in China.

Deals

(View all)

2h ago

India: Hero MotoCorp leads $75m funding in EV maker Euler Motors

6h ago

Neo Group leads $20m funding in Nobel Hygiene and other India deals

13h ago

Malaysia's Creador in talks to invest in True North-backed Indian NBFC

India's IREDA files second bankruptcy case against Gensol's EV leasing unit

India Digest: Hocco,1-India Family Mart, MedVital in funding news

Beyond The Buyout Newsletters

(View all)

Beyond the Buyout: US-China tariff tension eases but investors hold steady

Investors refrain from making changes to their strategies in the absence of a lasting deal.

Beyond the Buyout: India’s investment outlook faces a geopolitical test

How businesses navigate this period will reveal much about their risk appetite.

Beyond the buyout: India’s homegrown PE funds in favour

Also, why are small and mid-cap funds turning into ‘zombies’ in SE Asia and China?

GreenStreet Newsletters

(View all)

GreenStreet: Financing the Energy Transition

This edition looks at the rise of private credit in financing climate action.

GreenStreet: Agents of change

Read about the role of women in climate action and investing.

GreenStreet: The value in solving for climate change

Presenting our new monthly newsletter focused on climate and impact investments.

Climate & Impact

(View all)

14h ago

Novo Holdings eyes opportunities in food, agri and climate tech sectors in India, Indonesia

PE investors missing out on opportunities in climate adaptation: BCG & Temasek report

Analysis

(View all)

Xiaomi to invest at least $6.9b in chip design

6h ago

Xiaomi to invest at least $6.9b in chip design

It has invested 13.5 billion yuan to self-develop its advanced mobile chip XringO1.

Malaysia

7h ago

Malaysia partners with banks to boost investments in Johor SEZ

The banks' presence is expected to galvanise private sector participation by pooling capital and commerce.

US-China call a truce, but global trade dynamics has changed forever

13h ago

US-China call a truce, but global trade dynamics has changed forever

The path to a comprehensive resolution remains unclear.

The LP View

(View all)

Enough buyers for quality assets in Asia secondaries market: Pantheon

Rest of Asia

13h ago

Enough buyers for quality assets in Asia secondaries market: Pantheon

Secondaries are emerging as a key entry point for investors: Mercer

Rest of Asia

Investors bet globally, but also 'go local' in Asia amid tariff moves

The LP View: GPs need to rethink strategy as days of super returns are over in China

Sluggish distributions to push investors towards GP-led continuations amid tariff uncertainty

Earnings & Results

(View all)

Air India-Vistara merger lifts Singapore Airlines to record profit in March qtr

Passenger yields, a proxy for airfares, dropped by 5.5% due to stiff competition.

Alibaba misses revenue estimates amid consumption slowdown in China

Chinese shoppers have increasingly become cost-conscious.

Ant Group's profit down 31.4% YoY in December quarter

Chinese media had reported that the fintech group plans to list Ant International on HKEX.

Sea Ltd's Q1 profit nearly doubles on strong show by all three verticals

Net income surged to $410.8m in Jan-March from $237.6m in Q4.

Tencent Music beats estimates with 8.7% jump in quarterly revenue

Revenue from music subscriptions grew 16.6% to $586m, while paying users increased 8.3% to 123m.

People

(View all)

1h ago

Byju Raveendran admits to strategic missteps, wife alleges intimidation campaign: report

Aggressive push to expand into 21 countries contributed to BYJU's current troubles, admits Raveendran.

3h ago

HKEX names Hui Leung Wah, Herbert as new CFO

Hui Leung Wah, Herbert was most recently director and group financial controller at Wheelock Properties.