Private Equity

L Catterton Asia LPs mull third fund’s fate as spin-out triggers key man clause

At least five execs led by managing partner and Asia chairman Ravi Thakran will be joining the new spin-out firm.

Venture Capital

Budget airline AirAsia opens digital arm to investors ahead of possible IPO

AirAsia will open its digital business arm RedBeat to outside investors within the year ahead of a possible IPO, as it strives to become the "Amazon

Unicorns

OYO to set aside $100m for hiring, boosting infrastructure in China

This allocation is a part of the $600 million OYO had committed last year to its China business.

Analysis

SEA set to witness more exits as unicorns show bigger buyout appetite

Venture Capital

Fitness startup CureFit closes $120m funding round led by Chiratae, Accel

Private Equity

Singapore

L Catterton Asia LPs mull third fund’s fate as spin-out triggers key man clause

At least five execs led by managing partner and Asia chairman Ravi Thakran will be joining the new spin-out firm.

Singapore

L Catterton Asia spin-out said to secure backing from SEA conglomerate, MidEast fund

The spin-out firm is set to raise $500-750 million for its debut fund.

Rest of Asia

China’s CITIC Capital invests nearly $20m in NZ-based Tourism Holdings

Tourism Holdings is the largest provider of holiday campervans for rent and sale in Australia, New Zealand and the US.

Venture Capital

Singapore

Grab backs $8m Series A round for London-based Splyt Technologies

Splyt claims to be the largest B2B mobility marketplace, connecting supply and demand for ground transport.

Malaysia

Budget airline AirAsia opens digital arm to investors ahead of possible IPO

AirAsia will open its digital business arm RedBeat to outside investors within the year ahead of a possible IPO, as it strives to become the "Amazon

India

Fitness startup CureFit closes $120m funding round led by Chiratae, Accel

The startup had raised $75 million at over $500 million valuation led by Accel Growth last month.

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Unicorns

India

OYO to set aside $100m for hiring, boosting infrastructure in China

This allocation is a part of the $600 million OYO had committed last year to its China business.

Singapore

Grab backs $8m Series A round for London-based Splyt Technologies

Singapore

Singapore’s Trax acquires US-based retail rewards app Shopkick

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Q & A

Singapore

See strong pipeline for Series B opportunities in two years, says Golden Gate’s Michael Lints

Vietnam

SBI-backed Vietnamese e-commerce firm Sendo looks beyond top-tier cities for growth

Vietnam

Canadian investor Valhalla raising new fund to back female founders in SE Asia

India

Only way to predictably drive exits is to build IPO-worthy firms: Blume Ventures’ Reddy

Deals

Indonesia

Disney in talks to invest in Indonesia’s MNC Group unit

If talks succeed, Disney could invest $200 million over 10 years.

China/HK

Tycoon Richard Li’s FWD in advanced talks to acquire MetLife Hong Kong

A deal could value MetLife Hong Kong at less than $400 million.

Rest of Asia

South Korea to sell entire stake in Woori Financial Group by 2022

In the aftermath of the 1997-1998 Asian financial crisis, the government spent $11.10 billion to bail out the bank.

IPOs and Markets

World

Russia’s Yandex.Taxi may issue new shares in IPO, says top shareholder

Russia's Yandex and Uber combined their taxi businesses in 2017 to create an enlarged Yandex.Taxi.

Indonesia

Indonesia’s Reliance Capital seeks additional underwriter for $300m IPO

Reliance Capital Management is backed by Leapfrog Investments, FMO and PartnerRe.

India

India: Tata unit to build Zara-like extreme fast fashion empire but at cheaper price

For nearly a decade, Tata Group has been Inditex SA’s partner running Zara stores in India.

Analysis

Indonesia

SEA set to witness more exits as unicorns show bigger buyout appetite

Southeast Asia's 11 unicorns are behind nearly 40 acquisitions, although not all involve local startups.

Singapore

China trails Japan in Southeast Asia infrastructure race

India

Investors may tread cautiously as debt levels soar for Indian road developers

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DealStreetAsia has partnered with Pandaily to bring you its weekly TechBuzz China podcast on the Chinese tech industry, straight from Silicon Valley

Opinion

India

It’s time for Jet Airways lenders to accept the airlines is dead

Singapore

Editor’s take: The week that was – June 17-21

Singapore

Editor’s take: The week that was – June 10-14

Vietnam

Telecom giant Viettel enters ride-hailing, to face regional decacorns in Vietnam

Policy & Regulations

China/HK

US adds five Chinese tech companies to export blacklist

The move follows a similar blacklisting of Chinese telecommunications giant Huawei Technologies last month.

World

Walmart to pay $282m to settle seven-year global corruption probe

Walmart subsidiaries in Mexico, India, Brazil and China hired third-party intermediaries and allowed them to make improper payments to government offi

India

IL&FS auditors BSR, Deloitte being probed by six investigative agencies

The nine-month probe by SFIO has resulted in an 800-page chargesheet against 30 entities.

People

Rest of Asia

SoftBank among Japanese companies that pay top dollars to senior executives

Six of the country’s 10 biggest salary packages last fiscal year were offered by SoftBank.

India

Reserve Bank of India loses key voice of dissent with Viral Acharya’s exit

China/HK

Alibaba Cloud chief scientist Min Wanli quits, starts new VC firm

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