Private Equity
If the talks fructify, NIIF could put in about $25-30m in the healthcare investor's fourth fund.
Deals
The PE firm is also learnt to have launched the sale process of Indigo Education Group.
The firm wants to take control of exits rather than rely solely on the GP.
1
Green Climate Fund pledges $15m to Pakistani VC firm Sarmayacar
2
TenNor Therapeutics and 32 Greater China deals worth almost $736m
3
Indian B2B marketplace Udaan in talks to raise $100m at flat valuation: Report
4
India: Avaana's Climate & Sustainability Fund surpasses target to close at $135m
5
People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chief
More Stories
Singapore’s Tower Capital in talks to buy playground operator Kiztopia
Indonesia plans to establish new state investment firm
I Squared to buy Philippines’s biggest oil import storage firm for $296m
SK Group acquires Vietnamese semiconductor firm ISCVina for $300m
Zomato’s Q2 net soars 5x, firm to raise $1b via QIP to improve cash position
Analysis
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Philippines
EDC is the Philippines' biggest renewable energy firm.
Rest of Asia
The fund will target middle-market companies in various sectors.
Singapore
The PE firm will buy Philippine Tank Storage International from Keppel Infrastructure Trust and Metro Pacific.
The fund's operations in Asia will be spearheaded from Singapore.
Vietnam
The deal further expands SK Group's footprint in Vietnam's high-tech sector.
The move will help startups tackle the impact of climate change.
in January this year, Udaan's valuation fell by nearly half to around $1.8b in a down round.
DealStreetAsia reported in June that the firm is expected to hit the final close within three to six months.
Blacksoil also exited 11 investments during the quarter.
The investment follows the startup's $20m seed round raised in April this year.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.
No SE Asia-focused PE fund secured a final close in H1 2024.
Indian edtech unicorn Eruditus has bagged capital from investors, including TPG.
Digital fashion solutions provider Browzwear has removed its co-founders from its board.
Health and fitness startup HealthifyMe issued shares to LeapFrog, Khosla Ventures and others last week.
Indonesia
Chitose Bio Evolution has bagged funding from Japanese company Toppan Holdings.
World
Greater China
The round was co-led by Zhongshan Investment Holdings and AMR Action Fund.
"I cannot blindly receive FDI because I want money for investment."
The bourse's nine-month revenue and profit were its second-best ever.
Margins were capped due to a rapid expansion in distribution stores at Blinkit.
The company’s revenue from operations dropped 34% YoY in Q2.
Prosus is a major shareholder in Indian food delivery firm Swiggy.
Blackstone said it saw $41b inflows in Q3, while it deployed and committed $54b of capital.
The group's losses fell almost 8% YoY to $21.7m in FY2024
Abhishek Gupta, ex-finance chief of OYO, will be the new CFO of Lenskart.
The entity, established in 2011, had 574 employees as of end-2023, an official business record shows.
Murati's new venture could raise over $100 million.