Deals
This week, IPOs were the buzz across global markets.
Venture Capital
Nitex is backed by Singapore-based Accelerating Asia.
IPOs & Markets
Horizon Robotics $700m listing lifts investor hopes for sustained rally.
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Editor’s Take: The Week That Was—Oct 21-26
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B2B commerce platform for apparel Nitex raises $3m in fresh funding
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Hong Kong IPO market shows green shoots of recovery after 3 years
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Blackstone in talks to buy US pipeline stakes from EQT in $3.5b deal
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Google's Waymo closes $5.6b funding to expand autonomous cab service
More Stories
China’s WeRide raises $440.5m from US IPO, placement
Tower Capital acquires Singapore playground company Kiztopia
Private Equity
Analysis
Earnings and Results
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The Week That Was
Award winning newsletter. Recaps the week.
World
Blackstone is planning to make the investment through its credit and insurance arm.
Greater China
The fund includes a mandate to co-invest in opportunities with its existing global GPs.
Philippines
EDC is the Philippines' biggest renewable energy firm.
Rest of Asia
The fund will target middle-market companies in various sectors.
Singapore
The firm wants to take control of exits rather than rely solely on the GP.
India
If the talks fructify, NIIF could put in about $25-30m in the healthcare investor's fourth fund.
The PE firm will buy Philippine Tank Storage International from Keppel Infrastructure Trust and Metro Pacific.
The round also saw participation from existing investors including Andreessen Horowitz, Tiger Global, and others.
Tookitaki raised funds from True Global Ventures Opportunity Fund.
This marks a 3.5-fold jump from last year.
Variational's funding round was also backed by Coinbase Ventures and other investors.
Indian startups raised $4.3 billion from private investors in the third quarter of 2024, marking a 17% decline from the previous quarter.
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.
Waste management firm Ideation3x has issued fresh shares to Unison Capital and others.
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.
Malaysia
Some of these stocks may end up in the hands of PE funds.
On a year-on-year basis, the total funding garnered by Indian startups almost doubled in Q3.
Globally, Dubai ranks 16th in the latest tally from the Global Financial Centres Index, while Abu Dhabi stands at 35th.
KKR achieved its highest-ever fee-related earnings of $1 billion, up 79% from the previous year.
The firm has raised the target corpus to $1 billion from $800 million.
Vietnam
Masan Group reported a 1,349.2% YoY jump in net profit after tax.
In its previous financial year, Qapita posted a revenue of $3m and losses of $5.56m.
Margins were capped due to a rapid expansion in distribution stores at Blinkit.
Sivanandan worked at Hotstar for over two years after working at Google for 15 years.
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.