Venture Capital
SE Asia to remain a dominant market for the next fund as well, Square Peg Partner Tushar Roy said.
Analysis
Lack of western investors' participation amid geopolitical tensions may limit scope for gains.
Private Equity
Its predecessor fund had raised $20b in early 2021.
Private Credit
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Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Greater China
Funding by Greater China startups hit a two-year high of $20.1 billion in Q1 in a positive sign for the ailing private investment landscape.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
World
Mubadala plans to buy Fortress from SoftBank Group.
Trustar Capital, Future Times Technology, and Towngas were among the investors.
India
Triomics raised funding from Lightspeed, Nexus Venture Partners, General Catalyst, and Y Combinator.
Rest of Asia
Singapore
The firm said it currently administers over $130b in assets across more than 600 PE/VC funds.
Malaysia
Carsome sold 150,000+ cars in 2023, bringing the total sales since its launch in 2015 to over 500,000.
Premji Invest and other associates will purchase the remaining stake.
Offer values Great Eastern at S$12.12 billion.
Fosun Health Capital is the first venture capital fund set up by Chinese pharma group Fosun Pharma.
India's banks are boosting their capital base to meet a rising demand for loans.
Naver holds an equal stake with SoftBank in a JV that controls the messaging app.
Zeekr upsized its IPO to sell 21 million American Depositary Shares at $21 per share.
It is considering a new regulatory push to restrict the export of proprietary or closed source AI models.
The proposals are intended to safeguard the healthy development of the lithium battery sector.
Indonesia
With the termination of its business licence, TaniFund is required to cease all business operations immediately.
Kaplan will give strategic advice to the Wall Street giant's clients globally.