Policy & Regulations
The Agriculture Accelerator Fund and a one-year extension of a tax holiday bode well for startups.
Indonesia's INA, Middle-East SWF to participate in Pertamina Geothermal's IPO
India's startups have several reasons to cheer after Budget 2023-24
India ramps up spending, cuts deficit in $550b pre-election budget
Gautam Adani loses Asia's richest crown as stock crash wipes out $84b
Asia Digest: S Korea's Energy X raises $20m; NZ-based Hnry bags $35m
Thai insurtech startup Eazy Digital closes seed round led by Wavemaker
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Chinese auto insurtech firm Cheche to list on Nasdaq via SPAC
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
Indonesian logistics tech space to see active fundraising, M&As amid strong demand
The economy is forecasted to grow 6-6.8% next fiscal year, down from 7% projected for the current year.
IPOs & Markets
Wednesday’s stock losses saw Gautam Adani slip to 10th on Forbes rich list.
The group completed a $2.5b share sale a day earlier.
In Australia, the conglomerate operates the Carmichael coal mine and the Abbot Point port.
The anchor portion of the FPO attracted investors including Maybank Securities, and ADIA.
The company was last valued at $3.5b by Sequoia Capital.
The funds will enable Nourish You to double down on its investment towards R&D of new products.
The fund, IndoSpace Logistics Parks IV, is targeting $600m in total equity commitments.
IHC invested $2b in Adani Group companies last year, including Adani Enterpsies.