BYJU’s handed out pink slips to 2,500 employees less than six months back.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
Policy & Regulations
The Agriculture Accelerator Fund and a one-year extension of a tax holiday bode well for startups.
IPOs & Markets
“Once the market stabilises, we will review our capital market strategy,” said the billionaire.
The economy is forecasted to grow 6-6.8% next fiscal year, down from 7% projected for the current year.
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.