Policy & Regulations
India’s quasi-sovereign wealth fund, the NIIF, will contribute 49% of that figure.
India, Japan launch $600m fund to back sustainability projects
Losses widen at PH unicorn Maya Innovations despite 35% revenue surge in 2022
Artificial general intelligence will come within 10 years, says Masayoshi Son
Australian lender Westpac cancels sale of Pacific banking business
People Digest: China Renaissance appoints acting CEO; DCS names Singapore MP as MD
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Bain Capital scores first deal in Vietnam, to invest at least $200m in Masan Group
Singapore’s Singtel to sell cyber security business in $205m deal
DSG Consumer Partners hits final close of fourth fund at $114m
Indonesia’s GoTo raises $150m from IFC, Franke & Company via convertible bonds
Why Vertex’s SPAC merger with 17LIVE matters to SE Asia tech ecosystem
Deals
Established as a digital-first brand in 2013, Libas is looking to ramp up its exclusive retail outlets.
The value of IHC’s holding in the Adani group’s flagship company now stands at around $1.68b.
The fund is expected to be launched by Dec, Bloomberg reported.
Private Equity
The credit fund will focus on building lending platforms in LatAm, CEEMEA, and India
Drip Capital is backed by Accel Partners, Wing Venture Capital, and Sequoia Capital India.
Dunzo is in advanced talks to close a $25-30m funding round, Moneycontrol reported.
Analysis
India and Indonesia have become two of the most popular destinations for private equity investors.
Venture Capital
A lot of talent is coming back to India to set up agri businesses, says managing partner Mark Kahn.
While domestic managers exercise caution, overseas funds take opportunities.
