People
The job cut is about 5% of its total workforce.
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
More Stories
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
Deals
Citi’s wealth unit decided to cut the loan-to-value ratio for credit against Adani securities to zero.
Venture Capital
The US firm had raised $25m for Fund IV in 2019.
Private Equity
Zopa’s plans for an IPO have been put on hold.
The Series B round takes the company’s valuation to $1.2b.
Analysis
Bitcoin has soared nearly 40% in January.
Accion Venture Lab II will invest in early-stage fintech firms in emerging markets.
Geopolitical risk is among the risk factors that played a role in OTPP’s decision.
Annual returns had exceeded one trillion crowns in each of 2019 -21.
VC investments in the crypto sector for the entire 2022 were up 20% to $36.6b, show data from Cointelegraph.
