Deals
Asian Terminals is voluntary delisting from the Philippines bourse.
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Investors show caution, shift to new strategies after recent crypto market bust
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Freshworks eyes acquisitions with $800m cash pile, AI in focus
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Diageo sells 65% stake in East African Breweries to Asahi for $2.3b
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Coursera to buy Udemy to create $2.5b firm to target AI training
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Inside China's ‘Manhattan Project’ to master the tech to build AI chips
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Sinar Mas explores minority stake sale in MyRepublic Indonesia
India: Domestic LPs give PE-VC a boost amid global uncertainty
Viewpoint: How Malaysia is leading SE Asia’s semiconductor surge
Singapore’s Olea Global raises $30m to scale trade finance
SEA Digest: Maharlika to buy 11.2% of Asian Terminals; Keppel exits two SG data centres
Penguin Securities raised $2.6 million in fresh capital last week.
The investment brings Etaily’s total funding to over $24 million.
Venture Capital
The round’s backers also included Plio Limited, existing shareholder Altara Capital, and Tonik’s management.
HeyMax issued new shares worth $6.7 million last week.
Tether has invested an additional $10 million in the Singapore-based mobile payments startup.
Eluvo had been largely bootstrapped until now.
Analysis
Mixed-gender leadership teams captured two-thirds of the private capital raised since 2020.
The proposed loan is a US dollar-denominated five-year, senior unsecured facility.
BillEase joins a growing roster of digital-centric fintech players that have bought smaller banks.
