Venture Capital
The fund has a target corpus of $50 million.
1
Shein weighs restructuring US operations as tariff risks cloud London IPO: report
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TikTok to invest $1.14b to build its first data centre in Finland
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India Digest: Fortum sells India unit to Hexa Climate; The Souled Store buys Red Wolf; Kult raises funds
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Rocket Internet-backed Flash Coffee secures $3m to double down on Indonesia
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BII names ex-Omdiyar partner Shilpa Kumar as its new India head
More Stories
Multiples ropes in global LPs to raise over $400m for continuation fund
Franklin Templeton raises $24m in first close of debut India credit fund
India’s Saimirra Innopharm raises funds from Piramal Alternatives
Grab reports 18% revenue growth, $10m profit in Q1
Temasek’s Gabriel Lim appointed CEO of Seviora
Earnings and Results
Its revenue hit $773 million in Q1 2025 but profit dipped marginally from Q4 2024.
People
Lim will take up the CEO’s mantle from Sept 1 after the current CEO Jimmy Phoon retires.
Deals
Also read about healthtech funding trends in the last year.
Private Equity
A final close of between $800 million and $1 billion is expected in 2026.
The latest round valued the company at $165.9 million, per DealStreetAsia’s calculations.
Interviews
Gobi has identified fintech, healthtech, TaqwaTech, and the circular economy as priorities.
Property firms Hwa Hong and Wing Tai Holdings, as well as the Teo family are part of the consortium.
The round was co-anchored by PE firms Apis Partners and Vitruvian Partners.
Analysis
Secondaries offer diversified exposure, faster liquidity, and better asset visibility.
