Deals
Olam Group earlier planned to sell a 35% stake in Olam Agri for $1.24 billion.
Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business
FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others
Indian mortgage lender Shubham raises $112m led by UK's BII, LeapFrog, others
SGX-listed Olam's agriculture unit secures $745m loan from UAE banks
India's Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, others
More Stories
[Updated] Bangladesh B2B startup ShopUp nets $65m in Series B4 funding
SG’s Panthera Growth Partners secures first close of $250m Fund 2
Ascend Vietnam Ventures closes debut fund at over $50m
Vietnam’s Loship said to seek debt financing amid harsh equity funding climate
Betting big on SEA, Belgium’s AvH opens first international office in Singapore
ShopUp’s latest round was backed by Valar Ventures and Flourish Ventures.
Venture Capital
Panthera expects to fully close the fund by end-2022.
Policy & Regulations
Three Arrows failed to make the required payments on a loan of 15,250 BTC and $350 million USDC, said Voyager.
Media reports indicated that an IPO would value the wireless carrier at A$8-12 billion.
The proposed investment will be used to purchase wheat, maize and soya for delivery to customers
Private Equity
The transaction is expected to close in H2 2022
The move will see the Brussels-listed group deepen its network in emerging Asia.
Q & A
“Most VCs attract diverse talent at the junior level, but not in the higher ranks.”
The week saw ShopBack, Dailybox Group, Rainforest, Stashfin, RPG Commerce and OnPoint announce new funding.