Analysis
The past week saw several fundraisings and deals in the climate sector.
Queensland Government's QIC sets up SG office to boost partnerships across Asia
TikTok and Tokopedia may announce Indonesian e-commerce deal soon
India Digest: Infra.market sells stake in RDC Concrete; Biryani By Kilo secures funds; Fireside Ventures mulls stake sale in Mamaearth
SEA Digest: Malaysia's Qarbotech bags seed round; Box Vietnam raises fresh funding
Hina AI bags funds and 41 Greater China deals worth over $847m
More Stories
SG insurtech Igloo closes $36m pre-Series C to drive M&A expansion in SE Asia
Indonesian fintech firm AwanTunai said to have bagged $18m in new funding
Indonesian construction tech firm Gravel raises $14m from NEA, East Ventures, others
The LP View: Flexstone bets on Asia, secondaries as global outlook towards PE shifts
Zephyr Peacock upsizes fourth India fund to $200-250m; eyes first close in July
Zipmex has offered to pay creditors 3.35 cents on the dollar in its latest restructuring plan, Bloomberg reported.
The healthtech sector has defied the wider dealmaking slowdown in the first nine months of 2023.
Venture Capital
Turn Capital said it will open more than 100 new stores in Thailand.
Deals
The companies will invest 100 billion baht each.
The announcement comes as Austrian co-owner, Rene Benko’s Signa faces a property crisis in Europe.
After the acquisition is completed, AIS will become the biggest player in the fixed broadband market.
The company aims to capture 10% of the domestic market in 2024.
Policy & Regulations
Thailand currently offers a government subsidy of up to 150,000 baht ($4,100) per vehicle
The two companies have committed an initial investment of $256 million to the fund.
