The fund has made its maiden investment in alternative protein startup Flying Spark.
India’s Cipla buys novel anti-infective drug Elores from Venus Remedies
India: L&T to acquire partner in L&T IDPL, make it fully-owned arm
Chinese firm TikTok ropes in Nikhil Gandhi as India head
India: Swiggy eyes 100m customers using its app over 15 times a month in 10-15 yrs
SoftBank’s WeWork rescue plan said to value startup below $8b
Singapore’s Temasek mulls setting up new renewables-focused unit
Bukalapak said to have held merger talks with Alibaba-backed Lazada
Indonesian edtech startup Zenius eyes $20m funding, in talks with Northstar
Singapore: Insignia Ventures Partners raises $200m for second fund
Ant Financial-backed BAce leads Series A funding in Indonesian proptech startup RoomMe
Thai accounting platform Plizz has raised $300k in a seed funding round from Singapore-based venture capital firm REAPRA.
The deal has generated a 2.75x return for the PE firm.
Vietnam-based food alternative provider Cricket One has raised an undisclosed sum led by 500 Startups and Singapore-based Masik Enterprises.
IPOs & Markets
Asset World Corp and AllHome Corp raised $1.6 billion and $285 million, respectively.
Thailand-based car-sharing platform Drivemate has secured $2.2 million in a Series A round led by Netsol Technologies.
Specialized retail is considered more attractive than general retail as it’s less susceptible to e-commerce disruption.
The 34-story Centara Grand Hotel Osaka is slated to open by 2023.
Terra Capital typically invests in early seed and seed rounds in Asian tech startups.
Eastspring is paying $137.6 million for the controlling stake in the mutual fund manager.
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