Indonesia
The company’s losses widened slightly to $9.23m in the year, from $8.36m in 2021.
1
Chinese AI firm MiniMax to launch $700m Hong Kong IPO in early Jan
2
SoftBank rushes to close $22.5b funding commitment to OpenAI by year-end
3
Motilal Oswal Alternates invests $72m in India's Sensa Core
4
IFC proposes $20m investment in Malaysian fintech Boost Holdings
5
PE giant Carlyle to acquire KFC's S Korea business
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Greater China
It expects a net profit of 16-17b yuan versus 3b in 2021.
Singapore
Investors anticipate Q1-Q2 2023 to be a turning point in SE Asia’s private markets.
India
These deals accounted for about 47% of the total funding value in the year.
Numerous VC and PE firms have started to make their mark in SE Asia’s gateway city, challenging HK.
Together these 20 startups raised a total of $7.6 billion in 2022.
Since the beginning of 2021, at least 15 startups have received Sebi’s approval to launch an IPO.
A rebound is expected only in 2024 as next year’s pick-up is going to be slower, experts say.
Accessing private wealth will be “an attractive proposition” for GPs, experts say.
At least 25 venture-backed startups have indicated IPO plans over the next two years.
