Bio Farma has estimated a 49% drop in revenue in 2022.
BYJU's fires another 1,200 employees, more layoffs to follow
People Digest: Grab appoints SG politician to handle public affairs; FWD names new CEO
SEA Digest: SG's BandLab acquires beat platform Airbit; Indonesia's Bio Farma, SIRCLO launch Medbiz
HK-based New World weighs sale of majority stake in $1.4b premium office tower
Sequoia Capital leads $12m Series A round in SG-based Freightify
Bangladesh B2B startup ShopUp secures $30m debt financing
Creador, Navegar invest in Philippines-focused discount retail chain DALI Stores
Former Gojek exec’s SaaS startup klikit raises $5.6m in seed funding
PH’s Foxmont Capital Partners raises $21.3m for second venture fund
SG wealth management platform Kristal.AI eyes $30m Series B funding
New World is offering a guaranteed capitalisation rate to attract investors.
The round also saw the participation of Trail Mix Ventures and Alteria Capital.
WeMo plans to expand its services to SE Asia, with an emphasis on Indonesia and Thailand.
The company is said to be eyeing an expansion to Indonesia, Vietnam, and Malaysia.
Citi’s wealth unit decided to cut the loan-to-value ratio for credit against Adani securities to zero.
Klikit allotted shares to investors, including Wavemaker Partners and Gentree Fund.
India-based PE IndigoEdge will be running the book building for the round.
Baozun had signed a deal to acquire Gap Greater China for $40m last Nov.
The loan will be used to expand CARD’s lending to low-income borrowers.