India
E-commerce startup funding remained concentrated at the late stage in H1 2024.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
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L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Greater China
Their dominance is now extending to market share.
Singapore
Chope’s investors include Ant Group, Square Peg Capital and Openspace Ventures.
Swiggy, which competes with Dunzo, Zepto, and Blinkit, plans to launch a $1.25-billion initial public offering.
Insolvency proceedings against Byju’s will likely force thousands of employees to quit, its CEO said.
Carousell’s revenue jumped 40% to $115.9 million, largely due to growth in its recommerce business.
The proceedings were initiated after the Indian cricket board complained about failure to recover $19m in dues.
Indonesia
The sovereign wealth fund first invested in Emtek in 2015 and in Bukalapak in 2021.
TikTok Shop almost quadrupled its annual GMV, according to a report by Momentum Works.
Vietnam
METUB’s existing investors include Vertex Ventures SE Asia & India and Do Ventures.