India
ADB and existing investor Premji Invest co-led the round.
Geely-backed energy storage firm Corun to invest $168m in Chinese new materials business
FAZZ Financial Group raises $60m in Series C funding so far from Tiger Global, Insignia and others
Indian mortgage lender Shubham raises $112m led by UK's BII, LeapFrog, others
SGX-listed Olam's agriculture unit secures $745m loan from UAE banks
India's Arzooo raises $70m from SBI Investment Japan, Doordash founder Tony Xu, others
More Stories
[Updated] Bangladesh B2B startup ShopUp nets $65m in Series B4 funding
SG’s Panthera Growth Partners secures first close of $250m Fund 2
Ascend Vietnam Ventures closes debut fund at over $50m
Vietnam’s Loship said to seek debt financing amid harsh equity funding climate
Betting big on SEA, Belgium’s AvH opens first international office in Singapore
Greater China
Top Shine Global, an investor in an Evergrande unit , filed the petition.
Vietnam
In 2019, DealStreetAsia reported that FV Hospital was reviewing exit options.
It is the first winding-up petition known to have been filed against Evergrande
WestBridge Capital and Pravega Ventures have invested in the Series B round
Singapore
The transaction is expected to close in H2 2022
Rest of Asia
Valar Ventures and Flourish Ventures backed the latest funding round.
Aermont, that has part-owned the business since 2014, has sold out as part of the deal.
Japan’s housing market is seen as a safe haven for investors thanks to robust demand and occupancy.
Evergrande has more than $300b racked up in debt.
