Venture Capital
The move will help startups tackle the impact of climate change.
1
Green Climate Fund pledges $15m to Pakistani VC firm Sarmayacar
2
TenNor Therapeutics and 32 Greater China deals worth almost $736m
3
Indian B2B marketplace Udaan in talks to raise $100m at flat valuation: Report
4
India: Avaana's Climate & Sustainability Fund surpasses target to close at $135m
5
People Digest: Elevation Capital promotes execs to partners; Lenskart names new finance chief
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Singapore’s Tower Capital in talks to buy playground operator Kiztopia
Indonesia plans to establish new state investment firm
I Squared to buy Philippines’s biggest oil import storage firm for $296m
SK Group acquires Vietnamese semiconductor firm ISCVina for $300m
Zomato’s Q2 net soars 5x, firm to raise $1b via QIP to improve cash position
Analysis
The round was co-led by Zhongshan Investment Holdings and AMR Action Fund.
in January this year, Udaan’s valuation fell by nearly half to around $1.8b in a down round.
DealStreetAsia reported in June that the firm is expected to hit the final close within three to six months.
People
Abhishek Gupta, ex-finance chief of OYO, will be the new CFO of Lenskart.
India
“I cannot blindly receive FDI because I want money for investment.”
The two are in talks to set up a general insurance and life insurance firm, Bloomberg reported.
Philippines
EDC is the Philippines’ biggest renewable energy firm.
US-based investors such as Founders Fund, 8VC and Lachy Groom also participated.
Paytm can onboard new customers for digital payments on UPI.