Deals
The 20-year-old company offers services around mobile and web development across the world.
Saratoga has also announced acquiring a majority stake in Brawijaya Hospital, confirming DealStreetAsia's report.
Analysis
Low-cost EV makers aim to replicate the success achieved in markets from Thailand to Brazil.
Unicorns
Singapore's finance admin startup Osome raises $17m in Series B+ round
PE giant BPEA EQT in advanced talks to invest in Indian IT firm QBurst
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
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Grab reports 24% rise in revenue, lowers operating loss in Q1 2024
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Greater China
Funding by Greater China startups hit a two-year high of $20.1 billion in Q1 in a positive sign for the ailing private investment landscape.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
World
The investment follows SVC’s strategy to attract top global fund managers to invest in Saudi-based companies.
Bharti will become the second largest unitholder in BIRET with an ownership stake of 8.53%.
Rest of Asia
Golden Gate Ventures partner Michael Lints has relocated to Qatar to oversee this expansion.
Malaysia
Ekuinas said the investment is part of its 100 million ringgit ($21 million) Dana Asas fund.
The fund will back companies serving micro, small, and medium enterprises across South and Southeast Asia, Latin America, and Africa.
The firm last raised $100m in a Series E funding round led by Tiger Global Management and Vitruvian Partners.
Vietnam
Singapore
With this, the company has completed its Series B round at $40+ million in total.
Indonesia
Japan brokerage seeks to grow assets under management by $260b.
Doubao app has already exceeded 100 million downloads, with more than 26 million monthly users.
The IPO price gives the Singapore-based company a valuation of $1.26 billion.
The position of the SEBI contrasts with that of the Reserve Bank of India.
Last week, TikTok and its Chinese parent company ByteDance filed a similar lawsuit.
The new measures impact $18 billion in Chinese imported goods, including steel and aluminum, and semiconductors.
The VC firm, called Alyxis Venture Partners, is seeking to raise $150 million for its debut fund.