Earnings and Results
Grab has maintained its current full-year revenue guidance of $2.70-2.75b, which represents a 14-17% YOY growth.
Unicorns
The firm last raised $100m in a Series E funding round led by Tiger Global Management and Vitruvian Partners.
Venture Capital
Golden Gate Ventures partner Michael Lints has relocated to Qatar to oversee this expansion.
Private Equity
Deals
AIG to sell 20% stake in Corebridge to Japan's Nippon Life for $3.8b
Porter becomes India's 3rd unicorn of 2024 after fundraise: Report
Indian software firm Zoho plans $700m foray into chipmaking
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ChrysCapital investing up to $100m in Indian eye care chain Centre for Sight
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.
World
The investment follows SVC’s strategy to attract top global fund managers to invest in Saudi-based companies.
India
Bharti will become the second largest unitholder in BIRET with an ownership stake of 8.53%.
Vietnam
HUSK will use the proceeds to streamline its operations in Cambodia and to expand into Vietnam.
Rest of Asia
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 deal is part of AIG's efforts to reduce its holdings in the life and retirement business.
It is the latest company to seek financial sweeteners from the government to set up a chip fabrication plant.
Anime-focused venture studio Kasagi Labo has raised $12 million in a pre-series A round led by Burda Principal Investments.
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.
Singapore
Sea's revenue and adjusted EBITDA in Q1 2024 topped analysts' estimates.
The exchange has been holding discussions with traders who want to buy/sell bitcoin on a regulated marketplace, per an FT report.
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.