Earnings and Results
The firm has signed a deal to sell its logistics and delivery businesses.
Bukalapak attributes the performance to top-line growth, thriving take rate and excellent cost control
Analysis
The company is not shutting down its entire operations, CEO Rama Mamuaya told DealStreetAsia.
Deals
Venture Capital
HK-listed L'Occitane's billionaire owner to take skincare firm private in $1.8b deal
Chinese EV giant BYD's quarterly earnings skid on savage price war
Temasek-backed AI startup Blaize raises $106m in funding
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HK-based PE firm Azuremount WH closes co-control deal in AI software developer ATOM
Lured by robust exits, PE firms line up for hospital assets in India; SE Asia to follow
The LP View: Infra fund managers seen adopting clear climate strategy in Asia, says AIIB exec
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.
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
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
Investcorp plans to have assets worth $5 billion in India over the next five years.
Greater China
The deal marks the fourth transaction of Azuremount WH, which has deployed almost $20m so far.
Forus is backed by Accel Partners, Asian Healthcare Fund, Chiratae Ventures, and TEAMFund.
Singapore
The Singapore state investor participated in the round along with other existing investors.
World
The deal values Blackrock Neurotech at around $350 million.
Post-financing, the firm will see its registered capital change to $779m from $630m, per the filing.
Ola is exiting the UK, Australia, and New Zealand.
L'Occitane Groupe owned 72.39% of the cosmetics company at March-end.
The debt investment will help the KKR-backed company grow its business loan portfolio
Indonesia
IFC said the funds will be split between KB Kookmin Card's subsidiaries in these countries.
Andersen was a key player in the company's successful challenge in 2020 to the attempt to ban TikTok.
The salary cuts will affect more than 2,000 bankers.
FirstCry is said to withdraw its IPO papers, make changes and refile them as early as next week,
Vietnam
Rest of Asia
The CSRC rules also expanded the scope of the regulation to relatives of its ex-employees.
Malaysia
Expedited passes for VCs and unicorns, were among the announcements.
The social media company expects to win a legal challenge to block the ban.
The job cuts are part of a planned overhaul launched to boost profit, sources said.