Earnings and Results
Grab maintained its full-year revenue guidance at $2.70-2.75 billion and raised its EBITDA forecast to $250-270 million.
Its founder and CEO said the firm is on track to more than double its revenue this year.
Analysis
Japan brokerage seeks to grow assets under management by $260b.
Private Equity
Brookfield India REIT acquires 50% stake in Bharti Enterprises assets for $718m
Malaysia's Ekuinas invests $7.9m in local agricultural machinery firm Mizou
Data Vantage: PICKUP COFFEE, Pawprints, ADDX, Fave and Vuihoc in focus
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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
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.
Malaysia
The consortium's shareholders comprise a subsidiary of the Abu Dhabi Investment Authority.
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.
Ameba Capital, Yonghua Capital, as well as Lenovo Capital and Incubator Group co-led the round.
Tech unicorn VNG Corporation logged net revenue of VND 7,593 billion ($298.3 million) for the year.
Indonesia
Philippines-based coffee chain operator PICKUP COFFEE has received a fresh capital injection from new investors.
World
The three firms are India's Adani Ports, US-based L3Harris, and China's Weichai Power.
Earlier this month, Chinese electric vehicle maker Zeekr's shares also debuted on the NYSE.
Rest of Asia
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 anchor investors include Fidelity Funds, Goldman Sachs, Abu Dhabi Investment Authority and Morgan Stanley.
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.
Each incident involved a Toyota Highlander equipped with the Zoox automated driving system.
The VC firm, called Alyxis Venture Partners, is seeking to raise $150 million for its debut fund.