Analysis
Philanthropists and foundations are investors who may keep extremely long exit horizons for their capital.
Jago Coffee and Janji Jiwa also offer beverages at low price points.
The number of late-stage venture debt deals declined to just five in 2023 from 16 in 2022 and 24 in 2021.
Deals
Asia’s new world of climate investing needs philanthropists, creative finance, and a lot of time
Indonesian coffee unicorn Kopi Kenangan serves up new brand for mass market
India: Big-ticket venture debt deals take a hit as investors raise the bar
More Stories
Warburg Pincus weighs partial exit from Indonesian real estate platform NWP Property
Indonesian conglomerate Astra eyes aggressive EV push in next two years
India: Zepto-backer Stride Ventures closes third fund at $165m, lower than Fund II
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.
Morgan Stanley Private Equity Asia and India Life Sciences have jointly acquired a controlling stake.
Indonesia
Warburg, through Adventure Holdings, is the largest and majority shareholder of NWP Property with a 53% stake.
The stake in NSE originally belonged to ChrysCapital VI, when it first bought a 5% stake in the company in 2016.
Greater China
The new funding will finance the establishment of Fano Labs’s new office in Singapore as part of its APAC expansion plans.
The total corpus raised by AiDash to date stands at $91.5 million.
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
Ola is exiting the UK, Australia, and New Zealand.
World
The team at NBK Capital Partners will join the asset manager as its new emerging markets private capital division.
The company is said to have reached out to SBI, Bank of Baroda, Punjab National Bank, and some private banks.
Infinity Fincorp Solutions raised a total funding of $34m in the round.
Singapore
Games Global is offering nearly 6 million shares in the IPO.
Rest of Asia
Zhao is the second major crypto boss to be sentenced to prison, after Sam Bankman-Fried.
The airline owes a total of $781m to its creditors including Central Bank of India, Bank of Baroda, IDBI Bank and Deutsche Bank.
Jakarta is Nadella's first stop on a trip to Southeast Asian countries.
Godrej Enterprises and Godrej Industries will continue to use the Godrej brand.