Earnings and Results
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.
Analysis
"For us, impact is intricately linked with the financial performance of the business."
HealthQuad, Somerset among others raising healthcare-focused funds in the country.
Indonesian home decor platform Dekoruma's losses doubled in 2022
SEA Digest: ADB, Buskowitz ink deal for PH solar project; Homefarm raises $1.8m from Mitsubishi Foods
Indonesia cenbank says China's Alipay+ yet to request permit
More Stories
Piyush Gupta said to exit Peak XV to start new VC fund: report
GoTyme Bank looking to expand SE Asia footprint with Vietnam, Indonesia launch this year
Ten new VCs to set up offices in Malaysia as part of KL20 initiative
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.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
Indonesia
This report examines the challenges facing Indonesian fintech players amid an evolving financial landscape.
Singapore
The PE firm aims to raise $520 million for the sixth fund by the end of 2024.
World
Nuveen seeks to raise at least $400m for the said fund.
The firm is said to be targeting around Rs 700-800 crore for the vehicle.
Rebright Partners, NB Ventures, ALES Global, Stride Ventures, and CAC Capital also participated in the fundraise.
Greater China
AIsphere is one of the Chinese challengers of OpenAI's text-to-video model Sora.
The firm sealed a $43m Series C round in March 2023, followed by a strategic investment round last August.
Ola is exiting the UK, Australia, and New Zealand.
Philippines
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.
The financing was also backed by investors like Aanya Ventures, Subrata Mitra, and Radhika Pandit among others.
Airtel is the largest shareholder in telecom infrastructure developer Indus Towers with a 47.95% stake.
Those new offerings will join the almost 400 "new energy" models already in China's showrooms.
Qiankun plans to provide self-driving systems involving the driving chassis, audio and driver's seat.
TikTok has argued the law violates the free speech rights of its users.
Its $330m IPO is the largest in Hong Kong so far in 2024.
Rest of Asia
There has not been any formal request from Alipay to Bank Indonesia.
Malaysia
The Hive Climate Al and China Galaxy Securities, meanwhile, are set to launch their funds in the country.
PwC resigned as Evergrande's auditor early last year amid disagreements over matters relating to the audit of its 2021 accounts.
Once hailed as a rising star from SE Asia, the startup had raised over $310m from marquee names.