DealStreetAsia - Asia-focused financial news and intelligence platform

EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry

Deals

47m ago

EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry

EDBI has emerged as the second-largest shareholder in Advanced Micro Foundry after A*STAR.

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

Deals

49m ago

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

The promoters and SeaLink Capital are looking to divest a significant stake.

Hong Kong eyes record $32b fundraising in 2025 amid IPO frenzy

IPOs & Mar...

1h ago

Hong Kong eyes record $32b fundraising in 2025 amid IPO frenzy

In H1 2025, some 44 companies went public in Hong Kong, a 47% jump from H1 2024.

IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India

Deals

55m ago

IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India

KIS raises debt from responsAbility to fund biogas projects in ID

Climate Tech &...

14h ago

KIS raises debt from responsAbility to fund biogas projects in ID

EACON closes CATL Capital-led Series D round and 48 deals worth over $980m

Venture Capital

15h ago

EACON closes CATL Capital-led Series D round and 48 deals worth over $980m

Carlyle looking to sell up to 10% stake in India's Piramal Pharma

Deals

13h ago

Carlyle looking to sell up to 10% stake in India's Piramal Pharma

Vietnam's Koru Capital launches investment arm to create investible SMEs

Private Equity

17h ago

Vietnam's Koru Capital launches investment arm to create investible SMEs

Private Equity

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India

49m ago

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

The promoters and SeaLink Capital are looking to divest a significant stake.

Vietnam

17h ago

Vietnam's Koru Capital launches investment arm to create investible SMEs

Koru Capital Investment will focus on the sub-$5m segment in Vietnam.

Greater China

Zhipu AI raises $140m from Shanghai state funds ahead of IPO

With the new deal, Zhipu AI’s latest valuation is estimated to be around $5.6b.

Rest of Asia

Hamilton Lane among first managers to launch evergreen fund for Asia

The fund will provide clients access to direct PE investments and secondaries.

World

KKR buys Australian chicken farm operator ProTen from Aware Super

Investment will be from KKR's $6.4b second pan-Asia infra fund, which closed last year.

India

India's Dorf-Ketal plans to raise $500m private credit for European acquisition: report

The chemicals company has pursued smaller overseas acquisitions in recent years.

Singapore

KKR-backed Ascend Asia buys SG advisory firm finexis

finexis has a team of over 1,100 financial consultants and staff.

Venture Capital

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Greater China

15h ago

EACON closes CATL Capital-led Series D round and 48 deals worth over $980m

It counts NIO Capital, Eight Roads Ventures, as well as Zijin Mining Group among its backers.

Malaysia

17h ago

MY Digest: Cradle Fund backs 50 startups to date; 1337 Ventures's new accelerator

Cradle said the programme has completed five successful cohorts.

Greater China

China's Foton-backed Cavan Auto raises $168m soon after global foray

Cavan Auto specialises in the production of EVs and NEVs for commercial use in the logistics sector.

Indonesia

Indonesia's Monit raises $2.5m led by Cento Ventures, Japan's Sansan

Existing investors 1982 Ventures and Init 6 also joined the round

India

India's B2B commerce platform Jumbotail raises $120m in SC Ventures-led round

The latest fundraise brought Jumbotail's total capital raised to $263 million.

New Research Reports

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SE Asia Tech M&A Review 2025

The number of tech M&As in SE Asia fell for a second straight year in 2024.

View Latest Report Read Summary

SE Asia Tech M&A Review 2025

The number of tech M&As in SE Asia fell for a second straight year in 2024.

View Report Read Summary

The State of Deep Tech in SE Asia 2025

Capital raised by deep tech startups fell 34% YoY in 2024, but their share of overall funding rose.

View Report Read Summary

India Deal Review: Q1 2025

Sequentially, startup fundraising increased only marginally in Q1, even as deal volume was up 12.3%.

View Report Read Summary

Greater China Deal Review: Q1 2025

The deal value plunged 49% to $9.6 billion from the previous quarter.

View Report Read Summary

DATA VANTAGE Newsletters

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Indonesia

Data Vantage: DEG invests $9.5m in Indonesia’s Waresix and other updates

Waresix is also backed by SoftBank, Temasek, and Tiger Global, among others.

Indonesia

Data Vantage: NewCampus, Believe, and Green Rebel in focus

NewCampus secured $3.3m in capital by allotting shares to a mix of institutional and individual investors.

Indonesia

Data Vantage: GUUD, PEXX, OnlinePajak in focus and other updates

OnlinePajak has issued $5m in new preference shares to Kratos Technology.

Singapore

Data Vantage: CloudSEK, Arival Bank in focus and other updates

CloudSEK has raised $11.2m through the issuance of new preference shares as part of its ongoing Series B1 round.

Deals

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Singapore

47m ago

EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry

India

49m ago

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

AGL Energy buys South Australia's Virtual Power Plant from Tesla

World

50m ago

AGL Energy buys South Australia's Virtual Power Plant from Tesla

India

55m ago

IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India

India

13h ago

India's Reliance to spin off consumer goods business into new unit

Beyond The Buyout Newsletters

(View all)

India

Beyond The Buyout: Co-investments as core strategy for SE Asia’s new SWFs

With the SWFs, Indonesia and the Philippines are creating a more structured landing pad for global capital.

Singapore

Beyond the Buyout: US-China tariff tension eases but investors hold steady

Investors refrain from making changes to their strategies in the absence of a lasting deal.

India

Beyond the Buyout: India’s investment outlook faces a geopolitical test

How businesses navigate this period will reveal much about their risk appetite.

GreenStreet Newsletters

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Singapore

GreenStreet: The Nuclear Option

This edition looks at how countries in Asia are looking at bridging the rare earth elements gap.

Singapore

GreenStreet: Minding the decarbonisation gaps

In this edition, we look at how much impact investing has delivered.

Singapore

GreenStreet: Financing the Energy Transition

This edition looks at the rise of private credit in financing climate action.

Climate & Impact

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Indonesia

14h ago

49m ago

US lifts export restrictions on chip design software to China

Synopsys, Cadence and Siemens said they are restoring access to their tech for Chinese customers.

Xiaomi to consider selling cars outside China only from 2027, says CEO

Greater China

17h ago

EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

Hong Kong eyes record $32b fundraising in 2025 amid IPO frenzy

IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India

KIS raises debt from responsAbility to fund biogas projects in ID

EACON closes CATL Capital-led Series D round and 48 deals worth over $980m

Carlyle looking to sell up to 10% stake in India's Piramal Pharma

Vietnam's Koru Capital launches investment arm to create investible SMEs

Partner Content

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Private Equity

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

Vietnam's Koru Capital launches investment arm to create investible SMEs

Zhipu AI raises $140m from Shanghai state funds ahead of IPO

Hamilton Lane among first managers to launch evergreen fund for Asia

KKR buys Australian chicken farm operator ProTen from Aware Super

India's Dorf-Ketal plans to raise $500m private credit for European acquisition: report

KKR-backed Ascend Asia buys SG advisory firm finexis

Venture Capital

EACON closes CATL Capital-led Series D round and 48 deals worth over $980m

MY Digest: Cradle Fund backs 50 startups to date; 1337 Ventures's new accelerator

China's Foton-backed Cavan Auto raises $168m soon after global foray

Indonesia's Monit raises $2.5m led by Cento Ventures, Japan's Sansan

India's B2B commerce platform Jumbotail raises $120m in SC Ventures-led round

New Research Reports

SE Asia Tech M&A Review 2025

SE Asia Tech M&A Review 2025

The State of Deep Tech in SE Asia 2025

India Deal Review: Q1 2025

Greater China Deal Review: Q1 2025

DATA VANTAGE Newsletters

Data Vantage: DEG invests $9.5m in Indonesia’s Waresix and other updates

Data Vantage: NewCampus, Believe, and Green Rebel in focus

Data Vantage: GUUD, PEXX, OnlinePajak in focus and other updates

Data Vantage: CloudSEK, Arival Bank in focus and other updates

Deals

EDBI acquires over 35% stake in Singapore-based semiconductor firm Advanced Micro Foundry

LeapFrog, Kedaara in talks to acquire majority stake in India's Surya Hospitals

AGL Energy buys South Australia's Virtual Power Plant from Tesla

IFC mulls $150m bet on Ares fund targeting distressed assets in SE Asia, India

India's Reliance to spin off consumer goods business into new unit

Beyond The Buyout Newsletters

Beyond The Buyout: Co-investments as core strategy for SE Asia’s new SWFs

Beyond the Buyout: US-China tariff tension eases but investors hold steady

Beyond the Buyout: India’s investment outlook faces a geopolitical test

Subscribe to our newsletters

GreenStreet Newsletters

GreenStreet: The Nuclear Option

GreenStreet: Minding the decarbonisation gaps

GreenStreet: Financing the Energy Transition

Climate & Impact

KIS raises debt from responsAbility to fund biogas projects in ID

ID Digest: Circulate Capital backs 2 firms; GreenTeams raises Series A

New Indonesia-focused climate fund launched with first A$50 million

IORA raises India's first carbon credit-backed loan from Caspian Debt

DEG sanctions $23.75m loan to Indonesian floating solar plant

Analysis

US lifts export restrictions on chip design software to China

Xiaomi to consider selling cars outside China only from 2027, says CEO

Philippine consumers resilient amid slowdown, say top retailers

The LP View

Pan-Asian funds reshaping SE Asia’s private equity landscape: GreenBear

KWAP finalises 12 global GPs for allocations under Dana Pemacu initiative

HK-based Sagamore to explore new relationships with Chinese GPs

PE/VC fundamentals in Asia intact despite diminished risk appetite

Secondaries represent ‘contrarian opportunities’ in China: LGT Capital

Earnings & Results

Saudi PIF's annual profit slumps 60% due to high rates, inflation

Prosus bets on tech investment, beats target with core earnings up 47%

OpenAI's annualised revenue hits $10b, up from $5.5b in Dec 2024

EV maker VinFast's Q1 loss widens on higher spending as deliveries rise

Chinese ride-hailing company Didi Global reports 8.5% revenue rise in Q1

People

Goldman Sachs appoints Raghav Maliah as global head of investment banking

Citigroup hires Kiyota, Nagasaka as Japan co-heads for investment banking

Baidu appoints Haijian He as CFO

Interviews

Peak XV’s second act: From record returns to a reinvention around AI

Real estate fund manager Hines sees Asia as next growth engine, driven by India

TR Capital prioritises asset quality, market nuances in India investment strategy