Deals
Rapido has been valued at $3 billion on a post-money basis.
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Editor's take: The week that was — May 11-16
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Japan's CCI Group eyes deals up to $10m in Vietnam as it ramps up SE Asia push
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SpaceX speeds up IPO timeline, targets June 12 Nasdaq listing
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Schroders to sell China fund management unit to Neuberger
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CK Hutchison drops plans to list global telecom business
More Stories
Hong Kong’s Templewater buys SG-based Ascensus Health from Dymon Asia
Japan’s CCI Group eyes deals up to $10m in Vietnam as it ramps up SE Asia push
SBI, Investcorp back $51m funding in stablecoin fintech Fasset
India: Ride-hailing platform Rapido raises $240m funding led by Prosus
What Gong Cha sale, Jio IPO pivot say about market timing
The investment is expected to be completed by May 14, 2027.
Private Equity
The investment will support the company’s next phase of growth and capacity expansion.
The group plans to raise $950 million through dollar bonds issued by a unit.
Analysis
IPO markets have been uneven, and large exits at peak valuations are getting harder to pull off.
Skyroot Aerospace became India’s first space-tech unicorn.
Earnings and Results
The airline grappled with disruption from the Iran war.
The Indian VC launched its $75-million fund in 2025.
Vaidam Health has acquired oncology-focused healthcare platform CancerRounds.
Nivasa Finance has raised nearly $2.6 million from Prime Venture Partners, Blume Ventures, and others.
