Analysis
It doesn’t have plans to put other entities under Singapore.
1
India: Canonicus Capital raises $21m in first close of special situations fund
2
India: Kotak Alts invests $34.5m in Gainwell Group
3
Nvidia CEO Jensen Huang steps down, clouding AI outlook
4
Swiggy-backer Norwest raises $4b for largest fund in its 65-year history
5
Malaysia weighs law to monitor data centres' operations, chips use
More Stories
Advent’s sale of Singapore tuition chain draws PE buyers
India: Premji Invest in talks to back Anderson Diagnostics & Labs
From sale of a single share to a $3b balance sheet: Inside Megaspeed’s rapid expansion
UK-based Octopus Energy launches fund to catalyse $600m for clean energy in Asia
Indonesian investment manager Danareksa eyes $11b AUM by 2027
Deals
Godrej Industries will retain about 80% ownership following the deal.
Higher revenue and improved gross profitability helped offset rising operating expenses.
US authorities are reportedly investigating if Megaspeed helped Chinese companies obtain Nvidia chips.
Private Equity
The potential sale follows two previous attempts by Advent to find a buyer for the business.
Climate Tech & ESG
The fund has received $50 million in commitments from Japanese investors.
Move reinforces the city-state’s role as Airwallex’s co-headquarters alongside San Francisco.
Venture Capital
The Pre-Seed round was led by Openspace Capital.
People
Megaspeed has faced scrutiny over suspicions it helped Beijing gain access to Nvidia chips.
A separate listing would give its own capital base.
