Indonesia
Chief financial officer Eddy Porwanto has been appointed acting CEO.
1
Indian fund manager Motilal Oswal Alternates closes fifth fund at $938m
2
Anthropic opens India office as revenue run-rate doubles in 4 months
3
FountainVest, EMS call off deal for EuroGroup Laminations stake due to India compliance issue
4
Reliance Retail to pilot search and discovery platform in multi-channel push
5
Pravega Ventures leads funding in Otto Money and other India deals
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Moladin had recently raised $18.6m from existing and new backers.
India
The hiring push would double UBS’s workforce in Hyderabad.
Singapore
Subramanian will expand ICG’s presence in the region, driving growth of its flexible capital strategy.
Yi-Wei Ang will lead digital transformation at PropertyGuru.
Piyush Gupta will be appointed as non-executive chairman.
Traveloka said the layoffs were limited to selected areas of the business.
SMBC acquired a 24% stake in the Mumbai-based lender last year.
MD Ashish Agrawal and investors Ishaan Mittal and Tejeshwi Sharma have exited the firm.
The unicorn’s ex-chief will be charged with alleged “falsification of accounts and forgery”.
