Rest of Asia
Riyad Capital anchored the financing that valued Ninja at $1.5b.
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GIC, Linden Capital buy minority stake in Canadian healthcare marketing firm Klick
2
Saudi quick commerce firm Ninja raises $254m; enters unicorn club
3
PH’s new tax slash spurs hope for more IPOs in the next 2 years
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Indonesia’s tax withholding proposal for e-commerce platforms raises alarms
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PIDG tackles private capital's inertia towards climate finance
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New Indonesia-focused climate fund launched with first A$50 million
India
The latest fundraise brought Jumbotail’s total capital raised to $263 million.
Lightspeed is now the top shareholder in the B2B firm.
The service is currently live only in the national capital region and Bengaluru.
Indonesia
Alleged fraud estimated to have caused losses of around $2.4m.
Greater China
In China, consumer confidence has been hit by the property crisis and wage growth concerns.
The round also included investments from Gemba Capital and Titan Capital.
Flipkart is the first large e-commerce player in India to secure an NBFC licence.
With China’s ByteDance-owned TikTok still facing a ban in the US, RedNote is seen as an alternative.
Imarticus Learning has acquired edtech platform MyCaptain for nearly $5.84 million.
