India
Swiggy’s backers include Prosus, Accel, SoftBank, and Invesco among several others.
India Digest: Lyskraft raises $26m; Capria Ventures closes India Opportunity Fund at $19m
Meituan looking to hire in Saudi Arabia for bigger bite of global market
India Digest: Advent International eyes stake in Apollo 24/7; InCred marks first close of PE fund
Tech exits in Vietnam to improve amid increased M&A appetite, finds report
MatchLog Solutions snags $1.5m funding and India deals worth $113m
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India-focused private equity giant Kedaara Capital closes fourth fund at $1.73b
Vietnamese edtech startup Prep closes Series A round led by Cercano, Northstar
IFC proposes to invest up to $7m in Philippines fintech startup First Circle
Anaemic Q1 fundraising casts pall over Southeast Asia’s startup landscape
(Updated) Zilingo’s Ankiti Bose files criminal complaint against two co-founders: Report
World
The social media company expects to win a legal challenge to block the ban.
Vietnam
Some Vietnamese do not trust TikTok Shop due to concerns over product quality, privacy, and delivery.
Founder Byju Raveendran will take on a more “hands-on” approach in daily operations.
Greater China
Alibaba’s shares have declined 27% in the past 12 months, giving it a market capitalisation of some $178 billion.
Indonesia
Among other hurdles, competition has increased in sectors such as ride-hailing and e-commerce.
Singapore
Purchased transportation and labour-related expenses were the biggest contributor.
Losses in 2023 narrowed by around 33% YoY to 3.68 trillion rupiah.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
DealStreetAsia had reported earlier that LinkAja will be roping in a new global investor.