India
General Atlantic and KKR are among 4-5 PE firms vying for a majority stake in the Faridabad-based chain.
1
Ant Group-owned payments firm 2C2P trims losses by 83% in 2023
2
SE Asian IPO fundraising plunges 60% in first half as Indonesia slumps
3
Thai auto sector reels under subsidies for Chinese EV makers
4
Shanghai launches $14b funds to ramp up IC, AI, biomedicine sectors
5
Private equity giant Apollo pumps $700 million into Sony Music
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L Catterton’s Asia chairman Chinta Bhagat steps down from role
Indosat’s potential sale of submarine cable and fibre assets may attract local bidders
Indonesia’s Volta plans to roll out EV scooters in more SE Asian markets
SE Asian startups left thirsting as funding drought persists into Q2
Chinese generative AI major Baichuan Intelligence snags over $691m in Series A round
Indonesia
The Indonesian telco is looking to raise $1.5-2b from the sale.
India accounts for about one-third of Leapfrog’s total capital.
The funds will be used by DMW Group for its capex and working capital needs.
Jio and MediaTek will team up to make digital dashboards for electric scooters.
Eleven startups operating within aerospace industry collectively raised $60.8 million in Jan-June 2024.
Philippines
Gentree partner Mark Sng will join the startup’s board of directors.
Rest of Asia
The deal values BusinessOn at $258 million.
Glance is also backed by Peter Thiel’s Mithril Capital and Alphabet.
The angel tax abolition is a definite game-changer for our entrepreneurial ecosystem, investors say.