Analysis
“If platforms reduce promotions, demand could weaken, which may reduce drivers’ income.”
1
Indonesia’s ride-hailing commission cap risks hurting the drivers it aims to help
2
Greater China dealmaking hits new high in Q1 on 2025 momentum
3
Biotech startup Brano Therapeutics secures $6.8m and other SE Asia deals
4
India Deal Review: Startup funding drops 17.7% to $1.2b in April
5
Indian instant home services startup Pronto raises $20m, valuation doubles from March
More Stories
Vietnam’s Pharmacity in talks with Leapfrog to raise fresh funding
Danantara acquires less than 1% stake in GoTo, show IDX filings
Google, VNG launch Applied AI Lab to accelerate Vietnam’s AI capabilities
DCI Indonesia secures $976m loan to fund data centre expansion
Once a red flag, oil-driven incentives no longer rattle Grab’s margins
Venture Capital
The number of startup investments in Q1 surged to a record 714, the highest in at least six years.
The round was led by Trinity Innovation Bioventure Singapore and SEEDS Capital.
Deals
On a year-on-year basis, the funding value rose nearly 35%.
Pronto had raised $25m in March.
Rest of Asia
The private equity fund is targeting to raise $80m.
Greater China
China’s $8.8b national AI fund is in talks to be a lead investor, a source told Reuters.
Singapore
Advance Intelligence subscribed to about 38 million ordinary shares at $3.90 apiece.
Indonesia
The credit facility has been extended by Bank Central Asia.
World
The sale represents a near 5% premium to the November 2024 acquisition price.
