Deals
The infusion marked the company’s first institutional funding.
1
Atomic Capital leads funding in Speedioo and other India deals
2
DeepSeek closes over $7b funding with unusual deal structure: report
3
Peak XV-backed interior design firm HomeLane plans India IPO in 2 years
4
IFC proposes $86m senior loan to Vietnam-based SeABank
5
SG Digest: Choco Up secures private credit facility; Infrastructure Asia signs 4 MoUs
More Stories
German retailer weighing strategic investment in PH hard discounter DALI
SE Asia Deal Review: Two megadeals drive rebound in startup funding in May
Pints AI raises $5.6m, bets on financial sector’s need for auditable AI
TVM Capital Healthcare secures Australian DFI for SE Asia fund
Indonesia’s Adivira Capital acquires SG medical aesthetics group
Investors are subject to a five-year lock-up and will not have voting rights.
IPOs & Markets
The company is also backed by Accel and Pidilite Industries.
Climate Tech & ESG
Around 25% of the proceeds will be earmarked for women borrowers.
Choco Up has secured a $15m credit facility from AlteriQ Global.
Vietnam
Investors should consider returning capital to LPs even if holding longer can produce higher multiples.
Singapore
Also read about the state of M&A activity in Greater China.
India
Existing backers LightSpeed and Elevation Capital also participated in the round.
The funding follows the vehicle’s first close in September last year.
There were fewer transactions compared with April.
