Deals
Singularity AMC, Avatar Growth Capital, and Persistent Systems joined the round.
1
India: Semiconductor startup HrdWyr raises $13m led by Ideaspring Capital
2
Sea Ltd’s Q1 profit rises 7% as fintech & gaming drive growth
3
China's JD.com reports 5% rise in quarterly revenue
4
EQT launches tender offer to take Japan's Kakaku.com private at $3.8b valuation
5
Tonik hits breakeven, targets ‘durable profitability’ ahead of pre-IPO round
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Beauty retailer Konvy bags $22m in Series B led by Cool Japan Fund
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IFC weighs $110m securitisation deal with PH fintech First Circle
Earnings and Results
Adjusted EBITDA also crossed the $1-billion mark in a quarter for the first time.
Revenue was buoyed by government subsidies for electronic goods.
Private Equity
The Japanese company’s board and a special committee unanimously backed the offer.
The firm did not disclose absolute profit figures in its statement.
India
Mekr Technologies has raised nearly $7 million funding led by Avaana Capital.
The fund has already deployed more than 50% of its total corpus across a range of sectors.
Rest of Asia
Japan had asked MBK to abandon its plan to buy Makino Milling Machine last month.
Greater China
The deal covers four cancer and blood-disease drug candidates from Jiangsu Hengrui,
Singapore
The operation is likely to wind down in late May.
