Deals
The company intends to deploy the funds toward expanding its product portfolio.
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OTP Ventures leads funding in Fifth Sense and other India deals
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Editor's take: The week that was — April 13-18
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Vietnamese digital banks face profitability challenge amid aggressive expansion drive
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Advent-backed Brazilian payments unicorn Ebanx makes SE Asia push
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VN Digest: HDBank partners LSE; Techcom Securities raises $488m loan; HCMC Fund officially launches
More Stories
Advent tests market again with potential $400m sale of Singapore’s The Learning Lab
Viewpoint: Indonesia’s consumer sector holds promise for PE but due diligence has sharpened
Wealth funds of China, Indonesia, Azerbaijan launch $1b PE platform
Analysis
Monthly startup funding data analysis from Greater China, SE Asia and more in this edition.
Vietnam’s transition to digital finance has accelerated sharply in recent years, but ARPU remains low.
Ebanx will immediately expand to Thailand, Indonesia and Turkey.
HDBank separately unveiled plans to raise up to $300m through international green bonds.
India
The funding will be used to deploy 2.2 million smart meters in West Bengal.
Move will pit Flipkart against Accel-backed BookMyShow and Zomato’s District.
Greater China
It will fund AI infrastructure expansion, generative AI research and working capital.
The companies fined include Pinduoduo, Meituan, and JD.com.
The company has previously turned down funding offers from top VCs.
