Analysis
The company is also understood to be undergoing significant leadership changes.
Mensa Brands became a unicorn in 2021, just six months after launching operations.
Private Equity
“Asia represents a compelling secondaries opportunity," says Blackstone Strategic Partners MD Eric Tam.
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Indonesian construction startup Gravel said to have laid off more than one-third staff
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Singapore's new insurance law gives govt more power to check buyout deals
3
Blackstone sees buyout deals increasing in Asia's secondaries market
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Tiger Global-backed Mensa Brands to shift domicile to India ahead of IPO
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India's central bank bars four non-bank lenders from issuing fresh loans
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Rest of Asia
World
The transaction is expected to close in Q1 2025.
The fund is expected to provide global institutional investors access to Australia’s real estate credit market.
India
DCDC offers subsidised services to low-income households in the country.
The acquisition will expand Indium's geographic footprint and headcount.
Malaysia
BSIF I will invest in growth-stage semiconductor companies.
Greater China
The city has announced a series of measures to bolster investments in the private sector.
The startup develops embodied intelligence and general humanoid robots.
AGNIT's round was led by 3one4 Capital and Zephyr Peacock.
The round was led by Eight Roads Ventures.
The Beijing-registered firm previously sealed a $10m seed round in June led by Linear Capital.
The programmes aim to back local emerging GPs and attract overseas fund managers.
Startup funding in SE Asia markedly declined in the third quarter of this year, hitting its lowest point in at least six years.
IPO fundraising halved in SE Asia in Q1-Q3 2024.
Women comprise just 18% of investment decision-makers at Southeast Asia-based venture investors, finds our latest report.
No SE Asia-focused PE fund secured a final close in H1 2024.
Digital fashion solutions provider Browzwear has removed its co-founders from its board.
Health and fitness startup HealthifyMe issued shares to LeapFrog, Khosla Ventures and others last week.
Indonesia
Chitose Bio Evolution has bagged funding from Japanese company Toppan Holdings.
watchTowr has received a capital injection from Peak XV, Prosus Ventures and Cercano Management.
The restrictions are on Asirvad Micro Finance, Arohan Financial Services, DMI Finance, and Navi Finserv.
Singapore
Blackstone said it saw $41b inflows in Q3, while it deployed and committed $54b of capital.
The group's losses fell almost 8% YoY to $21.7m in FY2024
The firm derived most of its revenue overseas last year.
The company reported a net loss of $14.3 million for the year ended Dec 31, 2023.
UnaBiz reversed payables that were due to Sigfox SA, which it acquired in 2022.
upGrad is said to be on the road to raising about $50-60 million from existing investors.
Meta said a few of its teams were making changes to align with their long-term strategic goals.
The company has been separating the China unit from its global operations.