Venture Capital
SPIL Ventures backed the startup's pre-seed round.
Analysis
Investors are piling on to shares of chipmakers and data centre operators.
Deals
The loan will be used to expand green building certification of the Warburg-backed firm.
1
Multiples PE buys majority stake in QBurst for $200m in its biggest tech services bet yet
2
DeepSeek ignites 'nationalist fever' in China, drives AI stock bets
3
BYD to hire 20,000 in Zhengzhou in Q1: report
4
IFC, OCBC extend sustainability loan to Indonesian realtor NWP
5
India Digest: Nua, Dreamfly Innovations, Astra Security bag funds
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Beyond the Buyout
Insights and updates on private equity in Asia Pacific.
India
Multiples will buy a controlling stake in QBurst for $200m.
World
Brookfield also allows for Insignia investors to take equity in its unlisted bid vehicle if they prefer.
Rest of Asia
CVC acquired OANDA in 2018.
La Renon counts ChrysCapital, Peak XV, and A91 Partners among its backers.
Indonesia
CVC initiated the sale process for its 25% stake in RKE International last year.
KKR and Bain have placed competing tender offer bids worth as much as $2b.
Lundin family and Zijin Mining will acquire a 3.5% and a 6.5% stake, respectively.
Nua has raised $21.5 million so far from Lightbox VC, Kae Capital, others.
Singapore
The firm is investing out of its third early-stage fund, which it is in the process of raising.
Seven Technology and Dinie will become entities of One97 Communication after the transaction.
Sources said Cashfree is now valued at $700 million.
The deal volume also grew 16.8% from the previous quarter to 576.
Indian startups garnered $4.16b from private market investors in Q4 2024, a whopping 41% jump year-on-year.
SEA startups sealed the lowest quarterly deal volume in over six years in Q4 2024.
SE Asia's listed firms are intensifying efforts to eliminate losses.
Mighty Bear recently received $4m in funding for its GOAT GAMING platform.
SE Asian enterprise software and IT startups are increasingly adopting blockchain, with 66 deals in 2024.
Telio last secured equity funding in June 2022, closing a $26.7m venture round led by VNG.
Orange Dental has raised $1.5m from Northstar Group.
Greater China
BYD plans to hire in areas including R&D and manufacturing.
Total equity fundraising across Keppel’s private funds rose 48% YoY to $3.4 billion in 2024.
The company posted an adjusted net profit of S$320m for the six months ended Dec. 31, 2024.
Annual net profit for Keppel's connectivity arm rose nearly 45%.
The company's adjusted net income climbed 33% to $1.19b.
Fee-related earnings jump to quarterly record.
The net profit rose to $2.65 billion in the October-December period.
Liu is the ex-CFO of Alibaba's logistics arm Cainiao.
The new hires will increase its total headcount to roughly 3,500 in Mumbai and Gurugram.
The London-based fund manager is buying a minority stake in Baker Tilly Netherlands.