Deals
Astra group now owns a 20% stake in one of Indonesia’s largest private hospital operators.
1
Vietnamese EV two-wheeler maker Dat Bike raises funds led by Japanese investor
2
IFC mulls investment in Vietnamese engineering solutions firm DDC
3
Astra buys additional stake in Hermina hospital for $164m
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PH fintech Salmon raises $50m in oversubscribed Nordic bond offering
5
India: WestBridge leads $40m funding in fintech startup FinBox
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KKR divests stake in Sari Roti to Leafgreen Capital, Gateway Partners
Venture Capital
24HMoney will serve as EMIR’s advisor across strategic domains to strengthen the group’s competitiveness.
Analysis
The fund now manages $10b in assets.
The two have been engaged in on-and-off merger discussions over the past few years
E-commerce has fallen to fourth place by equity deal volume in SE Asia.
The company had raised a $12m bridge round in late 2023 and a $54m Series B in 2020.
The acquisition adds a third gold mine to United Tractors’s portfolio.
The round also saw participation from new and existing investors.
Asia PE-VC Summit 2025
The fund is in discussions with private equity, private credit, and private real estate managers.
The announcement confirms DealStreetAsia’s report from last August.
