Venture Capital
The US-based VC expects to allocate one-third of its corpus by the end of this year.
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Vietnam-based Dat Bike in talks to raise at least $10m in Series B funding
2
QED sharpens Asia playbook with bigger cheques, expanded footprint
3
Grab names Alejandro Osorio as new MD for Singapore
4
Employees mull legal action against BluSmart over unpaid salaries
5
Oman sovereign wealth fund in preliminary pact with Algeria for $300m fund
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Nestle India said to be in talks to invest in pet food brand Drools
Waste management firm Blue Planet raises fresh funds from BBC Ventures
JAFCO Asia deal marks Bee Alternatives’ evolution into a multi-asset investment platform
foodpanda’s Thai exit marks churn in SE Asia’s food delivery market
SG edtech startup Manabie raises $23m Series B funding led by JIC Venture
Analysis
The fund will focus on mining, food security and pharmaceuticals.
Deals
The detailed terms of the agreement will remain confidential.
IPOs & Markets
This scuppers what could have marked the biggest offering in over three years in the country.
Private Equity
VIG is expected to achieve more than a 4x return on invested capital.
People
It has appointed Sushil Bathija as head of M&A and Vikram Chavali as head of sponsors M&A.
Sinopec and its unit shall contribute 7.20 billion yuan and 14.40 billion yuan in cash, respectively.
The round was anchored by existing investor X&KSK.
Lendable is a London- and Singapore-based lending platform, which has backed several fintech firms in the region.
Toyota Chairman Akio Toyoda and his founder family have proposed acquiring Toyota Industries.