Deals
It will support Racks Central’s large-scale development in Johor, Malaysia.
1
India Digest: Zumutor Biologics, AutoVRse raise funding
2
ESR-backed China-ASEAN fund invests in SG's Racks Central
3
India's Razorpay files IPO papers confidentially
4
Australia's Atlas Arteria rejects IFM Global’s sweetened $5.23b offer
5
Gummy maker Niramas Utama seeks up to $22m in Indonesia IPO
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SG- and India-based healthcare platform YouLabs bags $2.6m in seed round
The pre-Series A round was led by Tin Men Capital, while SBI Ven Capital co-led the round.
Analysis
The top developments across Asia this week
The round marks the first investment from Crane’s newly launched Asia-Pacific fund.
BB Fund now holds a 75.9% stake in the company, up from 64.8%.
Unicorns
The Warburg-backed firm is said to be raising the round in phases.
Arki is planning a public launch later this year.
The PE firm acquired SG-based Interplex from EQT’s BPEA fund for an enterprise value of $1.6b in 2022.
Venture Capital
The round also drew participation from Ehsan Kapital and Gobi Partners.
Green SM has expanded its footprint to five markets, following the launch in India,
