People
Moglix has appointed Sanjeev Arora as CFO as it prepares for an IPO.
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People Digest: Moglix appoints new CFO; SG's Finmo names CMO
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China to raise technical standards for EV batteries to reduce explosion risks
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India: Ujala Cygnus to buy Amandeep Hospitals; ASG to acquire Prism Eye Institute
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India Digest: Centre for Teacher Accreditation, Cura Care in funding news
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Malaysian telco U Mobile to partner with China's Huawei, ZTE for 5G network
More Stories
Whatever creative structure is used, value creation must prevail: Gaia Investment Partners
Indonesian agritech startup Semaai said to have closed bridge round
ABC Impact closes Fund II with expanded LP base, including ADB
GXS Bank acquires Validus Group’s SG business to grow SME lending
Indonesia’s Fore Coffee surges 34% on market debut
Private Equity
PATRIZIA and Mitsui, through A-SIF, target up to $350 million in capital deployment.
AnyMind Group was founded in Singapore in 2016 and is now headquartered and listed in Tokyo.
Deals
Biobot has raised $8.5m through a new allotment of preference shares to existing investors.
Venture Capital
Moom Health’s pre-Series A round was led by Wipro Consumer Care Ventures.
Validus will redouble its commitment to core markets in Indonesia, Thailand.
Singapore
The firm held a first close of over $550 million in January 2024.
The LP View
Its portfolio is currently highly skewed with a 60-65% allocation to equity.
The acquisition is part of Basel’s expansion strategy in SE Asia.
Analysis
Olam will allocate $2b to repay all debts of its remaining businesses.
