India
Founder and CEO Vijay Shekhar Sharma gave up 210m in ESOPs in the quarter.
1
India's Flipspaces raises $35m in Iron Pillar-led round, Carpediem exits
2
Indonesian digital wallet OVO taps Grab ecosystem to expand offerings
3
Dubai-based Synergy Capital to raise $1b for third Asia fund, with India focus
4
Sea Ltd wires another $78m into MariBank to boost digital banking play
5
LAV, Dragonball Capital co-lead EnChannel's $83m Series B round
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Tiki’s plunge from soonicorn to sub-$10m valuation stuns investors, highlights harsh reset
Indonesian climate tech startup Rekosistem secures $7m funding
Vietnam-based Dat Bike in talks to raise at least $10m in Series B funding
Toyota buys 40% stake in Astra’s used-car unit in $120m deal
Grab names Alejandro Osorio as new MD for Singapore
Eternal said it sees the competition intensifying in the near term.
Greater China
During the quarter, the exchange saw 17 listings, raising HK$18.7b.
Indonesia
Tiket.com was the biggest contributor to the group’s Gross Profit Before Discount.
Singapore
Its revenue hit $773 million in Q1 2025 but profit dipped marginally from Q4 2024.
The company posted a net profit of $7 million.
The company posted an adjusted EBITDA of 393 billion rupiah in Q1—its highest ever.
HSBC said its stake in Bank of Communications will drop to about 16% from 19.03%
Its net profit for the three months to March 31 was 27.02 billion yuan.
The bank’s total assets grew 44% year-on-year to 32.5 trillion rupiah during Jan-March 2025.
