Deals
IFC said the funds will be split between KB Kookmin Card’s subsidiaries in these countries.
CRRC Times Electric’s semiconductor unit bags over $597m equity funding
IFC, KB Kookmin Card launch $150m financing initiative in Indonesia, Thailand
PayU leads $5m funding in BRISKPE and India deals worth $93m
Indonesian media firm DailySocial lays off entire workforce amid "transition"
IFC mulls $60m investment in Indian shadow lender Five Star
More Stories
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
HK-based PE firm Azuremount WH closes co-control deal in AI software developer ATOM
Lured by robust exits, PE firms line up for hospital assets in India; SE Asia to follow
Editor’s take: The week that was — April 22-27
The LP View: Infra fund managers seen adopting clear climate strategy in Asia, says AIIB exec
Analysis
The company is not shutting down its entire operations, CEO Rama Mamuaya told DealStreetAsia.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Oversight of crypto is being transferred to the OJK from Bappebti.
Earnings and Results
The NPL ratio stood at 0.6%, way below the industry average of 2.3%.
Competition, manpower shortage pose challenges as initial euphoria settles down.
A non-binding agreement may be reached in the coming months.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
People
Zoomcar is planning to expand its business to other parts of the country.
Marketing expenses, which rose 76% YoY, were among the company’s biggest costs in 2022.