Deals
IFC said the funds will be split between KB Kookmin Card’s subsidiaries in these countries.
Indonesian tech giant GoTo's losses narrow as revenue jumps in Q1 2024
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"
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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
Venture Capital
Betagro Ventures will back early-stage startups and also undertake venture building of new businesses.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Analysis
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Thai insurtech firm Sunday has issued additional shares to its largest shareholder.
The facility is forecast to produce 50,000 electric and hybrid vehicles in the first phase within 2025.
A quick recap of all that happened in the PE-VC world in the week gone by.
Here are the most significant private equity, venture capital and startup developments from the week that went by.
The round also saw participation by existing shareholders the Philippines-based Kaya Founders.
HD’s round was led by SBI Ven Capital.