Private Equity
Investor appetite has shifted away from cash-burning, high-growth healthtech startups.
Asset manager Value Partners said to have laid off a third of China staff
Bahrain's Investcorp to buy NSE's IT arm for $120m in India push
Indonesia's Bukalapak hits positive adjusted EBITDA for first time in Q1
Indonesian tech giant GoTo's losses narrow as revenue jumps in Q1 2024
CRRC Times Electric’s semiconductor unit bags over $597m equity funding
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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
GoTo-backed digital lender Bank Jago’s profits surge 24% in Q1 2024
The LP View: Infra fund managers seen adopting clear climate strategy in Asia, says AIIB exec
Editor’s take: The week that was — April 22-27
Deals
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Analysis
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.
FPT plans to use Nvidia’s support to boost AI research in Vietnam.
IPOs & Markets
The company is currently valued at roughly $4 billion.
Vingroup is also considering listing its hospitality unit Vinpearl and GSM, the taxi unit.
Vietnam-based edtech startup Prep has closed a Series A round.
Regional startups raised a meagre $1 billion in private funding in Q1, the lowest quarterly haul in over five years.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Vietnamese food chain Homefarm is backed by Alibaba’s eWTP Technology and Innovation Fund.