Greater China
The Series D+ round was led by GTJA Investment Group and state capital investor Kingray Capital.
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
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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
India
It raised $20 million in its Series B equity funding in 2022.
Singapore
9Basil Group will boost AlteriQ’s investment capacity with a $50m capital infusion.
Sectors such as IT and healthcare provide opportunities for private credit to step in, says SJ Lim, MD, Asia Credit, KKR.
Indonesia
A hybrid capital solution will also offer INA more flexibility in terms of investments, said Christopher Ganis.
Hang Seng Bank has set no cap for these loans.
The ASEAN Growth Fund will focus on cashflow-generating startups.
If this deal goes through, it will change the landscape of the performing credit market in the region.
Currently, mPokket’s customer base stands at around 24 million.
Earlier this month, the firm also launched its maiden private equity fund.