Deals
The pre-Series A funding round was led by Motion Ventures and July Ventures.
As new regulations take shape, will Indonesian investors' interest in crypto hold?
PE firm L Catterton buys into Italy's affordable cosmetics brand KIKO in $1.5b deal
Apple renews talks with OpenAI for iPhone generative AI features: report
Alphabet, Microsoft earnings show hefty AI bets are driving growth
Shanghai presses ahead into secondary market with new 10b yuan fund
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Decarbonization Partners hits final close of debut fund at $1.4b, surpasses target
Singapore’s Keppel set to raise over $2.7b across three funds this year
Schroders Capital’s $12.3b renewables arm to make next move in Asia
After blistering growth, Indonesia’s data centre firms shift focus to stability, margins
Vietnam-based Masan’s FMCG unit weighs IPO among fundraising options
Advent will merge online pharmacy unit ‘Apollo 24/7’ with pharmacy distributor Keimed.
The round in Lyskraft has been led by Peak XV Partners.
Apollo 24/7 is part of Apollo HealthCo, a subsidiary of Apollo Hospitals.
Venture Capital
The firm has 23 active investments in its India portfolio
IPOs & Markets
FirstCry is said to withdraw its IPO papers, make changes and refile them as early as next week,
Swiggy’s backers include Prosus, Accel, SoftBank, and Invesco among several others.
Flashaid has raised $2.5m in its pre-Series A funding round, while Boba Bhai has raised about $1.5m in seed funding.
JioCinema has become popular for showing the IPL cricket tournament for free.
Private Equity
DealStreetAsia had first written about its fundraising development in May 2023.