Private Equity
PE investments in India touched a six-year low at $24b in the financial year ended March 2024.
CVC Capital, an existing shareholder, holds a 26.18% stake in the chain through Prime Health Company Limited.
Deals
The Lippo Group currently holds an over 75% stake in IDX-listed Bank Nobu.
Venture Capital
Amazon to spend nearly $9b over four years to expand cloud infra in Singapore
Philippines' PLDT looks to sell up to 49% of data centre business to Japan's NTT
Princeton Digital secures $280m green loan to finance Malaysian data centre campus
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Indonesian conglomerate Astra eyes aggressive EV push in next two years
Our reporters track deals with a focus on Private Equity, Venture Capital and M&As across Southeast Asia, India and China, and bring it to your inbox every day.
Southeast Asia
Southeast Asia's startups saw an uptick in the number of funding rounds recorded in the first quarter of the year, but the total capital raised nosedived to the lowest level seen in over five years.
India
Fundraising by Indian startups fell 11% sequentially to $2.6 billion in Q1.
Launched late last year, the fund garnered capital commitments of over $39m in the first close.
Indonesia
Singapore
PE firm Celadon Partners and ClavystBio, a life sciences investor set up by Temasek, invested.
World
Nvidia and Microsoft also contributed in the Series C funding round.
Greater China
About 20% of the [second] fund will be allocated to the so-called 'sci-fi longevity tech'.
Rest of Asia
Machdock Ventures, Black Sheep Capital, and angel investors also backed Brainfish's funding round.
Ola is exiting the UK, Australia, and New Zealand.
Malaysia
The hyperscale project is a planned $1.5b investment for Princeton Digital.
The upsized senior secured credit facilities will help support the growth of Acclime.
The investment adds to the S$11.5b the company has already invested in APAC till 2023.
Philippines
The deal could value the data centre business at $750m.
The agreement marks a win for BYD, which has been looking to expand its revenue beyond EV sales under its own brand.
The deal books are already multiple times oversubscribed.
The SEC has adopted a tough stance toward the digital currency industry.
Warnings of this kind occur frequently in EU trade defence cases.
The notice includes the flagship Adani Enterprises.
Employee numbers were 126 at the end of December, down from 234 a year earlier.