Deals
The parent company of wealthtech app Hugosave has issued new shares to co-founder Ben Davies, Getz Group and others.
Piling dry powder signals end to Indian startup funding winter
Octopus Energy's valuation rises to $9b after CPPIB, Generation Investment raise stake
PE firms weigh potential buyout of NY-based fitness company Peloton
CICC, Citic, JPMorgan slash investment banking jobs in China as deals stall
Former Dallas Fed chief Kaplan named Goldman Sachs vice chairman
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Troubled crypto platform Zipmex appoints liquidator to wind up operations
Analysis
Singapore fintech startups accounted for more than half of the funds raised in the first quarter.
The firm is part of Galaxy Entertainment, in which MoMo-backer Thien Viet Securities is an investor.
Venture Capital
Other participating investors included Touchstone Partners, East Ventures, and Saison Capital.
Private Credit
The debt amounted to nearly $8.7 million by the end of last year.
Chinese tech group rents server space from state-owned partners in the meantime.
Backed by 500 Global, Edukita closed its last funding round in Nov 2022.
Private Equity
Investor appetite has shifted away from cash-burning, high-growth healthtech startups.
Here’s your weekly recap of the most significant developments in Asian private markets in the week that went by.
Tech is still one of the least active sectors in Vietnam in terms of M&A transactions, per a report.