Greater China
This week saw a flurry of earnings reports as several major companies announced their latest financial updates.
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Singapore’s finance admin startup Osome raises $17m in Series B+ round
Indonesian investment firm Saratoga said to be exiting Antangin maker Deltomed
Haidilao restaurant operator Super Hi’s shares surge 38% in strong US market debut
World
The deal is one of the largest debt financing rounds for a startup.
India
Edgro raised the amount from nine lenders.
OTPless, set up by the founding team of BharatPe, has raised $3.5 million in its pre-series A funding round
The financing will support women, especially microloan borrowers in semi-urban and rural areas.
Ping An, which emerged as a major shareholder in HSBC in 2017, has had a tumultuous relationship with the lender in the recent past.
Singapore
With this, the company has completed its Series B round at $40+ million in total.
Indonesia
Saratoga has also announced acquiring a majority stake in Brawijaya Hospital, confirming DealStreetAsia’s report.
This is the second time that the company is raising funds in the current fiscal year.
Rest of Asia
The deal is part of AIG’s efforts to reduce its holdings in the life and retirement business.