India
Ola is exiting the UK, Australia, and New Zealand.
E-commerce enabler BigCommerce explores sale after receiving takeover interest
Tesla proposes to launch robotaxis in China
Australia's Perpetual sells corporate, wealth businesses to KKR for $1.4b
With onsite inspections, China dials up scrutiny of local market IPO hopefuls
Olam Agri tops Louis Dreyfus with sweetened $95m bid for Namoi Cotton
More Stories
CVC-led group to buy 65% stake in Lippo-backed hospital chain Siloam for around $1.6b
Jungle Ventures looking to dig into SE Asia’s F&B sector with Yay! Group investment
Sale process of Malaysia’s Island Hospital by PE firm Affinity draws investors
Amid PE lull, Bahrain’s Investcorp sees delay in $5b India investment plan
Singapore co-working laboratory provider NSG BioLabs raises $14.5m
Greater China
The Group has plans to seek regulatory approval in Europe, the Middle East, South America, and Africa.
Ola Electric has filed its draft red herring prospectus for an IPO to raise $660 million.
Indonesia
HSBC will back companies from its $1b ASEAN Growth Fund.
Sharechat’s valuation had reportedly shrunk to $1.5b in end-2023 from $5b in 2022.
The country added just two unicorns in 2023.
Perfios has a presence in India, Southeast Asia, the Middle East, and Africa.
Singapore
The startup will produce in Italy “chiplets”, which can be the size of a grain of sand.
The payments unicorn was last week reported to be under investigation by India’s ED.
Investors including Prosus, General Atlantic, Peak XV say they are “deeply concerned about the stability of the company”.